Wall Street Places $54.5 Price Target on NuVasive, Inc. (NASDAQ:NUVA)

By Seth Talluto

In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $54.5 for NuVasive, Inc. (NASDAQ:NUVA). This number is the mean estimate from the 10 research brokerages that recently issued reports on the firm.

According to Wall Street, NuVasive, Inc. (NASDAQ:NUVA) is expected to report earnings per share for the current fiscal quarter of $0.21. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2014-12-31 of $0.29.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell, has the equity is ranked 1.67 based on 10 broker recommendations. Of the 10 analyst estimates, the most bullish sees the stock reaching $63 within the next 12 months while the most bearish analyst sees the stock at $45 within the year.

Taking a look at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.09. The high end estimate for this time frame is $1.23 with the low being $0.99. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 12.68%, based on 6 analysts providing projections

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