Cantor Fitzgerald Research Analysts Decrease Earnings Estimates for Valeant Pharmaceuticals International, Inc. (VRX)

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX) – Equities research analysts at Cantor Fitzgerald lowered their FY2018 earnings per share (EPS) estimates for shares of Valeant Pharmaceuticals International in a research note issued to investors on Monday. Cantor Fitzgerald analyst L. Chen now anticipates that the specialty pharmaceutical company will post earnings of $3.77 per share for the year, down from their prior estimate of $4.44.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Valeant Pharmaceuticals International to C$22.50 and set a “sector perform” rating on the stock in a report on Friday, October 20th. TD Securities raised Valeant Pharmaceuticals International from a “hold” rating to a “buy” rating and set a C$25.50 price objective on the stock in a report on Wednesday, November 8th.

Shares of Valeant Pharmaceuticals International (TSE VRX) traded down C$0.42 during mid-day trading on Thursday, hitting C$26.20. The company’s stock had a trading volume of 1,234,800 shares, compared to its average volume of 1,579,086. The firm has a market cap of $9,120.00, a P/E ratio of 5.34 and a beta of -0.67. Valeant Pharmaceuticals International has a 52-week low of C$11.20 and a 52-week high of C$29.28.

In related news, Director Schutter Richard Urbain De bought 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were purchased at an average cost of C$14.33 per share, with a total value of C$143,300.00.

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About Valeant Pharmaceuticals International

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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