Stock of the Day

July 5, 2022

Haemonetics (HAE)

$121.64
+$0.53 (+0.4%)
Market Cap: $5.51B

About Haemonetics

Haemonetics Corporation, a healthcare company, provides suite of medical products and solutions in the United States and internationally. The company offers automated plasma collection systems, donor management software, and supporting software solutions including NexSys PCS and PCS2 plasmapheresis equipment and related disposables and solutions, as well as integrated information technology platforms for plasma customers to manage their donors, operations, and supply chain; and NexLynk DMS donor management system and Donor360 app. It also provides automated blood component and manual whole blood collection systems, such as MCS brand apheresis equipment to collect specific blood components from the donor; disposable whole blood collection and component storage sets; SafeTrace Tx blood bank information system; and BloodTrack blood management software, a suite of blood management and bedside transfusion solutions that combines software with hardware components, as well as an extension of the hospital's blood bank information system. In addition, the company offers hospital products comprising TEG and HAS hemostasis analyzer systems that provide a comprehensive assessment of a patient's overall hemostasis; and TEG Manager software, which connects various TEG analyzers throughout the hospital, providing clinicians remote access to active and historical test results that inform treatment decisions. Further, it provides Cell Saver Elite +, an autologous blood recovery system for cardiovascular, orthopedic, trauma, transplant, vascular, obstetrical, and gynecological surgeries; and VASCADE products comprising VASCADE and VASCADE MVP, a technology platform which offers catheter-based delivery system and leverages the natural clot-inducing properties of collagen. The company sells its products through direct sales force, independent distributors, and sales representatives. Haemonetics Corporation was founded in 1971 and is headquartered in Boston, Massachusetts.

Today's Trend

Haemonetics Corporation (NYSE: HAE) shares have increased sharply after CSL Plasma expanded its planned use of Haemonetics’ plasma-collection technology across its U.S. network. The announcement improves the company’s longer-term revenue outlook, although valuation concerns and mixed analyst commentary may be limiting further gains.

  • CSL rollout expands the addressable opportunity: CSL Plasma plans to deploy Haemonetics’ NexSys PCS devices, Persona PLUS technology and related disposables across more than 300 existing U.S. plasma centers, with completion targeted by the end of 2027. Investors view the broader deployment as a potential source of recurring equipment and consumables revenue. Haemonetics Soars 12% on CSL Update
  • Analysts raise their expectations: Barrington increased its price target to $140 from $118 while maintaining an Outperform rating. BTIG also previously lifted its target to $130, reinforcing the view that the CSL agreement could support future growth. Barrington Adjusts Price Target on Haemonetics
  • Operating performance remains supportive: Recent company updates cited fiscal fourth-quarter revenue of $346.4 million, adjusted EPS of $1.29, organic revenue growth and fiscal 2027 guidance for reported revenue growth of 4% to 7%. A $100 million share repurchase also supported investor sentiment. Haemonetics jumps after strong Q4 results
  • Momentum has pushed the stock near record levels: Haemonetics reached a new 52-week high following the CSL announcement. The move increases visibility but also raises the bar for further earnings and contract-related upside. Haemonetics Stock Hits 52-Week High
  • Valuation concerns remain: A Seeking Alpha analysis downgraded Haemonetics, arguing that the CSL agreement improves the outlook but does not provide an attractive entry point after the recent rally. Zacks likewise cautioned that recent earnings-estimate revisions may not support continued near-term momentum. Haemonetics: CSL Improves the Outlook, Not the Entry Point

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