Allergan plc (NYSE:AGN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.36% to close at $189.69 with the total traded Boston Scientific Corporation (NYSE:BSX) [Trend Analysis] knocking active thrust in leading trading session, shares surge of of 1.29% to 20.35 with about 10.98 Million shares have changed hands in this session. Boston Scientific Corp. (BSX) decided to purchase certain manufacturing assets and capabilities of the Neovasc Inc., (NVCN) advanced biological tissue business, as well as a 15% equity stake in Neovasc, for a total of $75 million in cash. The Neovasc advanced biological tissue business makes elements used in transcatheter heart valves, comprising the Boston Scientific Lotus Valve System.
Upon completion of the transaction, the Neovasc advanced biological tissue capabilities will be integrated into the Boston Scientific structural heart business for use in the manufacturing of the Lotus valve and future heart valve technologies. The acquisition is predictable to close by year-end 2016, subject to customary closing conditions, and to be immaterial to Boston Scientific eps in 2016 and 2017 on an adjusted and GAAP basis. The stock is going forward its fifty-two week low with 29.87% and lagging behind from its 52-week high price with -17.91%.
Same, the positive performance for the quarter recorded as -16.12% and for the year was 12.80%, while the YTD performance remained at 10.36%. BSX has Average True Range for 14 days of 0.54.
Chicago Bridge & Iron Firm N.V. (NYSE:CBI) [Trend Analysis] retains strong position in active trade, as shares scoring -5.17% to $32.10 in a active trade session, while looking at the shares volume, about 3.66 Million shares have changed hands in this session. CB&I (CBI) reported that it has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia. CB&I before reported an award of the technology license and front-end engineering and design for the delayed coker that will be integrated with the refinery’s existing CB&I fluid catalytic cracking unit and Chevron Lummus Global hydrocracker.
Chevron Lummus Global is a joint venture among CB&I and Chevron. “CB&I is happy to have been selected for this important project following the successful completion of an extensive process planning study for the NIS Pancevo Oil Refinery,” stated Philip K. Asherman, CB&I’s President and Chief Executive Officer. “NIS and CB&I have a history of successful alliance, and we look forward to working with them on this modernization that will provide for the refining of heavy oil residues.” The firm has institutional ownership of 70.90%, while insider ownership included 0.60%. CBI attains analyst recommendation of 2.60 with week’s performance of -4.69%. Investors looking additional ahead will note that the Price to next year’s EPS is -5.91%.
, have reached a settlement regarding their litigation with Zydus Pharma and Cadila Healthcare on a patent in connection with Allergan’s DELZICOL. The ‘180 patent related to DELZICOL will expire on April 13, 2020.
The firm has not revealed additional details regarding the settlement. As a result of the settlement, and if agreed by FDA, Zydus and Cadila may be able to market their generic version of DELZICOL in the U.S. startning on March 1, 2020, or earlier under certain circumstances. The firm has institutional ownership of 88.50%, while insider ownership included 0.10%. Its price to sales ratio ended at 4.79. AGN attains analyst recommendation of 2.00 with week performance of -1.32%.
WEC Energy Group, Inc. (NYSE:WEC) [Trend Analysis] surged reacts as active mover, shares a gain 0.47% to traded at $55.64 and the percentage gap among open changing to regular change was 0.72%. The BOD of WEC Energy Group (WEC) revealed that it is planning to raise the quarterly dividend on the firm’s ordinary stock to 52 cents per share in the first quarter of 2017. This would represent surge of of 2.5 cents per share or 5.1 percent over the current quarterly rate.
The directors expect to declare the new dividend at their regularly planned meeting in January. The dividend, which would be equivalent to an yearly rate of $2.08 per share, is predictable to be payable March 1, 2017, to stockholders of record on Feb. 14, 2017. “The board’s action is consistent with our objective to target a dividend payout ratio of 65 to 70 percent of earnings, a policy in line with our peers across the utility industry,” stated Allen Leverett, president and chief executive officer. The firm’s current ratio calculated as 0.90 for the most recent quarter. The firm past twelve months price to sales ratio was 2.39 and price to cash ratio remained 702.40. As far as the returns are concern, the return on equity was recorded as 10.50% and return on investment was 4.30% while its return on asset stayed at 3.20%. The firm has total debt to equity ratio measured as 1.12.