Deutsche Bank AG Reiterates “$18.00” Price Target for Valeant Pharmaceuticals Intl Inc (VRX)

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX) has been assigned a $18.00 price objective by equities researchers at Deutsche Bank AG in a note issued to investors on Friday. The firm presently has a “hold” rating on the specialty pharmaceutical company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 33.63% from the company’s previous close.

VRX has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of Valeant Pharmaceuticals Intl to $21.00 in a research report on Wednesday, March 1st. Royal Bank of Canada lowered their price objective on shares of Valeant Pharmaceuticals Intl to $21.00 in a research report on Wednesday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 price objective on shares of Valeant Pharmaceuticals Intl in a research report on Thursday, February 9th. Guggenheim reiterated a “buy” rating on shares of Valeant Pharmaceuticals Intl in a research report on Tuesday, February 7th. Finally, Jefferies Group LLC lowered their price objective on shares of Valeant Pharmaceuticals Intl from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.35.

Analyst Recommendations for Valeant Pharmaceuticals Intl (NYSE:VRX)

Shares of Valeant Pharmaceuticals Intl (NYSE:VRX) traded up 0.07% during mid-day trading on Friday, reaching $13.48. 16,351,922 shares of the company were exchanged. The stock has a 50 day moving average price of $10.48 and a 200-day moving average price of $13.78. Valeant Pharmaceuticals Intl has a 12 month low of $8.31 and a 12 month high of $32.74. The stock’s market capitalization is $4.69 billion.

Valeant Pharmaceuticals Intl (NYSE:VRX) last announced its earnings results on Tuesday, May 9th. The specialty pharmaceutical company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $1.93. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Valeant Pharmaceuticals Intl had a negative net margin of 22.17% and a positive return on equity of 43.81%. The company’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted ($1.08) EPS. Analysts predict that Valeant Pharmaceuticals Intl will post $3.89 earnings per share for the current year.

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In other Valeant Pharmaceuticals Intl news, Director Schutter Richard U. De acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $10.80 per share, for a total transaction of $108,000.00. Following the transaction, the director now directly owns 25,190 shares of the company’s stock, valued at $272,052. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage sold 18,114,432 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $11.00, for a total transaction of $199,258,752.00. The disclosure for this sale can be found here. Insiders purchased a total of 3,054,000 shares of company stock worth $33,103,280 over the last quarter. Insiders own 16.37% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Valeant Pharmaceuticals Intl during the fourth quarter valued at $123,000. Gruss & Co. Inc. purchased a new position in shares of Valeant Pharmaceuticals Intl during the first quarter valued at $104,000. Financial Architects Inc increased its position in shares of Valeant Pharmaceuticals Intl by 18.6% in the first quarter. Financial Architects Inc now owns 9,550 shares of the specialty pharmaceutical company’s stock valued at $105,000 after buying an additional 1,500 shares during the last quarter. Harbor Advisors LLC purchased a new position in shares of Valeant Pharmaceuticals Intl during the first quarter valued at $110,000. Finally, Frontier Wealth Management LLC purchased a new position in shares of Valeant Pharmaceuticals Intl during the fourth quarter valued at $149,000. Institutional investors and hedge funds own 64.34% of the company’s stock.

About Valeant Pharmaceuticals Intl

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).

5 Day Chart for NYSE:VRX

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