Patheon NV (PTHN) Director Purchases $1,036,370.00 in Stock
Patheon NV (NASDAQ:PTHN) Director Paul S. Levy purchased 37,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were bought at an average cost of $28.01 per share, for a total transaction of $1,036,370.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Patheon NV (NASDAQ:PTHN) opened at 29.52 on Tuesday. Patheon NV has a 52-week low of $24.11 and a 52-week high of $29.82. The stock’s 50 day moving average price is $27.20 and its 200-day moving average price is $26.89. The firm has a market capitalization of $4.28 billion and a PE ratio of 31.78.
Patheon NV (NASDAQ:PTHN) last issued its earnings results on Thursday, September 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.29. The business had revenue of $482 million for the quarter, compared to the consensus estimate of $472.50 million. Equities research analysts anticipate that Patheon NV will post $0.99 EPS for the current fiscal year.
Several equities research analysts have weighed in on PTHN shares. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price target on shares of Patheon NV in a research report on Friday, September 9th. William Blair started coverage on Patheon NV in a research report on Tuesday, August 23rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on Patheon NV in a research report on Monday, August 15th. They set an “overweight” rating and a $30.00 price target on the stock. KeyCorp started coverage on Patheon NV in a research report on Monday, August 15th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, Credit Suisse Group AG started coverage on Patheon NV in a research report on Tuesday, August 16th. They set a “neutral” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Patheon NV currently has a consensus rating of “Buy” and a consensus price target of $31.89.
About Patheon NV
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