Stock Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical Announces Launch of OPTIS Mobile System in Europe and Japan

[Business Wire] – St. Jude Medical, Inc. , a global medical device company, today announced the launch of the company’s OPTIS™ Mobile System in Japan and Europe. The diagnostic system is designed to couple state-of-the-art optical coherence tomography and angiography co-registration with fractional flow reserve technology into one portable system for hospitals with multiple catheterization labs. Read more on this. St. Jude Medical Inc. (STJ) , with a current market cap of $14.48B, started trading this morning at $52.33. Shares have traded today between $51.00 and $52.40 per share with a trailing 52-week range being $51.00 to $80.84. STJ shares are currently priced at 12.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 4.68x forward p/e ratio. And for income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 2.27%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $0.89 per share, which would be $0.04 worse than the year-ago quarter and a $0.11 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.98 is a $0.04 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.44 Billion. If realized, that would be a 7.46% increase over the year-ago quarter. In terms of ratings, Wells Fargo downgraded STJ from Outperform to Market Perform (Jan 19, 2016). Previously, Sun Trust Rbsn Humphrey Initiated STJ at to Buy. Investors should keep in mind is that the average price target is $64.38, which is 23.03% above where the stock opened this morning. See more in (NYSE:STJ) Similar Articles: Stock Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical Completes Acquisition of Thoratec Market Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical Announces Leadership Transition Plan Market Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical to Present at the Morgan Stanley Global Healthcare Conference