# ResMed Inc. – Consensus ‘buy’ rating and 22.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/resmed-inc.consensus-buy-rating-and-22.8-upside-potential/4121132289
- Published: 2023-11-09T13:44:26+00:00
- Author: Charlotte Edwards

**ResMed Inc.** which can be found using ticker (RMD) have now 8 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The target price 
High/Low ranges between $220.00 and $165.00 suggesting an average Analsyt target
price of $184.00. Given that the stocks previous close was at $149.78 this now indicates
there is a potential upside of 22.8%. The day 50 moving average is $146.10 and the
200 moving average now moves to $197.08. The company has a market cap of 21.88B.
The current share price for the company is: $148.78 USD

 The potential market cap would be $26,884,230,929 based on the market consensus.

The company has a dividend yield of 2.05%. Other points of data to note are a P/
E ratio of 24.23, revenue per share of $29.78 and a 12.22% return on assets.

ResMed Inc. is a holding company. The Company, through its subsidiaries, is engaged
in the development, manufacturing, distribution and marketing of medical devices
and cloud-based software applications that diagnose, treat and manage respiratory
disorders, including sleep-disordered breathing, chronic obstructive pulmonary disease,
neuromuscular disease and other chronic diseases. It also offers software solutions
for a variety of out-of-hospital care providers. The Company has two segments: Sleep
and Respiratory Care and the Software-as-a-Service. Sleep apnea includes obstructive
sleep apnea and other respiratory disorders that occur during sleep. Its cloud-based
digital health applications, along with its devices, are designed to provide connected
care to improve patient outcomes. The Company’s portfolio of products includes ventilation
devices, diagnostic products, mask systems, headgear and other accessories, dental
devices and cloud-based software informatics solutions.

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