ProShares UltraShort DJ-UBS Commodity (CMD) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) from a buy rating to a hold rating in a research note published on Monday morning.

According to Zacks, “Cantel Medical Corporation is a global company dedicated to delivering innovative infection prevention products and services for patients, caregivers, and other healthcare providers, which improve outcomes and help save lives. Through an expansive portfolio of endoscopy, water purification and filtration, and healthcare disposables, Cantel Medical provides high-quality infection prevention solutions and unsurpassed service, touching millions of patients each year around the world. Cantel Medical is a leading provider of infection prevention products and services in the healthcare market. Cantel Medical specializing in the Endoscopy procedure disposables includes single-use valves and irrigation tubing. Medical device reprocessing systems, disinfectants, detergents and other supplies are used to disinfect high-level endoscopes. “

CMD has been the topic of a number of other research reports. Needham & Company LLC reiterated a hold rating on shares of ProShares UltraShort DJ-UBS Commodity in a research note on Thursday, December 7th. Raymond James Financial upgraded shares of ProShares UltraShort DJ-UBS Commodity from a market perform rating to an outperform rating and set a $115.00 price objective on the stock in a research note on Wednesday, January 3rd.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) opened at $80.17 on Monday. ProShares UltraShort DJ-UBS Commodity has a 12 month low of $37.21 and a 12 month high of $86.30. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26.

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last posted its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $207.72 million. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis.

The firm also recently announced a dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 17th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Tuesday, January 16th.

In related news, insider Seth M. Yellin sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $103.58, for a total transaction of $103,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George L. Fotiades sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $101.09, for a total transaction of $576,213.00. Following the sale, the director now owns 94,366 shares of the company’s stock, valued at $9,539,458.94. The disclosure for this sale can be found here. Insiders have sold 71,956 shares of company stock valued at $7,466,435 over the last 90 days. 14.90% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “ProShares UltraShort DJ-UBS Commodity (CMD) Downgraded by Zacks Investment Research” was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2018/01/18/proshares-ultrashort-dj-ubs-commodity-cmd-downgraded-by-zacks-investment-research.html.

ProShares UltraShort DJ-UBS Commodity Company Profile

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

Get a free copy of the Zacks research report on ProShares UltraShort DJ-UBS Commodity (CMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ProShares UltraShort DJ-UBS Commodity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort DJ-UBS Commodity and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply