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Valeant Pharmaceuticals International, Inc. (NYSE:VRX) (TSE:VRX) saw some unusual options trading on Friday. Stock traders purchased 35,088 put options on the company. This represents an increase of 215% compared to the typical daily volume of 11,124 put options.
Valeant Pharmaceuticals International (NYSE VRX) opened at 17.30 on Friday. The stock has a 50 day moving average price of $13.59 and a 200-day moving average price of $12.98. Valeant Pharmaceuticals International has a 1-year low of $8.31 and a 1-year high of $32.74. The stock’s market capitalization is $6.02 billion.
Valeant Pharmaceuticals International (NYSE:VRX) (TSE:VRX) last posted its quarterly earnings results on Tuesday, May 9th. The specialty pharmaceutical company reported $2.80 EPS for the quarter, beating the consensus estimate of $0.87 by $1.93. Valeant Pharmaceuticals International had a negative net margin of 14.96% and a positive return on equity of 58.02%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the company earned ($1.08) earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis. Equities research analysts expect that Valeant Pharmaceuticals International will post $3.89 EPS for the current year.
A number of brokerages have weighed in on VRX. Jefferies Group LLC set a $18.00 target price on Valeant Pharmaceuticals International and gave the stock a “buy” rating in a research note on Saturday, May 6th. Guggenheim began coverage on Valeant Pharmaceuticals International in a research note on Saturday, June 17th. They issued a “buy” rating and a $18.00 target price on the stock. Mizuho reiterated an “underperform” rating and issued a $8.00 price objective on shares of Valeant Pharmaceuticals International in a report on Tuesday, June 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $35.00 price objective on shares of Valeant Pharmaceuticals International in a report on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $19.00 price objective (up from $18.00) on shares of Valeant Pharmaceuticals International in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.51.
In related news, Director Schutter Richard U. De acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average cost of $13.90 per share, for a total transaction of $278,000.00. Following the purchase, the director now owns 70,572 shares in the company, valued at approximately $980,950.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.87% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its stake in Valeant Pharmaceuticals International by 32.7% in the fourth quarter. GSA Capital Partners LLP now owns 35,415 shares of the specialty pharmaceutical company’s stock valued at $514,000 after buying an additional 8,718 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Valeant Pharmaceuticals International during the fourth quarter valued at approximately $1,196,000. Public Sector Pension Investment Board raised its stake in Valeant Pharmaceuticals International by 3.1% in the fourth quarter. Public Sector Pension Investment Board now owns 522,217 shares of the specialty pharmaceutical company’s stock valued at $7,582,000 after buying an additional 15,900 shares during the last quarter. Renaissance Technologies LLC raised its stake in Valeant Pharmaceuticals International by 573.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,913,089 shares of the specialty pharmaceutical company’s stock valued at $42,294,000 after buying an additional 2,480,600 shares during the last quarter. Finally, Credit Agricole S A raised its stake in Valeant Pharmaceuticals International by 27.4% in the fourth quarter. Credit Agricole S A now owns 56,822 shares of the specialty pharmaceutical company’s stock valued at $825,000 after buying an additional 12,236 shares during the last quarter. 50.45% of the stock is currently owned by institutional investors.
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Valeant Pharmaceuticals International Company Profile
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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