LivaNova PLC (LIVN) Price Target Increased to $93.00 by Analysts at Needham & Company LLC

LivaNova PLC (NASDAQ:LIVN) had its price objective raised by Needham & Company LLC to $93.00 in a research report sent to investors on Tuesday morning. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on LIVN. Piper Jaffray Companies restated an overweight rating and set a $75.00 target price on shares of LivaNova PLC in a research report on Tuesday, September 12th. Jefferies Group LLC initiated coverage on shares of LivaNova PLC in a research report on Friday, September 8th. They set a buy rating and a $76.00 target price for the company. ValuEngine upgraded shares of LivaNova PLC from a hold rating to a buy rating in a research report on Thursday, November 2nd. BidaskClub cut shares of LivaNova PLC from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of LivaNova PLC from a hold rating to a buy rating and set a $89.00 target price for the company in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. LivaNova PLC presently has an average rating of Buy and an average target price of $79.14.

Shares of LivaNova PLC (NASDAQ LIVN) opened at $85.78 on Tuesday. The firm has a market cap of $4,068.09, a PE ratio of 24.32, a PEG ratio of 2.53 and a beta of 0.52. The company has a quick ratio of 1.42, a current ratio of 2.03 and a debt-to-equity ratio of 0.04. LivaNova PLC has a fifty-two week low of $42.97 and a fifty-two week high of $85.84.

LivaNova PLC (NASDAQ:LIVN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.17. LivaNova PLC had a net margin of 4.63% and a return on equity of 9.33%. The firm had revenue of $309.70 million during the quarter, compared to analysts’ expectations of $301.22 million. During the same quarter last year, the business earned $0.78 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts expect that LivaNova PLC will post 3.33 EPS for the current year.

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In other LivaNova PLC news, Director Daniel Jeffrey Moore sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $81.39, for a total transaction of $81,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $224,520. 0.28% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in shares of LivaNova PLC by 9.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock worth $105,000 after purchasing an additional 153 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of LivaNova PLC by 0.8% during the second quarter. Texas Permanent School Fund now owns 31,658 shares of the company’s stock worth $1,938,000 after purchasing an additional 265 shares in the last quarter. State Treasurer State of Michigan lifted its position in shares of LivaNova PLC by 1.7% during the second quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock worth $1,096,000 after purchasing an additional 300 shares in the last quarter. Arizona State Retirement System lifted its position in shares of LivaNova PLC by 1.7% during the second quarter. Arizona State Retirement System now owns 18,300 shares of the company’s stock worth $1,120,000 after purchasing an additional 300 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of LivaNova PLC by 3.7% during the second quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the company’s stock worth $692,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 81.82% of the company’s stock.

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.

Analyst Recommendations for LivaNova PLC (NASDAQ:LIVN)

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