Valeant Pharmaceuticals International, Inc. (VRX) Earns Sell Rating from Wells Fargo & Company
Valeant Pharmaceuticals International, Inc. (NYSE:VRX) (TSE:VRX)‘s stock had its “sell” rating restated by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Monday.
Other equities analysts also recently issued reports about the company. J P Morgan Chase & Co set a $10.00 price target on Valeant Pharmaceuticals International and gave the company a “hold” rating in a report on Monday, July 17th. HC Wainwright reaffirmed a “hold” rating and issued a $17.00 price target on shares of Valeant Pharmaceuticals International in a report on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $23.00 price target on shares of Valeant Pharmaceuticals International in a report on Tuesday, August 29th. Deutsche Bank AG set a $19.00 price target on Valeant Pharmaceuticals International and gave the company a “hold” rating in a report on Monday, August 21st. Finally, Vetr downgraded Valeant Pharmaceuticals International from a “strong-buy” rating to a “hold” rating and set a $14.26 price target for the company. in a report on Friday, October 13th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.22.
Valeant Pharmaceuticals International (NYSE:VRX) opened at $14.60 on Monday. Valeant Pharmaceuticals International has a 52-week low of $8.31 and a 52-week high of $18.71. The company has a market capitalization of $5,361.34, a PE ratio of 2.50, a PEG ratio of 0.43 and a beta of -0.40. The company has a debt-to-equity ratio of 4.84, a quick ratio of 1.03 and a current ratio of 1.26.
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In other Valeant Pharmaceuticals International news, Director Schutter Richard U. De acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $14.33 per share, with a total value of $143,300.00. Following the completion of the acquisition, the director now directly owns 77,479 shares of the company’s stock, valued at approximately $1,110,274.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.87% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Riggs Asset Managment Co. Inc. grew its holdings in Valeant Pharmaceuticals International by 118.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 8,330 shares of the specialty pharmaceutical company’s stock worth $119,000 after acquiring an additional 4,512 shares during the period. Financial Architects Inc grew its holdings in Valeant Pharmaceuticals International by 10.5% in the second quarter. Financial Architects Inc now owns 10,550 shares of the specialty pharmaceutical company’s stock valued at $183,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Valeant Pharmaceuticals International by 33.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,965 shares of the specialty pharmaceutical company’s stock valued at $121,000 after purchasing an additional 2,763 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Valeant Pharmaceuticals International in the second quarter valued at $192,000. Finally, IPG Investment Advisors LLC acquired a new stake in Valeant Pharmaceuticals International in the second quarter valued at $203,000. 46.61% of the stock is currently owned by hedge funds and other institutional investors.
About Valeant Pharmaceuticals International
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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