Brokerages Set Sonova Holding AG (OTCMKTS:SONVY) Target Price at $65.00

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Shares of Sonova Holding AG (OTCMKTS:SONVY) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $65.00.

Several equities research analysts have recently issued reports on the company. Exane BNP Paribas upgraded Sonova from an “underperform” rating to an “outperform” rating in a report on Thursday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Sonova in a report on Wednesday, March 24th. Zacks Investment Research upgraded Sonova from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, April 23rd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Sonova in a research report on Tuesday, February 2nd.

Shares of SONVY stock traded down $0.83 during mid-day trading on Tuesday, hitting $59.34. 10,660 shares of the company’s stock were exchanged, compared to its average volume of 20,040. Sonova has a fifty-two week low of $36.39 and a fifty-two week high of $60.23. The stock has a 50-day simple moving average of $56.04 and a two-hundred day simple moving average of $52.08. The company has a quick ratio of 2.26, a current ratio of 2.57 and a debt-to-equity ratio of 0.69. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 39.83 and a beta of 0.70.

Sonova Company Profile

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It operates through two segments, Hearing Instruments and Cochlear Implants segments. It offers wireless communication products, rechargeable hearing aids, and professional audiological care services.

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Analyst Recommendations for Sonova (OTCMKTS:SONVY)

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