Does RadNet (NASDAQ:RDNT) Look Attractive Now? Raymond James Initiates Coverage

March 15, 2018 - By Lynda A. Deweese

 Does RadNet (NASDAQ:RDNT) Look Attractive Now? Raymond James Initiates Coverage

Why Has Raymond James Given RadNet (NASDAQ:RDNT) a $15 Price Target

Raymond James started its coverage for RadNet (NASDAQ:RDNT), this morning Wednesday morning. The broker found the stock of RDNT quite attractive and now has a PT of $15 with a key Strong Buy rating.

RadNet, Inc. (NASDAQ:RDNT) Ratings Coverage

Among 4 analysts covering RadNet (NASDAQ:RDNT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. RadNet has $15 highest and $700 lowest target. $12.67’s average target is -1.40% below currents $12.85 stock price. RadNet had 8 analyst reports since March 15, 2016 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Tuesday, March 15 report. The stock of RadNet, Inc. (NASDAQ:RDNT) earned “Hold” rating by Jefferies on Thursday, July 13. On Thursday, June 2 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The company was maintained on Thursday, November 9 by Jefferies. The firm has “Buy” rating given on Thursday, March 8 by Jefferies. Jefferies upgraded the stock to “Buy” rating in Tuesday, August 22 report. Sidoti initiated RadNet, Inc. (NASDAQ:RDNT) on Friday, April 15 with “Buy” rating.

The stock decreased 0.77% or $0.1 during the last trading session, reaching $12.85. About 119,038 shares traded. RadNet, Inc. (NASDAQ:RDNT) has risen 53.92% since March 15, 2017 and is uptrending. It has outperformed by 37.22% the S&P500.

Analysts await RadNet, Inc. (NASDAQ:RDNT) to report earnings on May, 9. They expect $0.04 earnings per share, up 500.00 % or $0.05 from last year’s $-0.01 per share. RDNT’s profit will be $1.90 million for 80.31 P/E if the $0.04 EPS becomes a reality. After $0.13 actual earnings per share reported by RadNet, Inc. for the previous quarter, Wall Street now forecasts -69.23 % negative EPS growth.

RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company has market cap of $611.97 million. The Company’s services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology , fluoroscopy, and other related procedures, as well as multi-modality imaging services. It has a 12850 P/E ratio. The firm also develops and sells computerized systems for the imaging industry, including picture archiving communications systems; and provides teleradiology services for remote interpretation of images on behalf of radiology groups, hospitals, and imaging center customers.

More recent RadNet, Inc. (NASDAQ:RDNT) news were published by: which released: “Form 4 RadNet, Inc. For: Mar 14 Filed by: Murdock Michael N” on March 14, 2018. Also published the news titled: “The Cancer Research Collaboration and Breastlink New York Partner With …” on March 15, 2018.‘s news article titled: “RadNet, Inc. Announces Date of its Fourth Quarter 2017 Financial Results …” with publication date: February 28, 2018 was also an interesting one.

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