Glaukos (GKOS) Reaches $36.61 After 9.00% Up Move; 4 Analysts Bullish Forward Air (FWRD)

May 26, 2018 - By Adrian Mccoy

Glaukos Corporation (NYSE:GKOS) Logo

Among 9 analysts covering Forward Air (NASDAQ:FWRD), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Forward Air had 30 analyst reports since July 24, 2015 according to SRatingsIntel. Stephens maintained it with “Buy” rating and $74.0 target in Friday, February 9 report. The firm has “Buy” rating by Robert W. Baird given on Thursday, January 18. Cowen & Co maintained Forward Air Corporation (NASDAQ:FWRD) rating on Tuesday, September 20. Cowen & Co has “Market Perform” rating and $48 target. RBC Capital Markets maintained Forward Air Corporation (NASDAQ:FWRD) on Thursday, February 11 with “Sector Perform” rating. Cowen & Co maintained it with “Market Perform” rating and $42 target in Thursday, February 11 report. The firm earned “Peer Perform” rating on Tuesday, August 1 by Wolfe Research. The firm has “Buy” rating given on Thursday, April 26 by Stifel Nicolaus. As per Friday, November 10, the company rating was maintained by Robert W. Baird. The stock has “Hold” rating by Cowen & Co on Wednesday, August 9. The stock of Forward Air Corporation (NASDAQ:FWRD) earned “Hold” rating by Cowen & Co on Monday, October 30. See Forward Air Corporation (NASDAQ:FWRD) latest ratings:




26/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $52 Upgrade
10/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $65.0000 Maintain
09/02/2018 Broker: Stephens Rating: Buy New Target: $74.0 Maintain
18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $59.0 Maintain
18/01/2018 Broker: Robert W. Baird Rating: Buy Upgrade
08/01/2018 Broker: Stephens Rating: Buy New Target: $80.0 Maintain

The stock of Glaukos Corporation (NYSE:GKOS) is a huge mover today! The stock increased 3.16% or $1.12 during the last trading session, reaching $36.61. About 408,794 shares traded. Glaukos Corporation (NYSE:GKOS) has declined 40.30% since May 26, 2017 and is downtrending. It has underperformed by 51.85% the S&P500.The move comes after 8 months positive chart setup for the $1.28 billion company. It was reported on May, 26 by Barchart.com. We have $39.90 PT which if reached, will make NYSE:GKOS worth $115.02 million more.

Glaukos Corporation, an ophthalmic medical technology company, focuses on the development and commercialization of products and procedures designed to treat glaucoma. The company has market cap of $1.28 billion. It offers iStent, a micro-bypass stent for insertion in conjunction with cataract surgery for the reduction of intraocular pressure in adult patients with mild-to-moderate open-angle glaucoma. It currently has negative earnings. The companyÂ’s product pipeline includes iStent Inject trabecular micro-bypass stent that allows the surgeon to inject stents into various trabecular meshwork locations through a single corneal entry with the goal of achieving intraocular pressure reduction; iStent Supra suprachoroidal micro-bypass stent, which is designed to reduce intraocular pressure by accessing the suprachoroidal space in the eye; and iDose, a targeted injectable drug delivery implant that is designed to be pre-loaded into a small gauge needle and injected into the eye through a self-sealing corneal needle penetration.

Analysts await Glaukos Corporation (NYSE:GKOS) to report earnings on August, 1. They expect $-0.13 EPS, down 316.67% or $0.19 from last year’s $0.06 per share. After $-0.08 actual EPS reported by Glaukos Corporation for the previous quarter, Wall Street now forecasts 62.50% negative EPS growth.

