United Therapeutics Corporation (UTHR) Receives Consensus Recommendation of “Hold” from Brokerages
United Therapeutics Corporation (NASDAQ:UTHR) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $127.80.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered United Therapeutics Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 3rd. TheStreet lowered United Therapeutics Corporation from a “b-” rating to a “c” rating in a report on Friday, September 29th. ValuEngine raised United Therapeutics Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “sell” rating and set a $105.00 target price on shares of United Therapeutics Corporation in a report on Friday, July 14th. Finally, BidaskClub lowered United Therapeutics Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st.
In other United Therapeutics Corporation news, Director Christopher Causey sold 580 shares of United Therapeutics Corporation stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $134.48, for a total transaction of $77,998.40. Following the transaction, the director now owns 3,295 shares of the company’s stock, valued at approximately $443,111.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Martine A. Rothblatt sold 1,236 shares of United Therapeutics Corporation stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $131.62, for a total value of $162,682.32. Following the transaction, the chief executive officer now directly owns 1,376 shares in the company, valued at approximately $181,109.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,298 shares of company stock worth $2,322,339. Company insiders own 7.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new position in United Therapeutics Corporation during the 2nd quarter valued at about $285,000. Ameritas Investment Partners Inc. grew its stake in United Therapeutics Corporation by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,485 shares of the biotechnology company’s stock valued at $1,749,000 after acquiring an additional 231 shares in the last quarter. Nomura Holdings Inc. purchased a new position in United Therapeutics Corporation during the 2nd quarter valued at about $403,000. The Manufacturers Life Insurance Company grew its stake in United Therapeutics Corporation by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,372 shares of the biotechnology company’s stock valued at $8,611,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Caxton Associates LP grew its stake in United Therapeutics Corporation by 27.3% during the 2nd quarter. Caxton Associates LP now owns 2,800 shares of the biotechnology company’s stock valued at $363,000 after acquiring an additional 600 shares in the last quarter.
Shares of United Therapeutics Corporation (UTHR) traded down 1.13% during midday trading on Wednesday, reaching $120.15. 672,869 shares of the company were exchanged. United Therapeutics Corporation has a 52-week low of $110.90 and a 52-week high of $169.89. The company has a market capitalization of $5.22 billion, a PE ratio of 13.93 and a beta of 1.49. The firm’s 50 day moving average is $124.03 and its 200-day moving average is $126.49.
United Therapeutics Corporation (NASDAQ:UTHR) last released its earnings results on Thursday, July 27th. The biotechnology company reported ($1.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.61 by ($4.86). The firm had revenue of $444.60 million for the quarter, compared to analyst estimates of $391.53 million. United Therapeutics Corporation had a return on equity of 20.96% and a net margin of 24.18%. United Therapeutics Corporation’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.42 earnings per share. On average, equities analysts forecast that United Therapeutics Corporation will post $10.60 earnings per share for the current fiscal year.
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About United Therapeutics Corporation
United Therapeutics Corporation is a biotechnology company. The Company is focused on the development and commercialization of products for the treatment of chronic and life-threatening conditions. The Company markets and sells four commercial therapies in the United States to treat pulmonary arterial hypertension (PAH): Remodulin (treprostinil) Injection; Tyvaso (treprostinil) Inhalation Solution (Tyvaso); Orenitram (treprostinil) Extended-Release Tablets (Orenitram); and Adcirca (tadalafil) Tablets (Adcirca).
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