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RMD $177.61

RMD target price
177.61
0
280
ResMed
Type
Public
Traded as
  • NYSE: RMD
  • S&P 500 component
Industry Medical
Founded 1989
Founder Peter C. Farrell
(Founder and Chairman)
Headquarters San Diego, California
Key people
Michael "Mick" Farrell
(CEO)
Robert Douglas
(President and COO)
Products Medical equipment for sleep-disordered breathing and other respiratory disorders
Website resmed.com

ResMed is a global manufacturer of CPAP masks, machines and other products that diagnose, treat or help manage sleep-disordered breathing (particularly sleep apnea), chronic obstructive pulmonary disease (COPD), or other respiratory conditions. For the general public, the company offers a non-contact sleep monitor, the S+ by ResMed, currently available in the US.

ResMed employs about 5,000 employees worldwide, operates in 100 countries and has manufacturing facilities in Australia, France, Singapore and the US. It achieved revenues of $1.7 billion USD in fiscal year 2014–15.

As part of its mission, ResMed seeks to spread awareness of the prevalence of sleep-disordered breathing (SDB) and its major manifestation, obstructive sleep apnea (OSA), since more than 80% of cases are believed to be undiagnosed. More than 70% of people with obesity, heart failure, type 2 diabetes, and drug-resistant hypertension have some form of sleep-disordered breathing.

In 1980, Professor Colin Sullivan invented the first continuous positive airway pressure (CPAP) machine, regarded today as the “gold standard” in sleep apnea treatment. ResMed launched in 1989 when founder Peter Farrell sought to expand the general public’s access to CPAP treatment. The company was founded in Australia in 1989, but relocated to San Diego in 1990. In addition to CPAP machines and masks, the company has since grown to produce CPAP humidifiers, heated tubes and other accessories, as well as diagnostic tools, hospital CPAP machines and life support ventilators. It has also expanded into healthcare informatics, with software solutions that enable patients and medical professionals to wirelessly monitor sleep data.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2023 2022-10-26 Future report Set alerts
Q4 2022 2022-08-11 1.49 1.49
Q3 2022 2022-04-28 1.32 1.32
Q2 2022 2022-01-27 1.47 1.47
Q1 2022 2021-10-28 1.51 1.51
Q4 2021 2021-08-05 1.35 1.35
Q3 2021 2021-04-29 1.30 1.30
Q2 2021 2021-01-28 1.41 1.41
Q1 2021 2020-10-29 1.27 1.27
Q4 2020 2020-08-05 1.33 1.33

