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.
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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