Market Update (NYSE:STJ): Ryan & Maniskas, LLP Announces Investigation of St. Jude Medical Inc.

[PR Newswire] – WAYNE, Pa., April 29, 2016 /PRNewswire/ — Ryan & Maniskas, LLP is investigating potential claims against the board of directors of St. Jude Medical Inc. (“St. Jude Medical” or the “Company”) … Read more on this. St. Jude Medical Inc. (STJ) , with a current market cap of $21.74B, opened at $77.45. Looking at today’s trading action, the company’s one day range from $76.63 to $77.47 and has traded between $48.83 and $80.84 over the past year. Priced at 19.16x this year’s forecasted earnings, STJ shares are relatively expensive compared to the industry’s 4.45x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.24 per share annually in dividends, yielding 2.06%. According to a consensus of 20 analysts, the earnings estimate of $1.06 per share would be $0.03 better than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $4.06 which would be a $0.12 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.55 Billion. If reported, that would be a 9.93% increase over the year-ago quarter. Recently, Needham downgraded STJ from Buy to Hold (Apr 29, 2016). Previously, Piper Jaffray downgraded STJ from Overweight to Neutral. The average price target for STJ shares by the analysts covering it is $68.47, which is 11.59% below where the stock opened. See more in (NYSE:STJ) Similar Articles: Company Update (NYSE:STJ): St. Jude Medical (STJ) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of St. Jude Medical, Inc.; Are Shareholders Getting a Fair Price? Company Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical Announces the European Launch of the Trifecta Surgical Valve with Glide Technology to Improve Options for Patients in Need of Aortic Valve Replacement Stock Update: St. Jude Medical Inc (NYSE:STJ) – St. Jude Medical Announces Launch of OPTIS Mobile System in Europe and Japan