Emergent Biosolutions Inc. (EBS) Trading Up 2.2%
Shares of Emergent Biosolutions Inc. (NYSE:EBS) were up 2.2% during mid-day trading on Tuesday . The company traded as high as $27.69 and last traded at $27.59, with a volume of 169,082 shares changing hands. The stock had previously closed at $26.99.
A number of analysts have recently issued reports on EBS shares. Singular Research dropped their price objective on shares of Emergent Biosolutions from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. Wells Fargo & Co. restated a “buy” rating on shares of Emergent Biosolutions in a research note on Wednesday, June 22nd. Cowen and Company restated a “hold” rating and issued a $33.00 price target on shares of Emergent Biosolutions in a research note on Sunday, August 7th. Zacks Investment Research upgraded shares of Emergent Biosolutions from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Emergent Biosolutions from $45.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.00.
The company has a 50-day moving average price of $27.86 and a 200-day moving average price of $34.46. The firm has a market capitalization of $1.13 billion, a PE ratio of 20.03 and a beta of 1.24.
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Emergent Biosolutions (NYSE:EBS) last announced its quarterly earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm earned $101.49 million during the quarter, compared to the consensus estimate of $111.20 million. Emergent Biosolutions had a net margin of 11.61% and a return on equity of 11.93%. The company’s quarterly revenue was down 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. On average, analysts forecast that Emergent Biosolutions Inc. will post $1.03 EPS for the current year.
Large investors have recently made changes to their positions in the stock. FIL Ltd purchased a new stake in shares of Emergent Biosolutions during the second quarter valued at approximately $16,063,000. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Emergent Biosolutions during the second quarter worth about $15,439,000. Emerald Acquisition Ltd. bought a new stake in shares of Emergent Biosolutions during the second quarter worth about $13,280,000. Vanguard Group Inc. boosted its stake in shares of Emergent Biosolutions by 13.0% in the second quarter. Vanguard Group Inc. now owns 3,610,132 shares of the biopharmaceutical company’s stock worth $101,517,000 after buying an additional 415,470 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in shares of Emergent Biosolutions during the second quarter worth about $10,765,000. 91.27% of the stock is owned by institutional investors and hedge funds.
About Emergent Biosolutions
Emergent BioSolutions Inc is a biopharmaceutical company that offers specialized products to healthcare providers and governments to address medical needs and emerging health threats. The Company develops, manufactures and delivers a portfolio of medical countermeasures primarily for government agencies in the areas of biological and chemical threats and emerging infectious diseases (EID).
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