Valeant Pharmaceuticals International, Inc. (VRX) Lifted to “Sell” at Vetr Inc.
Vetr upgraded shares of Valeant Pharmaceuticals International, Inc. (NYSE:VRX) (TSE:VRX) from a strong sell rating to a sell rating in a report released on Friday. The firm currently has $13.68 target price on the specialty pharmaceutical company’s stock.
A number of other research analysts have also issued reports on the company. Royal Bank Of Canada set a $19.00 price target on Valeant Pharmaceuticals International and gave the stock a sector perform rating in a research report on Monday, June 19th. Zacks Investment Research lowered Valeant Pharmaceuticals International from a hold rating to a strong sell rating in a research report on Thursday, July 13th. ValuEngine downgraded Valeant Pharmaceuticals International from a buy rating to a hold rating in a research note on Friday, September 1st. Wells Fargo & Company dropped coverage on Valeant Pharmaceuticals International in a research note on Sunday, July 30th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $23.00 price objective on shares of Valeant Pharmaceuticals International in a research note on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $17.73.
Valeant Pharmaceuticals International (NYSE:VRX) opened at 14.46 on Friday. The firm has a 50-day moving average price of $14.01 and a 200 day moving average price of $13.42. Valeant Pharmaceuticals International has a 52-week low of $8.31 and a 52-week high of $24.30. The stock’s market cap is $5.04 billion.
Valeant Pharmaceuticals International (NYSE:VRX) (TSE:VRX) last announced its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.08. Valeant Pharmaceuticals International had a positive return on equity of 59.89% and a negative net margin of 12.40%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted ($0.88) EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts anticipate that Valeant Pharmaceuticals International will post $3.89 earnings per share for the current year.
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In other news, Director Schutter Richard U. De bought 10,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $14.33 per share, for a total transaction of $143,300.00. Following the completion of the purchase, the director now directly owns 77,479 shares of the company’s stock, valued at approximately $1,110,274.07. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Paulson & CO. Inc. grew its stake in Valeant Pharmaceuticals International by 12.5% in the second quarter. Paulson & CO. Inc. now owns 21,813,400 shares of the specialty pharmaceutical company’s stock valued at $377,372,000 after purchasing an additional 2,428,900 shares in the last quarter. Cetera Investment Advisers purchased a new position in Valeant Pharmaceuticals International in the second quarter valued at about $192,000. Scotia Capital Inc. grew its stake in Valeant Pharmaceuticals International by 12.8% in the second quarter. Scotia Capital Inc. now owns 43,235 shares of the specialty pharmaceutical company’s stock valued at $747,000 after purchasing an additional 4,916 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Valeant Pharmaceuticals International by 85.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 76,792 shares of the specialty pharmaceutical company’s stock valued at $1,329,000 after purchasing an additional 35,378 shares in the last quarter. Finally, Chou Associates Management Inc. grew its stake in Valeant Pharmaceuticals International by 29.7% in the second quarter. Chou Associates Management Inc. now owns 3,053,843 shares of the specialty pharmaceutical company’s stock valued at $53,030,000 after purchasing an additional 700,000 shares in the last quarter. Hedge funds and other institutional investors own 50.48% of the company’s stock.
About Valeant Pharmaceuticals International
Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. The Company is engaged in developing and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices).
To view Vetr’s full report, visit Vetr’s official website.
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