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Covidien plc (NYSE:COV) has earned an average recommendation of “Hold” from the twenty brokerages that are presently covering the company, Stock Ratings Network.com reports. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.54.

Covidien plc (NYSE:COV) traded down 0.03% during mid-day trading on Monday, hitting $88.23. 727,638 shares of the company’s stock traded hands. Covidien plc has a 52-week low of $59.17 and a 52-week high of $92.68. The stock’s 50-day moving average is $87.95 and its 200-day moving average is $77.25. The company has a market cap of $39.858 billion and a price-to-earnings ratio of 26.62.

Covidien plc (NYSE:COV) last released its earnings data on Friday, July 25th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter last year, the company posted $0.91 earnings per share. Covidien plc’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Covidien plc will post $4.02 EPS for the current fiscal year.

A number of research firms have recently commented on COV. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Covidien plc in a research note on Monday, July 28th. They now have a $101.00 price target on the stock, up previously from $81.00. Separately, analysts at Leerink Swann raised their price target on shares of Covidien plc from $93.00 to $95.00 in a research note on Monday, July 28th. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Covidien plc from $71.00 to $95.00 in a research note on Monday, July 28th.

In other Covidien plc news, VP Coleman N. Lannum III bought 1,720 shares of Covidien plc stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $87.82 per share, for a total transaction of $151,050.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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