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Article: Covidien Limited - Value - Zacks Rank Buy
- Article from:
- Zacks Investment Research - Value - Zacks Rank Buy
- Article date:
- October 16, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Covidien Limited - Value - Zacks Rank Buy
Covidien Limited
(
COV
) has surprised on estimates 3 out of the last 4 quarters. The company also recently raised its dividend. Covidien is trading at 13.6x forward earnings.
Company Description
Covidien manufactures medical devices, medical supplies and imaging solutions. It has pioneered the use of contrast media, electrosurgery, surgical stapling and laparoscopic instrumentation.
It has 16 manufacturing facilities in 16 countries and sales representatives in 50 countries worldwide. 45% of its sales are outside the United States.
Covidien Raised Its Dividend
On Sep 25, Covidien joined the rare club of companies ...