|Day's Range||140.68 - 141.99|
|52 Week Range||106.48 - 145.62|
|PE Ratio (TTM)||31.71|
|Dividend & Yield||1.70 (1.20%)|
|1y Target Est||N/A|
Yesterday, Novadaq Technologies Inc.(NASDAQ:NVDQ) shares skyrocketed 95% after the company announced it entered an ultimate agreement with Stryker Corp., who committed to acquire every outstanding NVDQ shares at the price of $11.75 each, implying a total equity value of nearly $701 million. Believing “SYK could possibly accelerate NVDQ’s growth”, Canaccord Genuity top analyst Jason Mills reiterates a Buy rating listing a price target of $10, which represents a downside of approximately 14% compared to where the shares last closed.
Shares nearly double after news breaks that the company has accepted a buyout offer.