Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) has earned an average rating of “Hold” from the twenty-two brokerages that are covering the company. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.41.
Several equities analysts have recently issued reports on VRX shares. Deutsche Bank AG decreased their price target on Valeant Pharmaceuticals Intl from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, March 7th. BTIG Research reiterated a “neutral” rating on shares of Valeant Pharmaceuticals Intl in a research note on Wednesday, January 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price target on shares of Valeant Pharmaceuticals Intl in a research note on Thursday, February 9th. Barclays PLC reiterated a “hold” rating and issued a $34.00 price target on shares of Valeant Pharmaceuticals Intl in a research note on Thursday, February 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $22.00 price target on shares of Valeant Pharmaceuticals Intl in a research note on Tuesday, February 28th.
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In related news, Director Schutter Richard U. De bought 10,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were purchased at an average cost of $10.80 per share, with a total value of $108,000.00. Following the acquisition, the director now owns 25,190 shares of the company’s stock, valued at $272,052. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul Herendeen bought 24,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were bought at an average cost of $10.72 per share, for a total transaction of $257,280.00. Following the completion of the acquisition, the chief financial officer now directly owns 174,000 shares in the company, valued at approximately $1,865,280. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,034,000 shares of company stock worth $32,825,280 over the last ninety days. Company insiders own 16.37% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in VRX. Verde Servicos Internacionais S.A. bought a new position in shares of Valeant Pharmaceuticals Intl during the first quarter valued at approximately $271,000. Capstone Asset Management Co. increased its position in shares of Valeant Pharmaceuticals Intl by 13.6% in the first quarter. Capstone Asset Management Co. now owns 32,988 shares of the specialty pharmaceutical company’s stock worth $364,000 after buying an additional 3,940 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Valeant Pharmaceuticals Intl by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 98,323 shares of the specialty pharmaceutical company’s stock worth $1,084,000 after buying an additional 1,100 shares in the last quarter. Searle & CO. acquired a new position in shares of Valeant Pharmaceuticals Intl during the fourth quarter worth about $972,000. Finally, Norges Bank acquired a new position in shares of Valeant Pharmaceuticals Intl during the fourth quarter worth about $39,286,000. 64.34% of the stock is currently owned by hedge funds and other institutional investors.
Valeant Pharmaceuticals Intl (NYSE:VRX) traded down 1.25% during midday trading on Monday, reaching $9.48. The company had a trading volume of 9,002,316 shares. The stock has a 50-day moving average price of $11.89 and a 200 day moving average price of $16.05. Valeant Pharmaceuticals Intl has a 12-month low of $9.43 and a 12-month high of $38.50. The company’s market capitalization is $3.30 billion.
Valeant Pharmaceuticals Intl (NYSE:VRX) last posted its quarterly earnings data on Tuesday, February 28th. The specialty pharmaceutical company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.06. Valeant Pharmaceuticals Intl had a positive return on equity of 43.81% and a negative net margin of 22.17%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company earned $1.55 EPS. The company’s revenue was down 12.9% on a year-over-year basis. Equities analysts forecast that Valeant Pharmaceuticals Intl will post $3.89 EPS for the current year.
Valeant Pharmaceuticals Intl Company Profile
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).
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