Veradermics, Incorporated (NYSE:MANE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Veradermics, Incorporated (NYSE:MANE) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $135.60.

MANE has been the topic of a number of research analyst reports. Jefferies Financial Group upped their target price on Veradermics from $138.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings assumed coverage on Veradermics in a research note on Tuesday, May 26th. They issued a “sell (d+)” rating on the stock. Needham & Company LLC started coverage on Veradermics in a research note on Tuesday, June 2nd. They set a “buy” rating and a $136.00 price target for the company. Citigroup upped their price objective on Veradermics from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Veradermics from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th.

Veradermics Stock Performance

Shares of MANE opened at $117.24 on Wednesday. The firm’s 50-day moving average is $105.32. Veradermics has a twelve month low of $32.00 and a twelve month high of $131.24. The company has a market capitalization of $4.90 billion and a PE ratio of -88.82.

Veradermics (NYSE:MANE) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.76).

About Veradermics

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.