The shares of Amneal Pharmaceuticals, Inc. (NYSE:AMRX) has been pegged with a rating of Buy by SunTrust in its latest research note that was published on March 20th, 2019. The research company has also assigned a $16 price target. SunTrust wasn’t the only research firm that published a report of Amneal Pharmaceuticals, Inc., with other equities research analysts also giving their opinion on the stock. SVB Leerink advised investors in its research note published on March 8th, 2019, to Mkt Perform the AMRX stock while also putting a $12 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on December 14th, 2018. The stock was given Hold rating by SunTrust in its report released on October 16th, 2018. RBC Capital Mkts was of a view that AMRX is Outperform in its latest report on August 13th, 2018. Morgan Stanley thinks that AMRX is worth Overweight rating. This was contained in the firm’s report on July 23rd, 2018 in which the stock’s price target was also moved to $22.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $16.80. The price of the stock the last time has dropped by -1.69% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 22.63.
The shares of the company dipped by -3.97% during the trading session on Wednesday, reaching a low of $8.23 while ending the day at $8.71. During the trading session, a total of 2.62 million shares were traded which represents a -272021.71% decline from the average session volume which is 964.41K shares. AMRX had ended its last session trading at 9.07. Amneal Pharmaceuticals, Inc. currently has a market cap of $2.76B while its P/E earnings growth sits at 1.66, with a beta of 1.35. Amneal Pharmaceuticals, Inc. debt-to-equity ratio currently stands at 5.60, while its quick ratio hovers at 1.40. AMRX 52-week low price stands at $8.86 while its 52-week high price is $24.48.
The company in its last quarterly report recorded $0.14 earnings per share which is below the $0.18 predicted by most analysts. The Amneal Pharmaceuticals, Inc. generated $446.12 million in revenue during the last quarter, which is slightly higher than the $438.76 million predicted by analysts. In the second quarter last year, the firm recorded $0.33 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -135.71%. Amneal Pharmaceuticals, Inc. has the potential to record -0.17 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on October 25th, 2018 where it informed investors and clients that Ambev S.A. (NYSE:ABEV) is now rated as Underweight. SVB Leerink also rated ABEV as Downgrade on March 8th, 2019, with its price target of $12 suggesting that ABEV could surge by 16.7% from its current share price. Even though the stock has been trading at $4.27/share, analysts expect it to surge higher by -3.04% to reach $4.97/share. It started the day trading at $4.20 and traded between $4.14 and $4.14 throughout the trading session.
A look at its technical shows that ABEV’s 50-day SMA is 4.43 while its 200-day SMA stands at 4.50. The stock has a high of $5.76 for the year while the low is $3.77. The company’s P/E ratio currently sits at 23.52, while the P/B ratio is 4.19. At the moment, only of Ambev S.A. shares were sold short. The company’s average trading volume currently stands at 27.66M shares, which means that the short-interest ratio is just 0.64 days. Over the past seven days, the company moved, with its shift of -9.21%. Looking further, the stock has dropped -14.81% over the past 90 days while it lost -0.30% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Vontobel Asset Management Inc bought more ABEV shares, increasing its portfolio by +3.70% during the last quarter. This move now sees Vontobel Asset Management Inc purchasing 6,616,365 shares in the last quarter, thus it now holds 185,412,991 shares of ABEV, with a total valuation of $873,295,188. Harding Loevner LP meanwhile sold more ABEV shares in the recently filed quarter, changing its stake to $396,519,983 worth of shares. Lazard Asset Management LLC followed the path by decreasing its ABEV portfolio by -2.35% in the quarter. This means that Lazard Asset Management LLC sold -1,877,131 shares in the last quarter and now controls 77,942,801 shares of the ABEV stock, with the valuation hitting $367,110,593.
Similarly, JPMorgan Investment Management I increased its Ambev S.A. shares by +79.55% during the recently filed quarter. After buying 28,832,637 shares in the last quarter, the firm now controls 65,077,083 shares of Ambev S.A. which are valued at $306,513,061. In the same vein, The Vanguard Group Inc increased its Ambev S.A. shares by during the most recent reported quarter. The firm bought 1,793,641 shares during the quarter which increased its stakes to 31,915,412 shares and is now valued at $150,321,591. Following these latest developments, around 0.02% of Ambev S.A. stocks are owned by institutional investors and hedge funds.