Jefferies Group LLC began coverage on shares of LivaNova PLC (NASDAQ:LIVN) in a research report released on Friday, Marketbeat.com reports. The firm issued a buy rating and a $76.00 price objective on the stock. Jefferies Group also issued estimates for LivaNova PLC’s Q3 2017 earnings at $0.75 EPS, Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.29 EPS, FY2018 earnings at $3.63 EPS, FY2019 earnings at $4.00 EPS and FY2020 earnings at $4.42 EPS.
Several other brokerages also recently issued reports on LIVN. WBB Securities downgraded shares of LivaNova PLC from a hold rating to a sell rating and set a $50.00 target price for the company. in a research note on Tuesday, August 15th. BidaskClub downgraded shares of LivaNova PLC from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Needham & Company LLC started coverage on shares of LivaNova PLC in a research note on Wednesday, August 23rd. They issued a hold rating for the company. Finally, Berenberg Bank reiterated a buy rating and issued a $70.00 target price on shares of LivaNova PLC in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. LivaNova PLC has an average rating of Hold and a consensus target price of $62.50.
LivaNova PLC (NASDAQ LIVN) opened at 65.55 on Friday. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 117.05 and a beta of 0.58. LivaNova PLC has a 1-year low of $40.83 and a 1-year high of $66.67. The stock has a 50 day moving average price of $61.84 and a 200-day moving average price of $56.97.
LivaNova PLC (NASDAQ:LIVN) last issued its earnings results on Wednesday, August 9th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.19. LivaNova PLC had a net margin of 2.26% and a return on equity of 9.08%. The business had revenue of $321.40 million during the quarter, compared to the consensus estimate of $315.75 million. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that LivaNova PLC will post $3.23 earnings per share for the current year.
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In other LivaNova PLC news, Director Daniel Jeffrey Moore sold 1,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $60.76, for a total value of $60,760.00. Following the transaction, the director now directly owns 58,296 shares of the company’s stock, valued at approximately $3,542,064.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock worth $183,110. Insiders own 0.28% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC raised its holdings in LivaNova PLC by 0.3% in the 1st quarter. Mason Street Advisors LLC now owns 20,484 shares of the company’s stock valued at $1,004,000 after acquiring an additional 64 shares during the period. Louisiana State Employees Retirement System raised its holdings in LivaNova PLC by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $534,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. raised its holdings in LivaNova PLC by 9.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock valued at $105,000 after acquiring an additional 153 shares during the period. Advantus Capital Management Inc raised its holdings in LivaNova PLC by 3.3% in the 1st quarter. Advantus Capital Management Inc now owns 5,551 shares of the company’s stock valued at $272,000 after acquiring an additional 176 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in LivaNova PLC by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,360 shares of the company’s stock valued at $753,000 after acquiring an additional 200 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
LivaNova PLC Company Profile
LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.
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