Valeant suffered a bad miss in its third quarter earnings, as revenue fell 11% year-over-year, crushed by a rise in managed-care rebates and poor performance from Salix Pharmaceuticals.
When it comes to the Analysis of a Stock, Price Target plays a vital role. (NYSE:VRX) is now moving in the right direction with regards to its policies regarding the debt load.
The transactions represent the latest moves in Valeant CEO Joseph Papa's bid to cut the Montreal-based company's estimated $30 million in debt and enable Valeant to rebound amid investigations about its drug-pricing and distribution policies, along with its accounting practices. We believe these products will benefit even further from the resources and capabilities of a global beauty company like L'Oréal, which is well equipped to build on the success of these brands and expand into new global markets.
While the divestitures are a positive sign that the company has actively started to shape its balance sheet and address the very big leverage ratio, it also highlights that Valeant might need to make some tough decisions regarding some of its core assets down the line. The difference between the estimated and actual earnings was $0 per share.
Valeant will use the proceeds from the sale to permanently repay term loan debt under its Senior Credit Facility. The stock has a consensus analyst price target of $172.83for twelve month. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company's stock. 18,498,930 shares of the stock traded hands. BTIG maintained a Neutral rating on. They now have a $11.00 target price on the specialty pharmaceutical company's stock.
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There's also the issue that, while Valeant is divesting assets, it hasn't exactly dealt with its growth concerns.
11/09/2016 - Valeant Pharmaceuticals International, Inc. had its "sector perform" rating reiterated by analysts at RBC Capital. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -27.59% where SMA50 and SMA200 are -65.56% and -94.04% respectively. The stock is now trading -8.69 percent higher from its SMA-50.
Analysts give AG a mean recommendation of 2.50.
11/09/2016 - Valeant Pharmaceuticals International, Inc. had its "sector perform" rating reiterated by analysts at Scotiabank. Stock price is down 84.86% since it reached the one year high price and is down $ -86.05 since then. She has an underperform rating on Valeant shares.
The share price of the company (NYSE:VRX) was up +0.39%, with a high of 15.65 during the day and the volume of Valeant Pharmaceuticals International, Inc. shares traded was 9528818. The Stock now has a Weekly Volatility of 5.40% and Monthly Volatility of 4.84%.