Smith & Nephew Share Discussion Threads

[1nf3rn0] 09/6/2021 12:16

Credit Suisse upgraded shares of artificial hip and knee maker Smith & Nephew on Wednesday to 'outperform' from 'neutral', lifting the price target to 1,805p from 1,560p as it pointed to "underappreciated growth drivers".The bank argued that S&N is an underappreciated elective surgery recovery play in the near term and that investors underestimate the combined power of recently-acquired growth drivers with corresponding return leverage mid-term.It upped its FY21-23 sales/adjusted earnings per share estimates by an average 2%/6%, leaving it 3%/5% above Bloomberg consensus."As the drivers become clearer gaining the confidence of investors, we expect Smith & Nephew stock to reverse its material underperformance over the past 12 months," Credit Suisse said.The bank noted that since late 2017, Smith & Nephew has bought several bolt-on technologies, committing close to $1.6bn, and with associated negative M&A effects on trading margin of around 150 basis points for FY21."We deep-dived into the potential for the new technologies," it said. "We believe the Wound Biologics/Sports Medicine/Extremities/ENT franchises can add circa 80/15/40/40bps to group underlying growth mid-term."This would turn Smith & Nephew from low-to-mid single digit into mid-to-high single digit underlying growth mode and generate relevant operating leverage, providing upside to trading margin."

[its the oxman] 09/6/2021 09:49

CREDIT SUISSE RAISES SMITH & NEPHEW TO 'OUTPERFORM' (NEUTRAL) - TARGET 1,805 (1,560) PENCE

[spoole5] 09/6/2021 08:27

Fall was unjustified, their main markets are virtually back to normal and lots of pent up demand. Perhaps broker highlighting this?

[its the oxman] 09/6/2021 08:17

Bouncing back today, any reason?

[spoole5] 09/6/2021 08:01

I was referencing his opinion on pe as a valuation method

[essentialinvestor] 08/6/2021 22:13

Terry holds Stryker, from memory. Not SN as far as I'm aware.

[spoole5] 08/6/2021 21:43

Ask terry smith what he thinks of pe

[essentialinvestor] 08/6/2021 18:59

Only 27 X FY 2022 earnings, what's not to like, eh )

[justiceforthemany] 08/6/2021 18:44

Yes US cases are literally down to the hundreds per state.
Down 98% from peak
10,000 for the whole of the USA
Have done better than UK as using just Pfizer and Moderna (few % J&J)
Highly effective

US will have a big boom come 4th July
Less than a month to go now!

[essentialinvestor] 08/6/2021 17:16

Nice entry point under £14 on an all things being equal basis.

[spoole5] 08/6/2021 17:14

May retest the 1350 lows.

[its the oxman] 05/6/2021 08:44

Needs to climb through c.1600p to break clear of its downward channel from all time high.

[spoole5] 19/5/2021 08:38

The us is virtually back to normal, where this company does most of its business, yet it still languishes

[spoole5] 10/5/2021 18:27

Taken out the most likely scenario.

[its the oxman] 08/5/2021 22:33

Steady climb back to 2000p as covid recedes, operations pick up , or we get taken out.

[its the oxman] 29/4/2021 16:35

Added today expecting further gains / market catch up , on the back of this well received update.

[spoole5] 29/4/2021 07:45

Looks decent, probably the only covid sensitive stock yet to recover!

[hubshank] 29/4/2021 07:36

Very encouraging trading statement. May well see that target price of £19.85 before too long...

[philanderer] 21/4/2021 19:21

Health care stocks have outperformed, due to a positive read across from US medical devices company Intuitive Surgical, which has sent Smith and Nephew shares to two-month highs,” said CMC Markets analyst Michael Hewson.

ADVFN Marke report.

[timbo_slice] 21/4/2021 15:05

Humongous rally it is then....

[philanderer] 21/4/2021 15:02

Berenberg reiterates buy with a target price of 1,985.0p

[timbo_slice] 19/4/2021 16:21

Must be correctly priced then.... or due a humongous rally....

[spoole5] 19/4/2021 10:27

Everything apart from this seems to be pricing in the reopening of economies, even airlines!

[hubshank] 06/4/2021 20:48

Every little helps! US cracking on with their vaccinations too...

[essentialinvestor] 06/4/2021 14:26

This is a global organisation, UK a relatively small part of revenue.