Shire PLC (SHPG) Receives "Buy" Rating from Stifel Nicolaus

04 Août, 2017, 21:05 | Author: Marc Bacque
  • The FTSE 100 drugmaker could split in two
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Paul Grover

According to Zacks, "The approval of Mydayis is likely to boost Shire's ADHD segment dominance while strong performance of Vyvanse, Cinryze and Elaprase will continue to drive Shire's top line". The year-earlier period only included around one month's sales from Baxalta, which Shire formally acquired on June 3, 2016. Michigan-based Northpointe Cap Limited Liability Company has invested 0.49% in Kadant Inc. (NYSE:KAI) news were published by: Seekingalpha.com which released: "Kadant's (KAI) CEO Jon Painter on Q2 2017 Results - Earnings Call Transcript" on August 02, 2017. And with the strength and scale of the enlarged group, I'm not surprised that Flemming Ornskov commented that the board is "very confident about Shire's long-term prospects".

Several equities analysts have recently weighed in on SHPG shares. BidaskClub raised Shire PLC from a "strong sell" rating to a "sell" rating in a research note on Friday, June 23rd. The stock of Novartis AG (ADR) (NYSE:NVS) has "Neutral" rating given on Thursday, March 23 by Goldman Sachs. The stock of Shire PLC (ADR) (NASDAQ:SHPG) earned "Outperform" rating by Leerink Swann on Tuesday, November 17. (The) reissued a "conviction-buy" rating on shares of Shire PLC in a research note on Friday, April 14th. Through this figure traders can analyze that SHPG show whether or not a stock now most active and standing in buying side or sell side. The stock of Shire PLC (ADR) (NASDAQ:SHPG) earned "Outperform" rating by Northland Capital on Wednesday, October 14.

Shire rose 3% in London trading on Thursday, outpacing the gains seen elsewhere across the drugs sector. The company has market cap of $1.12 million. Shire PLC has a 52 week low of $155.21 and a 52 week high of $209.22.

Shire plc (SHP.L, SHPG) reported that its net income for the second-quarter was $240.3 million compared to a loss of $162.1 million previous year. The biopharmaceutical company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.20. The company had revenue of $3.75 billion for the quarter. Shire PLC had a net margin of 2.14% and a return on equity of 13.05%. Shire PLC's revenue for the quarter was up 109.0% on a year-over-year basis. Thursday Earnings per American Depositary Shares for the second-quarter were $0.79, compared to loss per ADS of $0.71 in the prior year, primarily due to higher operating income due to the inclusion of a full quarter of Baxalta income and the impact of lower losses from discontinued operations related to the divested Dermagraft business.

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Other institutional investors have also recently made changes to their positions in the company.

Shire shares have declined almost 2 percent since the beginning of the year. Vanguard Group Inc. now owns 1,542,634 shares of the biopharmaceutical company's stock worth $268,773,000 after buying an additional 13,665 shares during the last quarter.

Among 22 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 18 have Buy rating, 0 Sell and 4 Hold.

Richard Barrera increased its stake in Shire Plc (SHPG) by 103.55% based on its latest 2016Q4 regulatory filing with the SEC. BlackRock Inc. now owns 1,433,475 shares of the biopharmaceutical company's stock worth $249,755,000 after buying an additional 1,400,275 shares during the last quarter. Inspirion Wealth Advisors LLC increased its position in shares of Shire PLC by 0.4% in the second quarter. Neville Rodie & Shaw Inc.'s holdings in Shire PLC were worth $863,000 at the end of the most recent quarter.

Shire plc is a biotech company focused on serving people with rare diseases and other specialized conditions.

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