Morgan Stanley Cuts Endo International PLC (NASDAQ:ENDP) Price Target to $8.00
Endo International PLC (NASDAQ:ENDP) had its target price lowered by equities researchers at Morgan Stanley from $12.00 to $8.00 in a report issued on Thursday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 5.96% from the company’s current price.
Several other analysts have also commented on ENDP. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Endo International PLC in a research note on Tuesday. Cowen and Company reissued a “hold” rating and set a $16.00 target price on shares of Endo International PLC in a research note on Thursday. Royal Bank Of Canada set a $9.00 target price on shares of Endo International PLC and gave the company a “hold” rating in a research note on Thursday. Mizuho reissued a “buy” rating and set a $19.00 target price on shares of Endo International PLC in a research note on Thursday. Finally, Guggenheim began coverage on shares of Endo International PLC in a research note on Saturday, June 17th. They set a “hold” rating and a $12.00 target price for the company. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company. Endo International PLC has a consensus rating of “Hold” and an average price target of $15.12.
Shares of Endo International PLC (NASDAQ:ENDP) traded down 4.91% on Thursday, hitting $7.55. 13,400,684 shares of the stock were exchanged. The firm’s 50-day moving average is $11.15 and its 200-day moving average is $11.62. The company’s market cap is $1.68 billion. Endo International PLC has a one year low of $7.52 and a one year high of $24.93.
Endo International PLC (NASDAQ:ENDP) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.19. Endo International PLC had a negative net margin of 126.93% and a positive return on equity of 37.58%. The company had revenue of $875.73 million during the quarter, compared to analyst estimates of $832.66 million. During the same period in the prior year, the business posted $0.86 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities analysts forecast that Endo International PLC will post $3.52 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Endo International PLC by 132.1% in the fourth quarter. Macquarie Group Ltd. now owns 6,500 shares of the company’s stock valued at $107,000 after buying an additional 3,700 shares in the last quarter. James Investment Research Inc. bought a new position in Endo International PLC during the second quarter valued at $113,000. Blair William & Co. IL bought a new position in Endo International PLC during the second quarter valued at $126,000. Point View Wealth Management Inc. raised its position in Endo International PLC by 12.3% in the first quarter. Point View Wealth Management Inc. now owns 11,431 shares of the company’s stock valued at $128,000 after buying an additional 1,254 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in Endo International PLC by 64.4% in the second quarter. Riverhead Capital Management LLC now owns 15,025 shares of the company’s stock valued at $168,000 after buying an additional 5,887 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
Endo International PLC Company Profile
Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.
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