Baird Downgrades Patheon N.V. Ordinary shares, par value 0.01 per share to Neutral with Price Target $28

Brokerage firm Baird Downgrades its rating on Patheon N.V. Ordinary shares, par value 0.01 per share(PTHN). As per the latest information, Baird Lowers the price target to $28 per share from a prior target of $34. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Baird was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 17, 2017, KeyBanc said it Downgrades its rating on Patheon N.V. Ordinary shares, par value 0.01 per share. The shares have been rated ‘Sector Weight’ by the firm.

Patheon N.V. Ordinary shares, par value 0.01 per share (PTHN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.42% or 0.11 points. Due to strong positive momentum, the stock ended at $26.49, which is also near the day’s high of $26.79. The stock began the session at $26.43 and the volume stood at 7,02,195 shares. The 52-week high of the shares is $32.95 and the 52 week low is $23.7201. The company has a current market capitalization of $3,845 M and it has 14,51,36,210 shares in outstanding.

Patheon N.V. Ordinary shares, par value 0.01 per share(PTHN) last announced its earnings results on Mar 16, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $457.400M. Analysts had an estimated revenue of $463.860M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.23.

Add Comment