Healthcare New Highs: Johnson & Johnson (NYSE:JNJ), CareFusion Corporation (NYSE:CFN), Covidien (NYSE:COV), Covidien plc (NYSE:COV), Zimmer Holdings (NYSE:ZMH)

Posted by on Apr 07, 2014

Johnson & Johnson (NYSE:JNJ) announced it has entered a multi-year agreement to be the Official Healthcare Partner of the USO. The announcement was made during a ceremony to mark the opening of the USO’s Warrior and Family Center at Bethesda, located on the campus of Naval Support Activity Bethesda, home of Walter Reed National Military Medical Center. “Johnson & Johnson is committed to improving the health and wellness of our servicemen and women and their families, and this unique facility will enable our soldiers to rehabilitate while surrounded by their loved ones,” said Alex Gorsky, Chairman and Chief Executive Officer of Johnson & Johnson. The Warrior and Family Center will serve as a getaway from hospital living for healing heroes being treated at Walter Reed, and their families. Johnson & Johnson (NYSE:JNJ) shares after opening at $98.62 moved to $99.38 on last trade day and at the end of the day closed at $98.42. Company price to sales ratio in past twelve months was calculated as 12.88 and price to cash ratio as 421.86 Johnson & Johnson (NYSE:JNJ) showed a positive weekly performance of 1.01%.

CareFusion Corporation (NYSE:CFN) is a global medical company. The Company has two segments: Medical Systems and Procedural Solutions. The Medical Systems segment includes its equipment businesses, i. e., Infusion Systems, Dispensing Technologies, and Respiratory Technologies. The Procedural Solutions segment is organized around disposable products and reusable surgical instruments. The Procedural Solutions units and their product lines include Infection Prevention, Medical Specialties, and Specialty Disposables. Primary customers include hospitals, ambulatory surgical centers, clinics, long-term care facilities, and U.S. physician offices — although the company also sells to hospitals in some 130 countries. CareFusion was incorporated in 2009 with headquarters in San Diego, California. (Scottrade and Yahoo.Finance.com). CareFusion Corporation (NYSE:CFN) shares fell 0.15% in last trading session and ended the day on $40.67. CareFusion Corporation (NYSE:CFN) return on equity ratio is recorded as 6.80% and its return on assets is 4.30%. CareFusion Corporation (NYSE:CFN) yearly performance is 17.78%.

Covidien PLC (NYSE:COV)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a $77.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 6.12% from the stock’s previous close. Covidien plc (NYSE:COV) shares moved down 0.69% in last trading session and was closed at $72.22, while trading in range of $ 72.19 – 73.77. Covidien plc (NYSE:COV) year to date (YTD) performance is 7.02%.

Zimmer Holdings, Inc. (nyse:ZMH) announced its first quarter 2014 sales and earnings conference call will be broadcast live over the Internet on Thursday, April 24, 2014, at 8:00 a.m. Eastern Time. A news release detailing the quarterly results will be made available at 7:30 a.m. Eastern Time the morning of the conference call. Zimmer Holdings, Inc. (NYSE:ZMH) weekly performance is 3.16%. On last trading day company shares ended up $96.67. Zimmer Holdings, Inc. (NYSE:ZMH) distance from 50-day simple moving average (SMA50) is 2.17%. Analysts mean target Price for the company is $103.08.

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