Valeant Pharmaceuticals Intl Inc (NYSE:VRX) was downgraded by TheStreet from a “hold” rating to a “sell” rating in a research note issued on Friday, Analyst Ratings Network.com reports.
Shares of Valeant Pharmaceuticals Intl (NYSE:VRX) opened at 33.34 on Friday. Valeant Pharmaceuticals Intl has a 1-year low of $25.27 and a 1-year high of $263.81. The stock has a market cap of $11.44 billion and a PE ratio of 19.15. The stock’s 50 day moving average is $41.89 and its 200-day moving average is $87.61.
Valeant Pharmaceuticals Intl (NYSE:VRX) last released its earnings results on Tuesday, March 15th. The specialty pharmaceutical company reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.61 by $0.11. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the firm posted $2.58 EPS. Valeant Pharmaceuticals Intl’s revenue was up 22.3% compared to the same quarter last year. On average, analysts predict that Valeant Pharmaceuticals Intl will post $8.79 EPS for the current fiscal year.
Several hedge funds and institutional investors recently modified their holdings of VRX. Paulson & CO. Inc. boosted its position in shares of Valeant Pharmaceuticals Intl by 49.2% in the fourth quarter. Paulson & CO. Inc. now owns 13,265,900 shares of the specialty pharmaceutical company’s stock worth $1,348,479,000 after buying an additional 4,375,900 shares during the last quarter. Brahman Capital Corp. boosted its position in shares of Valeant Pharmaceuticals Intl by 102.3% in the fourth quarter. Brahman Capital Corp. now owns 8,117,753 shares of the specialty pharmaceutical company’s stock worth $825,170,000 after buying an additional 4,104,202 shares during the last quarter. Norges Bank bought a new position in shares of Valeant Pharmaceuticals Intl during the fourth quarter worth about $264,897,000. Price T Rowe Associates Inc. MD boosted its position in shares of Valeant Pharmaceuticals Intl by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,853,814 shares of the specialty pharmaceutical company’s stock worth $2,220,949,000 after buying an additional 1,806,903 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in shares of Valeant Pharmaceuticals Intl by 59.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 4,324,602 shares of the specialty pharmaceutical company’s stock worth $439,596,000 after buying an additional 1,607,834 shares during the last quarter.
VRX has been the subject of several other research reports. RBC Capital reiterated a “sector perform” rating and set a $65.00 target price (down previously from $69.00) on shares of Valeant Pharmaceuticals Intl in a research note on Monday, April 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of Valeant Pharmaceuticals Intl in a research report on Wednesday, March 16th. TD Securities lowered shares of Valeant Pharmaceuticals Intl from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $110.00 in a research report on Monday, February 29th. Deutsche Bank restated a “hold” rating on shares of Valeant Pharmaceuticals Intl in a research report on Wednesday, March 2nd. Finally, Rodman & Renshaw restated a “buy” rating on shares of Valeant Pharmaceuticals Intl in a research report on Tuesday, March 22nd. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $90.44.
Valeant Pharmaceuticals International, Inc is a specialty pharmaceutical and medical device company. The Company is engaged in developing, manufacturing, and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (NYSE:VRX) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices), which are marketed directly or indirectly in over 100 countries.