The VRX team jumped its EBITDA outlook for the year from a range of $3,050 to $3,200 million up to $3,150 to $3,300 million, trouncing FactSet consensus of $3,153 million. At the same time, the firm announced that it would also be changing its name sometime in the very near future. However, these more frequent signals may also result in more "whipsaws", resulting in erroneous trade signals. Valeant Pharmaceuticals International, Inc.
Valeant Pharmaceuticals (VRX) popped early Tuesday after the drugmaker topped Wall Street's first-quarter sales expectations, raised 2018 guidance and said it will change its name to Bausch Health Companies. The firm earned "Buy" rating on Tuesday, June 20 by RBC Capital Markets.
As of now, Valeant Pharmaceuticals International, Inc. has a P/S, P/E and P/B values of 0.73, 4.47 and 1.09 respectively. The specialty pharmaceutical company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02.
The company raised its full-year revenue forecast range to $8.15 billion-$8.35 billion from $8.10 billion-$8.30 billion, partly helped by the performance of Bausch and Lomb. The company's net profit margin is 27.6 percent. During the same period in the prior year, the firm posted $1.79 EPS. The company made posted earnings of $1.79 a share, or $628 million in the same period previous year. Also, there are 0 buy, 0 sell and 3 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation. Finally, Private Management Group Inc. grew its position in Valeant Pharmaceuticals International by 21.6% during the 4th quarter. HC Wainwright reiterated a "hold" rating and issued a $16.00 target price on shares of Valeant Pharmaceuticals International in a research note on Thursday, March 15th.
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Over the past three years Valeant has lost more than 90 percent of its market value when the company was trading at $257.53 in the summer of 2015. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The current stock price stands at $19.74, and the target price is set up at $17.03. This figure is launch by taking the postscript price and multiplying it by the total number of shares outstanding. Following the completion of the transaction, the director now directly owns 106,062 shares in the company, valued at approximately $1,626,991.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. The disclosure for this purchase can be found here.
On a per-share basis, the Laval, Quebec-based company said it had a loss of $7.68.
A number of institutional investors have recently made changes to their positions in VRX. The brokerage presently has a "buy" rating on the specialty pharmaceutical company's stock. Great West Life Assurance Co. Gramercy Funds Management Limited Liability Corp reported 0.09% of its capital in Valeant Pharmaceuticals International, Inc. Dimensional Fund Advisors LP now owns 4,472,185 shares of the specialty pharmaceutical company's stock worth $64,086,000 after purchasing an additional 3,426,410 shares during the last quarter. (NYSE:VRX). Credit Suisse Ag invested 0.02% in Valeant Pharmaceuticals International, Inc. Two Sigma Investments LP bought a new stake in Valeant Pharmaceuticals International during the 4th quarter valued at $57,221,000. (NYSE:VRX) earned "Hold" rating by CFRA on Wednesday, February 28. 15% are bullish. 23 are the (NYSE:VRX)'s analyst reports since November 9, 2017 according to StockzIntelligence Inc. The firm has a market cap of $6.29 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.38 and a beta of -0.35.
The current ratio of 0.7 is mainly used to give an idea of a company's ability to pay back its liabilities (debt and accounts payable) with its assets (cash, marketable securities, inventory, accounts receivable). (NYSE:VRX) is 0.704726. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.