Among 8 analysts covering Glaukos Corporation (NYSE:GKOS), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Glaukos Corporation has $6000 highest and $24 lowest target. $40.67’s average target is 11.09% above currents $36.61 stock price. Glaukos Corporation had 39 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 14 by Roth Capital. BMO Capital Markets maintained Glaukos Corporation (NYSE:GKOS) rating on Wednesday, July 12. BMO Capital Markets has “Buy” rating and $5400 target. Cantor Fitzgerald maintained Glaukos Corporation (NYSE:GKOS) on Tuesday, November 7 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, August 2 report. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Buy”. The firm earned “Hold” rating on Friday, April 13 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, December 12 by Wells Fargo. Piper Jaffray maintained it with “Buy” rating and $38.0 target in Tuesday, October 24 report. Stifel Nicolaus initiated the stock with “Hold” rating in Friday, April 8 report. Cantor Fitzgerald initiated Glaukos Corporation (NYSE:GKOS) rating on Friday, June 3. Cantor Fitzgerald has “Buy” rating and $35 target.

More recent Glaukos Corporation (NYSE:GKOS) news were published by: Seekingalpha.com which released: “Glaukos’ (GKOS) CEO Thomas Burns on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Also Ocbj.com published the news titled: “Midday Stock Roundup” on May 24, 2018. Globenewswire.com‘s news article titled: “New Research Coverage Highlights Ellie Mae, Micron Technology, Applied Optoelectronics, Acadia Realty Trust …” with publication date: May 16, 2018 was also an interesting one.

Since February 26, 2018, it had 0 insider purchases, and 1 insider sale for $135,508 activity. The insider LYNCH GEORGE M sold 2,443 shares worth $135,508.

More news for Forward Air Corporation (NASDAQ:FWRD) were recently published by: Businesswire.com, which released: “Forward Air Corporation to Participate in the 2018 KeyBanc Capital Markets’ Industrials & Basic Materials Conference …” on May 24, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for SecureWorks, Ingles Markets, Insys Therapeutics, Energous, XO Group, and …” and published on May 02, 2018 is yet another important article.

The stock increased 0.29% or $0.17 during the last trading session, reaching $59.76. About 91,798 shares traded. Forward Air Corporation (NASDAQ:FWRD) has risen 11.41% since May 26, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Investors sentiment decreased to 1.42 in 2017 Q4. Its down 0.48, from 1.9 in 2017Q3. It turned negative, as 9 investors sold Forward Air Corporation shares while 60 reduced holdings. 38 funds opened positions while 60 raised stakes. 28.01 million shares or 0.61% less from 28.18 million shares in 2017Q3 were reported. Invesco Limited invested in 0.01% or 659,320 shares. Phocas Fincl Corporation holds 0.46% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 95,437 shares. Louisiana State Employees Retirement System reported 12,800 shares. Fenimore Asset Management stated it has 1.31% in Forward Air Corporation (NASDAQ:FWRD). Vanguard Group Inc holds 2.78M shares. Atlanta Cap L L C has 0.2% invested in Forward Air Corporation (NASDAQ:FWRD). Moreover, Comerica National Bank has 0.02% invested in Forward Air Corporation (NASDAQ:FWRD). Laurion Cap Ltd Partnership reported 7,411 shares. Piedmont Investment Advsr Limited Liability Company has invested 0.01% of its portfolio in Forward Air Corporation (NASDAQ:FWRD). Vulcan Value Prtnrs Llc holds 0.17% or 366,959 shares in its portfolio. California Pub Employees Retirement Systems holds 0.01% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 64,650 shares. Sawgrass Asset Mgmt Limited Liability Company owns 3,735 shares or 0.01% of their US portfolio. 10,193 are owned by Glg Prtn Limited Partnership. Proshare Advsrs Limited Liability owns 5,297 shares. Ameriprise Fincl Inc invested in 0.01% or 271,960 shares.

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics firm in the United State and Canada. The company has market cap of $1.76 billion. The firm operates through four divisions: Expedited LTL, Truckload Premium Services , Intermodal, and Pool Distribution. It has a 20.68 P/E ratio. The Expedited LTL segment provides expedited regional, inter-regional, and national less-than-truckload services, as well as local pick-up and delivery services.

Forward Air Corporation (NASDAQ:FWRD) Institutional Positions Chart

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