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Covidien plc (NYSE:COV) was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday.

COV has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of Covidien plc from a “strong-buy” rating to an “outperform” rating in a research note on Friday. They now have a $97.00 price target on the stock. Separately, analysts at Leerink Swann downgraded shares of Covidien plc from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, analysts at Leerink Partners downgraded shares of Covidien plc from an “outperform” rating to a “market perform” rating in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.70.

In other Covidien plc news, Insider Jose E. Almeida unloaded 51,166 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $92.05, for a total value of $4,709,830.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Covidien plc (NYSE:COV) opened at 91.18 on Friday. Covidien plc has a 52-week low of $55.3369 and a 52-week high of $92.68. The stock has a 50-day moving average of $76.40 and a 200-day moving average of $71.30. The company has a market cap of $41.111 billion and a P/E ratio of 26.09.

Covidien plc (NYSE:COV) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Covidien plc will post $3.99 earnings per share for the current fiscal year.

Covidien Public Limited Company is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings.

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