Shares of Patheon NV (NASDAQ:PTHN) have been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.80.

Several equities analysts have weighed in on the company. Leerink Swann assumed coverage on Patheon NV in a report on Thursday, November 10th. They issued an “outperform” rating and a $31.00 price objective for the company. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Patheon NV in a report on Friday, September 9th. William Blair started coverage on Patheon NV in a report on Tuesday, August 23rd. They set an “outperform” rating for the company. Credit Suisse Group AG started coverage on Patheon NV in a report on Tuesday, August 16th. They set a “neutral” rating and a $30.00 price target for the company. Finally, Raymond James Financial Inc. started coverage on Patheon NV in a report on Monday, August 15th. They set an “outperform” rating and a $32.50 price target for the company.

In related news, Director Paul S. Levy purchased 10,000 shares of Patheon NV stock in a transaction on Friday, September 30th. The shares were purchased at an average price of $29.55 per share, for a total transaction of $295,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul S. Levy purchased 15,000 shares of Patheon NV stock in a transaction on Wednesday, September 28th. The stock was bought at an average price of $29.64 per share, for a total transaction of $444,600.00. The disclosure for this purchase can be found here.

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Patheon NV during the third quarter worth approximately $91,321,000. TimesSquare Capital Management LLC bought a new stake in Patheon NV during the third quarter worth approximately $50,137,000. Samlyn Capital LLC bought a new stake in Patheon NV during the third quarter worth approximately $40,553,000. Price T Rowe Associates Inc. MD bought a new stake in Patheon NV during the third quarter worth approximately $39,794,000. Finally, BlackRock Advisors LLC bought a new stake in Patheon NV during the third quarter worth approximately $36,634,000.

Patheon NV (NASDAQ:PTHN) traded up 0.68% during trading on Friday, reaching $26.53. The company’s stock had a trading volume of 100,968 shares. The stock has a market cap of $3.85 billion and a price-to-earnings ratio of 28.56. The firm has a 50 day moving average price of $27.55 and a 200-day moving average price of $27.50. Patheon NV has a 52-week low of $24.11 and a 52-week high of $31.02.

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About Patheon NV

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