Endo International PLC (ENDP) Bond Prices Rise 2.3% Analyst

An issue of Endo International PLC (NASDAQ:ENDP) (TSE:ENL) bonds rose 2.3% against their face value during trading on Friday after BMO Capital Markets lowered their price target on the stock from $11.00 to $10.00. The debt issue has a 6% coupon and will mature on July 15, 2023. The debt is now trading at $74.50 and was trading at $77.87 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

ENDP has been the subject of a number of other research reports. Royal Bank of Canada restated a “sector perform” rating and set a $9.00 price objective (down previously from $15.00) on shares of Endo International PLC in a research report on Wednesday, August 9th. Morgan Stanley cut their price objective on shares of Endo International PLC from $12.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, August 10th. Deutsche Bank AG set a $13.00 price objective on shares of Endo International PLC and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Endo International PLC from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Citigroup Inc. cut their price objective on shares of Endo International PLC from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.67.

In other news, CEO Paul Campanelli purchased 6,500 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $7.71 per share, with a total value of $50,115.00. Following the purchase, the chief executive officer now directly owns 213,620 shares of the company’s stock, valued at $1,647,010.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 16,000 shares of company stock worth $125,460 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ENDP. Diamond Hill Capital Management Inc. acquired a new stake in shares of Endo International PLC during the 2nd quarter worth about $5,454,000. Canada Pension Plan Investment Board boosted its stake in shares of Endo International PLC by 93.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 565,240 shares of the company’s stock worth $6,314,000 after purchasing an additional 273,024 shares during the last quarter. Sivik Global Healthcare LLC acquired a new stake in shares of Endo International PLC during the 2nd quarter worth about $2,793,000. River & Mercantile Asset Management LLP boosted its stake in shares of Endo International PLC by 116.3% during the 3rd quarter. River & Mercantile Asset Management LLP now owns 358,540 shares of the company’s stock worth $3,071,000 after purchasing an additional 192,790 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Endo International PLC by 67.1% during the 3rd quarter. Van ECK Associates Corp now owns 340,991 shares of the company’s stock worth $2,921,000 after purchasing an additional 136,873 shares during the last quarter. 90.32% of the stock is currently owned by institutional investors.

The stock has a market cap of $1,359.98, a P/E ratio of 1.26 and a beta of 0.53. The company has a debt-to-equity ratio of 10.20, a current ratio of 1.02 and a quick ratio of 0.80.

Endo International PLC (NASDAQ:ENDP) (TSE:ENL) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Endo International PLC had a negative net margin of 126.97% and a positive return on equity of 56.97%. The company had revenue of $786.90 million for the quarter, compared to analysts’ expectations of $794.93 million. During the same period last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. equities research analysts forecast that Endo International PLC will post 3.54 EPS for the current fiscal year.

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About Endo International PLC

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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