Veradermics, Incorporated (NYSE:MANE) Given Consensus Rating of “Moderate Buy” by Analysts

Veradermics, Incorporated (NYSE:MANE) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $114.20.

Several research firms have recently weighed in on MANE. Cantor Fitzgerald began coverage on Veradermics in a research note on Monday, March 2nd. They issued an “overweight” rating on the stock. Jefferies Financial Group assumed coverage on shares of Veradermics in a report on Monday, March 2nd. They set a “buy” rating and a $75.00 target price on the stock. Weiss Ratings assumed coverage on shares of Veradermics in a report on Tuesday, May 26th. They set a “sell (d+)” rating on the stock. Leerink Partners lifted their target price on shares of Veradermics from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Veradermics from a “sell” rating to a “hold” rating in a research note on Sunday.

Veradermics Stock Performance

Veradermics stock opened at $92.06 on Friday. Veradermics has a 12-month low of $32.00 and a 12-month high of $117.71. The business’s 50-day moving average price is $92.11.

Veradermics (NYSE:MANE) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76).

Veradermics Company Profile

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.