Valeant Pharmaceuticals Intl Inc (VRX) Given “Sector Perform” Rating at Royal Bank of Canada

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) (TSE:VRX)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued to investors on Thursday. They presently have a $18.00 target price on the specialty pharmaceutical company’s stock, down from their prior target price of $21.00. Royal Bank of Canada’s price target suggests a potential upside of 102.70% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity set a $12.00 target price on shares of Valeant Pharmaceuticals Intl and gave the company a “hold” rating in a research note on Tuesday, March 14th. Wells Fargo & Co reissued an “underperform” rating and issued a $10.00 target price (down previously from $11.00) on shares of Valeant Pharmaceuticals Intl in a research note on Tuesday, March 14th. They noted that the move was a valuation call. BMO Capital Markets cut their target price on shares of Valeant Pharmaceuticals Intl from $19.00 to $15.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 14th. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 target price (down previously from $17.00) on shares of Valeant Pharmaceuticals Intl in a research note on Saturday, March 11th. Finally, Deutsche Bank AG cut their target price on shares of Valeant Pharmaceuticals Intl from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Valeant Pharmaceuticals Intl has an average rating of “Hold” and a consensus price target of $24.68.

Analyst Recommendations for Valeant Pharmaceuticals Intl (NYSE:VRX)

Shares of Valeant Pharmaceuticals Intl (NYSE:VRX) traded down 1.55% during trading on Thursday, reaching $8.88. The company had a trading volume of 12,321,701 shares. Valeant Pharmaceuticals Intl has a 52 week low of $8.86 and a 52 week high of $38.50. The stock’s 50-day moving average price is $10.73 and its 200-day moving average price is $15.45. The company’s market capitalization is $3.09 billion. Valeant Pharmaceuticals Intl also saw some unusual options trading activity on Tuesday. Investors acquired 1,451 put options on the company. This represents an increase of approximately 123% compared to the average volume of 652 put options.

Valeant Pharmaceuticals Intl (NYSE:VRX) last issued its earnings results on Tuesday, February 28th. The specialty pharmaceutical company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.06. Valeant Pharmaceuticals Intl had a negative net margin of 22.17% and a positive return on equity of 43.81%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, equities analysts expect that Valeant Pharmaceuticals Intl will post $3.89 EPS for the current fiscal year.

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In other Valeant Pharmaceuticals Intl news, Director Pershing Square Capital Manage sold 18,114,432 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $11.00, for a total transaction of $199,258,752.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Schutter Richard U. De bought 10,000 shares of Valeant Pharmaceuticals Intl stock in a transaction on Wednesday, March 15th. The shares were purchased at an average cost of $10.80 per share, with a total value of $108,000.00. Following the completion of the purchase, the director now directly owns 25,190 shares in the company, valued at $272,052. The disclosure for this purchase can be found here. Insiders bought a total of 3,034,000 shares of company stock valued at $32,825,280 over the last ninety days. Company insiders own 16.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LeJeune Puetz Investment Counsel LLC purchased a new position in Valeant Pharmaceuticals Intl during the fourth quarter worth about $123,000. Kistler Tiffany Companies LLC raised its position in Valeant Pharmaceuticals Intl by 95.5% in the third quarter. Kistler Tiffany Companies LLC now owns 5,567 shares of the specialty pharmaceutical company’s stock worth $137,000 after buying an additional 2,719 shares during the last quarter. Cambridge Advisors Inc. raised its position in Valeant Pharmaceuticals Intl by 0.6% in the first quarter. Cambridge Advisors Inc. now owns 12,650 shares of the specialty pharmaceutical company’s stock worth $140,000 after buying an additional 75 shares during the last quarter. US Bancorp DE raised its position in Valeant Pharmaceuticals Intl by 141.0% in the third quarter. US Bancorp DE now owns 5,745 shares of the specialty pharmaceutical company’s stock worth $141,000 after buying an additional 3,361 shares during the last quarter. Finally, Frontier Wealth Management LLC purchased a new position in Valeant Pharmaceuticals Intl during the fourth quarter worth about $149,000. 64.34% of the stock is owned by hedge funds and other institutional investors.

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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