A number of other brokerages also recently commented on VRX. Zacks Investment Research downgraded Valeant Pharmaceuticals Intl from a hold rating to a sell rating in a research report on Thursday, October 12th. Piper Jaffray Companies set a $14.00 price target on Valeant Pharmaceuticals Intl and gave the company a sell rating in a research report on Sunday, October 22nd. Vetr raised Valeant Pharmaceuticals Intl from a strong sell rating to a sell rating and set a $12.46 price target for the company in a research report on Monday, September 18th. HC Wainwright reaffirmed a hold rating and set a $17.00 price target on shares of Valeant Pharmaceuticals Intl in a research report on Monday, September 18th. Finally, Deutsche Bank reissued a hold rating and issued a $18.00 target price on shares of Valeant Pharmaceuticals Intl in a research report on Monday, October 9th. Six analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $18.56.
Shares of Valeant Pharmaceuticals Intl (NYSE VRX) opened at $21.52 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.03 and a debt-to-equity ratio of 4.84. The company has a market capitalization of $7,490.00, a P/E ratio of 5.52, a P/E/G ratio of 0.67 and a beta of -0.22. Valeant Pharmaceuticals Intl has a 52-week low of $8.31 and a 52-week high of $24.43.
In related news, Director John Paulson purchased 344,216 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $14.40 per share, with a total value of $4,956,710.40. Following the completion of the acquisition, the director now directly owns 94,559 shares of the company’s stock, valued at $1,361,649.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.87% of the company’s stock.
Several institutional investors have recently bought and sold shares of VRX. Dimensional Fund Advisors LP boosted its holdings in shares of Valeant Pharmaceuticals Intl by 327.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,472,185 shares of the specialty pharmaceutical company’s stock worth $64,086,000 after acquiring an additional 3,426,410 shares during the period. Paulson & CO. Inc. boosted its holdings in shares of Valeant Pharmaceuticals Intl by 12.5% in the second quarter. Paulson & CO. Inc. now owns 21,813,400 shares of the specialty pharmaceutical company’s stock worth $377,372,000 after acquiring an additional 2,428,900 shares during the period. Renaissance Technologies LLC bought a new position in shares of Valeant Pharmaceuticals Intl in the second quarter worth $41,574,000. Beach Point Capital Management LP bought a new position in shares of Valeant Pharmaceuticals Intl in the third quarter worth $15,670,000. Finally, Gotham Asset Management LLC bought a new position in shares of Valeant Pharmaceuticals Intl in the second quarter worth $14,239,000. 49.45% of the stock is owned by hedge funds and other institutional investors.
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Valeant Pharmaceuticals Intl 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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