Ratings

2016-07-10 Reiterated Rating Bank of America Corp. Hold $65.00
2016-06-27 Downgrade Needham & Company LLC Hold to Underperform
2016-04-27 Reiterated Rating BMO Capital Markets Hold
2016-04-27 Reiterated Rating Canaccord Genuity Hold
2016-04-27 Reiterated Rating Needham & Company LLC Hold
2016-04-27 Upgrade Macquarie Underperform to Neutral
2016-04-27 Upgrade Citigroup Inc. Neutral to Buy
2016-04-27 Downgrade Piper Jaffray Overweight to Neutral $65.00 to $57.00
2016-04-27 Downgrade Piper Jaffray Cos. Overweight to Neutral $65.00 to $57.00
2016-04-07 Initiated Coverage Barclays Underweight $55.00
2016-04-07 Initiated Coverage Barclays PLC Underweight $55.00
2016-02-29 Reiterated Rating Needham & Company LLC Hold
2016-02-23 Reiterated Rating Needham & Company LLC Hold
2016-02-23 Reiterated Rating Canaccord Genuity Hold $54.00 to $56.50
2016-02-23 Reiterated Rating Barclays Underweight
2016-01-22 Upgrade Credit Suisse Neutral to Outperform
2016-01-22 Upgrade Credit Suisse Group AG Neutral to Outperform
2016-01-19 Downgrade Barclays Equal Weight to Underweight $61.00 to $52.00
2015-12-17 Downgrade Needham & Company LLC Buy to Hold
2015-10-23 Reiterated Rating Canaccord Genuity Hold $54.00
2015-10-23 Reiterated Rating Needham & Company LLC Buy $66.00
2015-10-09 Lower Price Target BMO Capital Markets $60.00 to $57.00
2015-10-06 Upgrade Deutsche Bank Sell to Hold $53.00 to $56.00
2015-10-06 Upgrade Deutsche Bank AG Sell to Hold $53.00 to $56.00
2015-09-24 Upgrade Goldman Sachs Neutral to Conviction-Buy
2015-09-24 Upgrade Goldman Sachs Group Inc. Neutral to Conviction-Buy
2015-08-26 Reiterated Rating Needham & Company LLC Buy $83.00
2015-08-16 Reiterated Rating Needham & Company LLC Buy $66.00
2015-08-02 Reiterated Rating Needham & Company LLC Buy $65.00 to $66.00
2015-07-31 Reiterated Rating Canaccord Genuity Hold $54.00
2015-07-31 Upgrade Morgan Stanley Equal Weight to Overweight
2015-07-31 Downgrade Deutsche Bank Hold to Sell $61.00 to $53.00
2015-07-13 Downgrade Macquarie Neutral to Underperform
2015-06-25 Initiated Coverage Barclays Equal Weight $61.00
2015-06-08 Reiterated Rating Piper Jaffray Overweight $80.00
2015-06-08 Reiterated Rating Needham & Company LLC Buy $65.00
2015-05-14 Set Price Target Jefferies Group Hold $65.00 to $52.00
2015-05-14 Lower Price Target Needham & Company LLC Buy $77.00 to $65.00
2015-05-14 Reiterated Rating Canaccord Genuity Hold $54.00
2015-05-13 Downgrade Bank of America Buy to Neutral
2015-05-13 Downgrade Bank of America Corp. Buy to Neutral
2015-04-27 Downgrade Goldman Sachs Buy to Neutral
2015-04-26 Reiterated Rating Canaccord Genuity Hold $54.00
2015-04-24 Boost Price Target BMO Capital Markets Market Perform $60.00 to $66.00
2015-04-24 Downgrade Macquarie Outperform to Neutral
2015-04-07 Upgrade Credit Suisse Neutral to Outperform
2015-03-25 Boost Price Target Jefferies Group Hold $52.00 to $65.00
2015-01-27 Boost Price Target Northland Securities Hold to Under Perform $40.00 to $44.00
2015-01-23 Boost Price Target Canaccord Genuity Hold $42.00 to $50.00
2015-01-23 Upgrade Needham & Company LLC Hold to Buy $77.00
2014-11-18 Boost Price Target Morgan Stanley Equal Weight $49.57 to $52.39
2014-10-24 Reiterated Rating Morgan Stanley Equal Weight $46.19 to $49.57
2014-10-24 Upgrade William Blair Market Perform to Outperform
2014-08-01 Lower Price Target Piper Jaffray $55.00 to $53.00
2014-08-01 Lower Price Target Canaccord Genuity $43.00 to $39.00
2014-08-01 Reiterated Rating Jefferies Group Hold $40.00 to $42.00
2014-07-03 Downgrade Deutsche Bank Buy to Hold $52.00
2014-06-10 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2014-05-27 Downgrade Northland Securities Market Perform to Underperform $40.00
2014-04-24 Upgrade Deutsche Bank Hold to Buy $52.00
2014-04-24 Reiterated Rating Morgan Stanley Equal Weight $46.08
2014-02-28 Upgrade Macquarie Neutral to Outperform
2014-02-28 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2014-01-28 Downgrade Morgan Stanley Overweight to Equal Weight
2014-01-27 Downgrade CIMB Outperform to Hold
2014-01-24 Lower Price Target Canaccord Genuity Hold $49.00 to $43.00
2014-01-24 Downgrade William Blair Outperform to Market Perform
2014-01-24 Lower Price Target Jefferies Group $46.00 to $40.00
2014-01-24 Lower Price Target BMO Capital Markets $47.00 to $43.00
2014-01-17 Downgrade Macquarie Outperform to Neutral
2013-10-25 Boost Price Target Jefferies Group Hold $40.00 to $46.00
2013-10-25 Downgrade Deutsche Bank Buy to Hold $58.00 to $54.00
2013-10-09 Boost Price Target Piper Jaffray $54.00 to $59.00
2013-10-08 Initiated Coverage Northland Securities Market Perform $44.00
2013-10-07 Initiated Coverage Northland Securities Market Perform
2013-09-23 Upgrade Goldman Sachs Buy
2013-01-25 Reiterated Mizuho Neutral $41 to $45
2012-10-22 Reiterated Mizuho Neutral $33 to $39
2012-07-19 Downgrade Feltl & Co. Buy to Hold $38 to $35.75
2012-04-27 Upgrade Feltl & Co. Hold to Buy $38
2012-04-27 Reiterated Mizuho Neutral $28 to $32
2012-03-28 Downgrade Feltl & Co. Buy to Hold
2012-01-17 Downgrade Feltl & Co. Strong Buy to Buy $35 to $33.15
2011-12-20 Upgrade Feltl & Co. Buy to Strong Buy $39.10 to $35
2011-06-30 Initiated Feltl & Co. Strong Buy $40.40
2010-02-05 Upgrade Wells Fargo Underperform to Market Perform
2016-07-10 Reiterated Rating Bank of America Corp. Hold $65.00
2016-06-27 Downgrade Needham & Company LLC Hold to Underperform
2016-04-27 Reiterated Rating BMO Capital Markets Hold
2016-04-27 Reiterated Rating Canaccord Genuity Hold
2016-04-27 Reiterated Rating Needham & Company LLC Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
QUINN MICHAEL A 0.20%  (287000) RMD /
FARRELL PETER C 0.17%  (240896) NUVA / RMD /
Farrell Michael J. Chief Executive Officer 0.16%  (224395) RMD / ZMH /
ROBERTS CHRISTOPHER G 0.16%  (224337) RMD /
Douglas Robert Andrew President and COO ResMed Inc. 0.08%  (110063) RMD /
PACE GARY W 0.07%  (100578) PCRX / RMD /
PENDARVIS DAVID Chief Administrative Officer 0.07%  (99106) RMD / SQNM /
Reiser Anne President - ResMed Europe 0.06%  (90711) RMD /
Sandercock Brett Chief Financial Officer 0.05%  (71072) RMD /
Hollingshead James President, Americas 0.04%  (61261) RMD /
Sodhi Rajwant President, SaaS Business 0.02%  (25090) RMD /
TAYLOR RONALD R 0.02%  (21751) ACT / RLH / RMD /
Burt Carol 0.02%  (21640) EVHC / RMD / WCG /
McHale Richard President, RC Business 0.01%  (14204) RMD /
Darkin Donald Pres. SDB SBU 0.01%  (13684) RMD /
WAREHAM JOHN P 0.01%  (13000) RMD / STE /
SULPIZIO RICHARD 0.01%  (7420) CA / RMD /