Brokerages Set Bausch Health Companies Inc. (NYSE:BHC) Price Target at $33.38

Bausch Health Companies Inc. (NYSE:BHC) has been assigned a consensus rating of “Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $33.38.

Several equities research analysts have recently issued reports on BHC shares. Royal Bank of Canada decreased their price objective on Bausch Health Companies from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, November 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Bausch Health Companies in a report on Friday, October 1st. BMO Capital Markets reiterated a “hold” rating on shares of Bausch Health Companies in a report on Monday, November 8th. Finally, Zacks Investment Research upgraded Bausch Health Companies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, January 4th.

In other news, Director Steven D. Miller purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, November 30th. The stock was bought at an average cost of $24.24 per share, for a total transaction of $1,212,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.75% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Investment Advisors Ltd. bought a new position in Bausch Health Companies in the third quarter valued at approximately $56,000. Moors & Cabot Inc. acquired a new stake in shares of Bausch Health Companies during the third quarter worth $228,000. CI Investments Inc. acquired a new stake in Bausch Health Companies in the 3rd quarter valued at $73,000. Quadrant Capital Group LLC increased its stake in Bausch Health Companies by 21.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,761 shares of the company’s stock valued at $81,000 after buying an additional 490 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Bausch Health Companies by 1,084.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 3,495 shares of the company’s stock valued at $102,000 after buying an additional 3,200 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Shares of BHC stock traded down $0.04 during trading hours on Friday, reaching $26.71. 272,602 shares of the company’s stock were exchanged, compared to its average volume of 3,871,358. The company has a market cap of $9.58 billion, a P/E ratio of -8.27, a price-to-earnings-growth ratio of 0.48 and a beta of 1.64. The company’s 50 day moving average is $26.22 and its two-hundred day moving average is $27.60. Bausch Health Companies has a 1 year low of $22.99 and a 1 year high of $34.80.

Bausch Health Companies (NYSE:BHC) last released its quarterly earnings results on Tuesday, November 2nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. Bausch Health Companies had a negative return on equity of 2,440.75% and a negative net margin of 13.85%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.15 billion. Sell-side analysts forecast that Bausch Health Companies will post 4.23 EPS for the current fiscal year.

About Bausch Health Companies

Bausch Health Cos., Inc engages in the development, manufacture and market of a range of branded, generic and branded generic pharmaceuticals, medical devices and over-the-counter products. It operates through the following segments: The Bausch + Lomb/International, Salix, Ortho Dermatologics and Diversified Products.

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Analyst Recommendations for Bausch Health Companies (NYSE:BHC)

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