Patheon NV (NASDAQ:PTHN) – Equities research analysts at KeyCorp dropped their FY2016 earnings per share (EPS) estimates for Patheon NV in a research note issued on Wednesday. KeyCorp analyst M. Mishan now anticipates that the firm will post earnings of $0.80 per share for the year, down from their prior estimate of $0.88. KeyCorp currently has a “Overweight” rating and a $33.00 target price on the stock.

Earnings History and Estimates for Patheon NV (NASDAQ:PTHN)

Several other equities research analysts have also recently commented on PTHN. Leerink Swann began coverage on Patheon NV in a report on Thursday. They issued an “outperform” rating and a $31.00 price target for the company. Jefferies Group reaffirmed a “buy” rating and issued a $33.00 price target on shares of Patheon NV in a report on Friday, September 9th. Evercore ISI began coverage on Patheon NV in a report on Monday, August 15th. They issued a “buy” rating and a $33.00 price target for the company. Morgan Stanley assumed coverage on Patheon NV in a report on Monday, August 15th. They issued an “overweight” rating and a $31.00 price target for the company. Finally, William Blair assumed coverage on Patheon NV in a research note on Monday, August 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Patheon NV presently has an average rating of “Buy” and a consensus target price of $31.80.

Patheon NV (NASDAQ:PTHN) opened at 27.71 on Friday. The stock has a market cap of $4.02 billion and a PE ratio of 29.83. The company’s 50-day moving average price is $27.98 and its 200-day moving average price is $27.48. Patheon NV has a 12-month low of $24.11 and a 12-month high of $31.02.

In other news, Director Paul S. Levy purchased 10,000 shares of the stock in a transaction dated Friday, September 30th. The stock was acquired at an average cost of $29.55 per share, for a total transaction of $295,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Levy purchased 37,000 shares of the stock in a transaction dated Monday, September 12th. The shares were purchased at an average price of $28.01 per share, with a total value of $1,036,370.00. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Patheon NV during the third quarter valued at approximately $91,321,000. TimesSquare Capital Management LLC bought a new position in Patheon NV during the third quarter worth about $50,137,000. BlackRock Advisors LLC bought a new position in Patheon NV during the third quarter worth about $36,634,000. Citadel Advisors LLC bought a new position in Patheon NV during the third quarter worth about $31,226,000. Finally, Acadian Asset Management LLC bought a new position in Patheon NV during the third quarter worth about $24,294,000.

5 Day Chart for NASDAQ:PTHN

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