West Pharmaceutical Services, Inc. (WST) Receives $107.00 Consensus Target Price from Analysts
West Pharmaceutical Services, Inc. (NYSE:WST) has earned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $107.00.
A number of brokerages have recently issued reports on WST. Stephens began coverage on West Pharmaceutical Services in a research report on Tuesday. They set an “equal weight” rating and a $99.00 target price on the stock. Zacks Investment Research upgraded West Pharmaceutical Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Jefferies Group LLC upgraded West Pharmaceutical Services from a “hold” rating to a “buy” rating and increased their target price for the company from $96.00 to $115.00 in a research report on Friday, September 15th. Finally, BidaskClub lowered West Pharmaceutical Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd.
Hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC purchased a new position in West Pharmaceutical Services in the 2nd quarter valued at $113,000. Citigroup Inc. lifted its holdings in West Pharmaceutical Services by 95.1% in the 2nd quarter. Citigroup Inc. now owns 1,569 shares of the medical instruments supplier’s stock valued at $148,000 after purchasing an additional 765 shares in the last quarter. Wolverine Trading LLC purchased a new position in West Pharmaceutical Services in the 2nd quarter valued at $200,000. Nomura Holdings Inc. purchased a new position in West Pharmaceutical Services in the 2nd quarter valued at $201,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in West Pharmaceutical Services in the 2nd quarter valued at $212,000. Institutional investors own 90.57% of the company’s stock.
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West Pharmaceutical Services (NYSE:WST) traded up 0.97% during trading on Tuesday, hitting $95.76. 107,271 shares of the stock traded hands. The stock has a 50 day moving average price of $90.88 and a 200-day moving average price of $90.62. The stock has a market cap of $7.09 billion, a P/E ratio of 41.10 and a beta of 1.12. West Pharmaceutical Services has a 52-week low of $70.17 and a 52-week high of $99.91.
West Pharmaceutical Services (NYSE:WST) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. West Pharmaceutical Services had a return on equity of 14.02% and a net margin of 11.42%. The firm had revenue of $397.60 million for the quarter, compared to analyst estimates of $406.00 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that West Pharmaceutical Services will post $2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 18th will be given a dividend of $0.14 per share. This is a positive change from West Pharmaceutical Services’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.59%. West Pharmaceutical Services’s dividend payout ratio (DPR) is 22.22%.
West Pharmaceutical Services Company Profile
West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.
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