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Research Reports Initiation on Medical Equipment Stocks -- Edwards Lifesciences, Hologic, and Stryker

Wednesday, May 3, 2017 Medical Gadgets
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NEW YORK, May 3, 2017 /PRNewswire/ --
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Stock-Callers.com takes a closer look at these Medical Appliances and Equipment stocks for today: Edwards Lifesciences Corp. (NYSE: EW), Hologic Inc. (NASDAQ: HOLX), and Stryker Corp. (NYSE: SYK). These companies operate in the Healthcare sector, which has received an "Outperform" rating from Charles Schwab on April 27th, 2017 due to solid balance sheets, attractive dividend yields, an improved overall cost structure, and rising demand for sector products and services. Learn more about these stocks by downloading their free report at:
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Edwards Lifesciences  

On Tuesday, shares in Irvine, California headquartered Edwards Lifesciences Corp. ended the session 0.19% higher at $110.11 with a total volume of 1.42 million shares traded. The Company's shares have gained 17.05% in the last one month, 14.41% over the previous three months, and 17.51% on an YTD basis. The stock is trading 15.56% above its 50-day moving average and 8.98% above its 200-day moving average. Moreover, shares of Edwards Lifesciences, which provides products and technologies to treat structural heart disease and critically ill patients worldwide, have a Relative Strength Index (RSI) of 83.68.

On April 26th, 2017, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $114 a share to $118 a share.

On April 27th, 2017, Edwards Lifesciences announced that it is scheduled to present at the Deutsche Bank 42nd Annual Health Care Conference at The InterContinental Hotel in Boston, MA on Wednesday, May 03rd, 2017. Scott B. Ullem, CFO, is scheduled to speak to conference attendees at 10:40 a.m. ET. A live webcast of the presentation will be available on the Company's investor relations website. The free research report on EW is available at:

http://stock-callers.com/registration/?symbol=EW

Hologic  

Marlborough, Massachusetts headquartered Hologic Inc.'s stock closed the day 0.13% lower at $45.30 with a total trading volume of 1.82 million shares. The Company's shares have advanced 6.46% in the past month, 11.77% in the previous three months, and 12.91% since the start of this year. The stock is trading 6.99% and 14.37% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Hologic, which develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the US, Europe, the Asia-Pacific, and internationally, have an RSI of 77.10.

On April 04th, 2017, Hologic announced that it plans to release its financial results for Q2 FY17 on Wednesday, May 10th, 2017, after the market closes. In conjunction with the release, management will host a conference call that day at 4:30 p.m. ET. The live webcast of the call may be accessed on the Company's website.

On April 04th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $46 a share to $50 a share. The complimentary report on HOLX can be downloaded at:

http://stock-callers.com/registration/?symbol=HOLX

Stryker  

Kalamazoo, Michigan headquartered Stryker Corp.'s stock finished Tuesday's session 0.29% higher at $136.17. A total volume of 1.27 million shares was traded, which was above their three months average volume of 1.10 million shares. The Company's shares have advanced 3.43% in the last one month, 10.59% over the previous three months, and 14.02% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.83% and 13.67%, respectively. Additionally, shares of Stryker, which together with its subsidiaries, operates as a medical technology company, have an RSI of 70.15.

On April 25th, 2017, Stryker reported operating results for Q1 2017. Net sales grew 18.4% to $2.96 billion; reported net earnings per diluted share increased 9.3% to $1.17; and adjusted net earnings per diluted share increased 19.4% to $1.48. In addition, consolidated net sales of $2.96 billion increased 18.4% in the quarter, as reported, and 18.8% in constant currency. 

On April 26th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $135 a share to $140 a share. Get free access to your technical report on SYK at:

http://stock-callers.com/registration/?symbol=SYK

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