Shire (SHPG) PT Set at $222.00 by Cantor Fitzgerald

Shire (NASDAQ:SHPG) has been assigned a $222.00 price target by Cantor Fitzgerald in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 67.09% from the company’s previous close.

The analysts wrote, “Shire reported 4Q17 results and provided its 2018 financial guidance this morning. The report was mixed relative to expectations. Investors that we spoke with were anticipating a strong 4Q17 with no surprises, but hoping for 2018 consensus sales and EPS that would at least bracket consensus (which did not happen).””

Several other brokerages have also recently issued reports on SHPG. ValuEngine cut Shire from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut Shire from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. FBR & Co started coverage on Shire in a research note on Thursday, October 19th. They issued a “buy” rating and a $201.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Shire in a research note on Thursday, November 16th. Finally, Liberum Capital upgraded Shire from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $212.50.

Shire (NASDAQ SHPG) traded up $0.19 on Wednesday, hitting $132.86. The stock had a trading volume of 2,040,000 shares, compared to its average volume of 1,510,000. Shire has a 1-year low of $123.73 and a 1-year high of $192.15. The stock has a market capitalization of $40,100.00, a price-to-earnings ratio of 25.02, a P/E/G ratio of 0.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.52 and a current ratio of 0.98.

Shire (NASDAQ:SHPG) last released its quarterly earnings results on Wednesday, February 14th. The biopharmaceutical company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.86 by $0.12. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.97 billion. Shire had a return on equity of 14.41% and a net margin of 10.95%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $3.37 earnings per share. research analysts expect that Shire will post 15 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new stake in Shire in the fourth quarter valued at $107,000. Avestar Capital LLC purchased a new position in shares of Shire during the fourth quarter worth about $116,000. Amica Retiree Medical Trust purchased a new position in shares of Shire during the fourth quarter worth about $120,000. BB&T Investment Services Inc. grew its holdings in shares of Shire by 1,672.3% during the third quarter. BB&T Investment Services Inc. now owns 833 shares of the biopharmaceutical company’s stock worth $127,000 after purchasing an additional 786 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Shire during the third quarter worth about $159,000. Institutional investors own 20.74% of the company’s stock.

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Shire Company Profile

Shire plc is a biotech company focused on serving people with rare diseases and other specialized conditions. The Company’s segment is engaged in research, development, licensing, manufacturing, marketing, distribution and sale of specialist medicines. It focuses its development resources on projects in various therapeutic areas (TAs), including Neuroscience, Ophthalmology, Hematology, Oncology, Immunology, Gastrointestinal (GI)/Metabolic/Endocrinology Diseases.

Analyst Recommendations for Shire (NASDAQ:SHPG)

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