VWR Corporation (VWR) Downgraded by BidaskClub
BidaskClub cut shares of VWR Corporation (NASDAQ:VWR) from a sell rating to a strong sell rating in a report published on Saturday morning.
A number of other equities research analysts have also recently weighed in on the company. William Blair cut VWR Corporation from an outperform rating to a market perform rating in a research note on Monday, May 15th. Zacks Investment Research cut VWR Corporation from a buy rating to a hold rating in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $30.50.
Shares of VWR Corporation (NASDAQ VWR) opened at 33.11 on Friday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 30.66 and a beta of 1.19. VWR Corporation has a 52-week low of $24.42 and a 52-week high of $37.25. The firm’s 50 day moving average is $33.00 and its 200 day moving average is $30.97.
VWR Corporation (NASDAQ:VWR) last issued its quarterly earnings data on Monday, July 31st. The medical research company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. VWR Corporation had a return on equity of 15.54% and a net margin of 3.12%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts expect that VWR Corporation will post $1.87 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in VWR. FNY Managed Accounts LLC purchased a new stake in shares of VWR Corporation during the first quarter worth approximately $100,000. First Mercantile Trust Co. raised its stake in shares of VWR Corporation by 195.2% during the first quarter. First Mercantile Trust Co. now owns 6,200 shares of the medical research company’s stock worth $175,000 after purchasing an additional 4,100 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of VWR Corporation during the first quarter worth approximately $205,000. Neuberger Berman Group LLC purchased a new stake in shares of VWR Corporation during the first quarter worth approximately $219,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of VWR Corporation by 954.2% during the first quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the medical research company’s stock worth $238,000 after purchasing an additional 7,653 shares during the last quarter.
About VWR Corporation
VWR Corporation is a provider of product and service solutions to laboratory and production customers. The Company offers a portfolio of branded and private label laboratory products, services and solutions to the life science, general research and applied markets. The Company operates in two segments: Americas and EMEA-APAC.
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