Panmure Gordon Confirms Buy Rating for Smiths Group (SMGKF)
Analyst Recommendation: Panmure Gordon has reiterated a "Buy" recommendation for Smiths Group, projecting a 50% upside based on an average one-year price target of $32.92/share, up from a recent closing price of $21.95/share.
Revenue and EPS Projections: Smiths Group's projected annual revenue is $2,883 million, reflecting a slight decrease of 1.10%, with a projected non-GAAP EPS of 0.94.
Fund Sentiment: There are currently 279 funds reporting positions in Smiths Group, with a 2.20% increase in ownership over the last quarter, although total shares owned by institutions have decreased by 2.25%.
Shareholder Activity: Notable changes in shareholder allocations include Dodge & Cox maintaining its position, while Vanguard Total International Stock Index Fund and FMIJX have adjusted their holdings, with some increasing and others decreasing their portfolio allocations in Smiths Group.
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