Scharf Investments LLC recently announced the acquisition of new stake in Smith & Nephew plc ADR (NYSE:SNN). The institutional investor has increased its shareholding in the Healthcare company by 15.68% to 2.47 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 0.57% valued currently at $64.2 million. In addition, American Century Investment Manag raised its holdings by 1.83 million to 2.36 million shares. And Managed Account Advisors LLC has lifted its position by 3.32% or 49350.0 shares – to 1.53 million shares.
With over 0.46 million Smith & Nephew plc ADR (SNN) shares trading Friday and a closing price of $27.28 on the day, the dollar volume was approximately $12.52 million. The shares have shown a negative half year performance of -15.41% and its price on 12/29/23 lost nearly -0.11%. Currently, there are 435.07M common shares owned by the public and among those 434.94M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for SNN have a consensus price objective of $15.79. The analysts have set the share’s price value over the next 12 months at a high of $19.05 and a low of $12.77. The average price target is 13.62% above its recent price level and a downside to the estimated low will see the stock lose -113.63% over that period. But a downside of -43.2% will see the stock hit the forecast high price target while median target price for the stock is $15.74.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 4,799 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 525 shares.
The top 3 mutual fund holders in Smith & Nephew plc ADR are American Century Mid Cap Value Fu, FMI Large Cap Fund, and Nuance Mid Cap Value Fund. American Century Mid Cap Value Fu owns 1.63 million shares of the company’s stock, all valued at over $42.23 million. The company bought an additional 1.3 million shares recently to bring their total holdings to about 0.37% of the shares outstanding. FMI Large Cap Fund sold -0.11 million shares to see its total holdings shrink to 1.44 million shares valued at over $37.24 million and representing 0.33% of the shares outstanding. Nuance Mid Cap Value Fund sold -2.38 million shares to bring its total holdings to over 1.22 million shares at a value of $31.78 million. Nuance Mid Cap Value Fund now owns shares totaling to 0.28% of the shares outstanding.
Shares of Smith & Nephew plc ADR (NYSE: SNN) opened at $27.25, down -$0.06 from a prior closing price of $27.31. However, the script later moved the day high at 27.36, down -0.11%. The company’s stock has a 5-day price change of 0.89% and 10.13% over the past three months. SNN shares are trading 1.45% year to date (YTD), with the 12-month market performance up to 2.79% higher. It has a 12-month low price of $21.52 and touched a high of $33.08 over the same period. SNN has an average intraday trading volume of 1.42 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.53%, 8.89%, and -2.35% respectively.
Institutional ownership of Smith & Nephew plc ADR (NYSE: SNN) shares accounts for 8.92% of the company’s 435.07M shares outstanding. Mutual fund holders own 1.91%, while other institutional holders and individual stakeholders account for 6.98% and — respectively.
It has a market capitalization of $11.87B and a beta (3y monthly) value of 0.74. The stock’s trailing 12-month PE ratio is 53.89, while the earnings-per-share (ttm) stands at $0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.82% over the week and 1.08% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 1.67%, and 10.89% over the next financial year. EPS should grow at an annualized rate of -8.00% over the next five years, compared to -21.86% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Smith & Nephew plc ADR (SNN) as a “Strong Buy” at a consensus score of 1.83. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 7 of the 18 advise that investors “hold,” and 0 rated it as a “Sell.”
