Valeant Pharmaceuticals Intl (VRX) Given a $24.00 Price Target at HC Wainwright
Valeant Pharmaceuticals Intl (NYSE:VRX) (TSE:VRX) has been assigned a $24.00 target price by stock analysts at HC Wainwright in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the specialty pharmaceutical company’s stock. HC Wainwright’s price objective indicates a potential upside of 0.17% from the company’s previous close.
A number of other research analysts also recently commented on VRX. Vetr upgraded Valeant Pharmaceuticals Intl from a “strong sell” rating to a “sell” rating and set a $12.46 target price on the stock in a research note on Monday, September 18th. Deutsche Bank restated a “hold” rating and issued a $19.00 target price on shares of Valeant Pharmaceuticals Intl in a research note on Monday, September 25th. Cantor Fitzgerald restated a “buy” rating and issued a $23.00 target price on shares of Valeant Pharmaceuticals Intl in a research note on Thursday, September 28th. Wells Fargo & Co restated an “underperform” rating and issued a $8.00 target price on shares of Valeant Pharmaceuticals Intl in a research note on Saturday, September 30th. Finally, ValuEngine upgraded Valeant Pharmaceuticals Intl from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Valeant Pharmaceuticals Intl has an average rating of “Hold” and an average target price of $18.56.
Shares of Valeant Pharmaceuticals Intl (VRX) traded up $0.12 during midday trading on Tuesday, reaching $23.96. The company’s stock had a trading volume of 3,203,024 shares, compared to its average volume of 14,910,855. The company has a quick ratio of 1.03, a current ratio of 1.26 and a debt-to-equity ratio of 4.84. Valeant Pharmaceuticals Intl has a 1 year low of $8.31 and a 1 year high of $24.43. The stock has a market capitalization of $8,600.00, a P/E ratio of 6.14, a P/E/G ratio of 0.73 and a beta of -0.22.
In related news, Director John Paulson purchased 344,216 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average price of $14.40 per share, for a total transaction of $4,956,710.40. Following the purchase, the director now owns 94,559 shares in the company, valued at approximately $1,361,649.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.87% of the company’s stock.
A number of large investors have recently made changes to their positions in VRX. Dimensional Fund Advisors LP boosted its stake in Valeant Pharmaceuticals Intl by 327.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,472,185 shares of the specialty pharmaceutical company’s stock valued at $64,086,000 after purchasing an additional 3,426,410 shares during the period. Paulson & CO. Inc. boosted its stake in Valeant Pharmaceuticals Intl by 12.5% during the 2nd quarter. Paulson & CO. Inc. now owns 21,813,400 shares of the specialty pharmaceutical company’s stock valued at $377,372,000 after purchasing an additional 2,428,900 shares during the period. Renaissance Technologies LLC bought a new stake in Valeant Pharmaceuticals Intl during the 2nd quarter valued at approximately $41,574,000. Beach Point Capital Management LP bought a new stake in Valeant Pharmaceuticals Intl during the 3rd quarter valued at approximately $15,670,000. Finally, Gotham Asset Management LLC bought a new stake in Valeant Pharmaceuticals Intl during the 2nd quarter valued at approximately $14,239,000. Hedge funds and other institutional investors own 49.45% of the company’s stock.
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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).
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