InfuSystem Holdings, Inc. (NYSE:INFU) Given Consensus Recommendation of “Buy” by Brokerages

Shares of InfuSystem Holdings, Inc. (NYSE:INFU) have earned a consensus rating of “Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.50.

A number of research analysts recently issued reports on INFU shares. Lake Street Capital started coverage on InfuSystem in a report on Monday, September 22nd. They issued a “buy” rating and a $15.00 target price for the company. Zacks Research cut shares of InfuSystem from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Roth Capital reiterated a “buy” rating and issued a $14.00 price target (up previously from $13.00) on shares of InfuSystem in a research note on Tuesday, November 4th.

Hedge Funds Weigh In On InfuSystem

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new stake in InfuSystem in the first quarter valued at $465,000. Russell Investments Group Ltd. increased its holdings in shares of InfuSystem by 13.1% in the 1st quarter. Russell Investments Group Ltd. now owns 437,891 shares of the company’s stock valued at $2,356,000 after acquiring an additional 50,877 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of InfuSystem during the 1st quarter worth about $256,000. Hsbc Holdings PLC purchased a new stake in InfuSystem during the first quarter worth approximately $147,000. Finally, Jump Financial LLC acquired a new position in InfuSystem in the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

InfuSystem Stock Performance

Shares of INFU stock opened at $8.96 on Monday. The firm has a 50 day moving average of $9.55 and a two-hundred day moving average of $8.65. The stock has a market capitalization of $182.21 million, a PE ratio of 149.36 and a beta of 1.71. The company has a quick ratio of 1.59, a current ratio of 1.98 and a debt-to-equity ratio of 0.50. InfuSystem has a 52 week low of $4.61 and a 52 week high of $11.04.

About InfuSystem

InfuSystem Holdings Inc is a medical technology company that specializes in the rental, management and servicing of infusion pumps and associated devices used primarily for outpatient infusion therapy. The company provides a comprehensive suite of services that includes equipment delivery, setup and retrieval, preventive and corrective maintenance, reprocessing and quality assurance. InfuSystem’s offerings are designed to help hospitals, ambulatory surgery centers, oncology clinics and private infusion suites streamline clinical operations and maintain compliance with safety standards.

In addition to pump rental and repair services, InfuSystem has expanded into remote patient monitoring solutions.