Endo International (ENDP) Downgraded to “Strong Sell” at BidaskClub

BidaskClub cut shares of Endo International (NASDAQ:ENDP) (TSE:ENL) from a sell rating to a strong sell rating in a research report released on Friday morning.

Several other equities research analysts have also issued reports on the stock. Mizuho lowered shares of Endo International from a buy rating to a neutral rating and dropped their price objective for the stock from $12.00 to $7.00 in a research report on Wednesday. ValuEngine lowered shares of Endo International from a hold rating to a sell rating in a research report on Monday, April 2nd. Barclays set a $9.00 price target on shares of Endo International and gave the company a hold rating in a report on Saturday, March 10th. BMO Capital Markets lowered their price target on shares of Endo International from $10.00 to $9.00 and set a market perform rating for the company in a report on Monday, March 5th. Finally, Gabelli lowered shares of Endo International from a buy rating to a hold rating in a report on Wednesday, February 28th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $9.40.

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Shares of Endo International stock traded down $0.23 during trading hours on Friday, hitting $5.49. The company’s stock had a trading volume of 4,200,166 shares, compared to its average volume of 5,113,560. Endo International has a 1-year low of $5.27 and a 1-year high of $14.15. The firm has a market capitalization of $1,277.51, a P/E ratio of 1.43 and a beta of 0.38. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 17.00.

Endo International (NASDAQ:ENDP) (TSE:ENL) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.15. Endo International had a negative net margin of 58.68% and a positive return on equity of 81.03%. The company had revenue of $768.64 million during the quarter, compared to analyst estimates of $762.29 million. During the same quarter in the prior year, the business earned $1.77 earnings per share. The business’s quarterly revenue was down 38.1% compared to the same quarter last year. research analysts expect that Endo International will post 2.33 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ENDP. Cornerstone Capital Management Holdings LLC. boosted its stake in Endo International by 64.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 135,627 shares of the company’s stock valued at $1,160,000 after acquiring an additional 52,927 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Endo International during the 4th quarter valued at $236,000. Oakbrook Investments LLC bought a new position in Endo International during the 4th quarter valued at $133,000. Alps Advisors Inc. boosted its stake in Endo International by 22.9% during the 4th quarter. Alps Advisors Inc. now owns 307,839 shares of the company’s stock valued at $2,386,000 after acquiring an additional 57,328 shares during the last quarter. Finally, River & Mercantile Asset Management LLP boosted its stake in Endo International by 32.7% during the 4th quarter. River & Mercantile Asset Management LLP now owns 475,650 shares of the company’s stock valued at $3,679,000 after acquiring an additional 117,110 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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Endo International Company Profile

Endo International plc, a specialty pharmaceutical company, manufactures and sells generic and branded pharmaceuticals in the United States, Canada, and internationally. The company operates through three segments: U.S. Generic Pharmaceuticals, U.S. Branded Pharmaceuticals, and International Pharmaceuticals.

Analyst Recommendations for Endo International (NASDAQ:ENDP)

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