ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.
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. “
Other equities analysts have also issued reports about the stock. Raymond James Financial raised shares of ProShares UltraShort DJ-UBS Commodity from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Wednesday, January 3rd. Needham & Company LLC reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a research report on Thursday, December 7th.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last announced its quarterly earnings data on Thursday, December 7th. The medical instruments supplier reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The firm had revenue of $212.80 million during the quarter, compared to analyst estimates of $207.72 million. ProShares UltraShort DJ-UBS Commodity had a net margin of 9.02% and a return on equity of 16.70%. ProShares UltraShort DJ-UBS Commodity’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS.
In other news, Chairman Charles M. Diker sold 9,978 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $107.17, for a total transaction of $1,069,342.26. Following the sale, the chairman now owns 3,052,678 shares of the company’s stock, valued at approximately $327,155,501.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Seth M. Yellin sold 1,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $103.58, for a total transaction of $103,580.00. Following the sale, the executive vice president now directly owns 22,856 shares in the company, valued at approximately $2,367,424.48. The disclosure for this sale can be found here. Insiders have sold a total of 61,956 shares of company stock valued at $6,356,835 over the last three months. 14.90% of the stock is currently owned by insiders.
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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.
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