This week, Thompson Reuters placed a price target of $75.29 on St. Jude Medical (NYSE: STJ).
The price to earnings ratio is taken into consideration in order to estimate the company valuation, as the stock’s latest price over the earnings per share. The P/E ratio stands at 32.34.
As for the price vs. earnings growth ratio, which includes the stock’s valuation measured against the earnings growth potential, St. Jude Medical is evaluated at 1.93 at the next incoming years.
The company has a share value of $64.30 on a 200 days basis analysis. On the other hand, the 52-week high came at $81.21, and the 52-week low came at 48.83.
In terms of volatility, St. Jude Medical was this week at 0.68% and 0.84% when analyzed on a month average.
The return of investment for the company is at 9.30%, while the return on assets reaches a level of 6.10%. The growth in sales had been evaluated at 7.70% for the last quarter in comparison to the previous four months.
Wall Street brokerage firms value St. Jude Medical at a level of 2.90 on a scale from 1 to 5. On this scale, a level of 1 or 2 would indicate a recommendation to buy, and a level of 4 or 5 would be a recommendation to sell. As for a level of 3, the recommendation would be to hold.
At this moment, St. Jude Medical and Abbott Laboratories are requesting the approval for a merger from the Federal Trade Commission.
Abbott Laboratories declared at the end of April that the acquisition would cost the company $30.7 billion. The deal will be secured by the end of the year.
The merger is supported by the fact that the medical devices that are developed by St. Jude Medical are compatible with Abbott’s line of products, out of which the latest is the dissolving coronary stents which are supposed to meet a huge market success and just received the FDA approval.
Over the time, St. Jude Medical has developed heart-failure devices, cardiac rhythm technology, and atrial fibrillation products.
Abbott declared that they are not expecting other competitive offers, as the merger is thought as a strategic move that would bring a long-term benefit for the activities of both companies.
On Friday, the St. Jude Medical shares went down with 0.28% to $80.50, while Abbott shares fell 0.38% and were traded at $42.12.
The stock exchange experts think that St. Jude Medical will report adjusted earnings per share of $1.06 on revenue of $1.55 billion.
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