Ned Davis Research Upgrades West Pharmaceutical Services to “Buy” (WST)
West Pharmaceutical Services (NYSE:WST) was upgraded by equities researchers at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued on Monday, AnalystRatingsNetwork reports.
Separately, analysts at Jefferies Group raised their price target on shares of West Pharmaceutical Services from $36.50 to $45.00 in a research note to investors on Monday, November 4th. They now have a “hold” rating on the stock.
West Pharmaceutical Services (NYSE:WST) traded up 0.42% during mid-day trading on Monday, hitting $49.9006. The stock had a trading volume of 128,019 shares. West Pharmaceutical Services has a 1-year low of $27.305 and a 1-year high of $50.66. The stock’s 50-day moving average is $48.95 and its 200-day moving average is $42.59. The company has a market cap of $3.485 billion and a P/E ratio of 32.02.
West Pharmaceutical Services (NYSE:WST) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.03. The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $333.25 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that West Pharmaceutical Services will post $1.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, January 17th.
West Pharmaceutical Services, Inc (NYSE:WST) is a manufacturer of components and systems for the packaging and delivery of injectable drugs, as well as delivery system components for the pharmaceutical, healthcare and consumer products industries.
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