ValuEngine upgraded shares of Shire (NASDAQ:SHPG) from a sell rating to a hold rating in a research note released on Friday.

Several other research analysts have also recently issued reports on SHPG. BidaskClub cut shares of Shire from a hold rating to a sell rating in a report on Thursday, August 16th. Kepler Capital Markets reissued a buy rating on shares of Shire in a report on Friday, May 11th. Cantor Fitzgerald set a $222.00 price target on shares of Shire and gave the stock a buy rating in a report on Tuesday, July 31st. Royal Bank of Canada reissued a buy rating on shares of Shire in a report on Tuesday, May 8th. Finally, BTIG Research reissued a buy rating and set a $195.00 price target on shares of Shire in a report on Sunday, April 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Shire has an average rating of Buy and an average target price of $201.18.

NASDAQ SHPG opened at $174.14 on Friday. The stock has a market cap of $52.23 billion, a P/E ratio of 11.06, a PEG ratio of 1.52 and a beta of 1.19. Shire has a 52-week low of $123.73 and a 52-week high of $177.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 1.02.

Shire (NASDAQ:SHPG) last posted its quarterly earnings results on Tuesday, July 31st. The biopharmaceutical company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.21. The firm had revenue of $3.92 billion during the quarter. Shire had a net margin of 31.06% and a return on equity of 13.22%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.73 earnings per share. sell-side analysts predict that Shire will post 15.29 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new position in Shire in the first quarter valued at about $113,097,000. Mizuho Securities USA LLC purchased a new position in Shire in the second quarter valued at about $338,000. Creative Planning increased its holdings in Shire by 14.3% in the second quarter. Creative Planning now owns 6,555 shares of the biopharmaceutical company’s stock valued at $1,106,000 after buying an additional 818 shares in the last quarter. Hills Bank & Trust Co. purchased a new position in Shire in the second quarter valued at about $1,261,000. Finally, Pitcairn Co. increased its holdings in Shire by 280.3% in the first quarter. Pitcairn Co. now owns 7,054 shares of the biopharmaceutical company’s stock valued at $1,054,000 after buying an additional 5,199 shares in the last quarter. 17.82% of the stock is owned by institutional investors.

About Shire

Shire plc, a biotechnology company, researches, develops, licenses, manufactures, markets, distributes, and sells medicines for rare diseases and other specialized conditions worldwide. The company offers products in therapeutic areas, including hematology, genetic diseases, neuroscience, immunology, internal medicine, ophthalmology, and oncology.

Read More: Price to Earnings Ratio (PE) Basics

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Analyst Recommendations for Shire (NASDAQ:SHPG)

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