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Next Weeks Broker Price Targets For Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)

21 March 2017

The share price of the company (NASDAQ:VRTX) was down -2.34%, with a high of 94.86 during the day and the volume of Vertex Pharmaceuticals Incorporated shares traded was 1449700.

Vertex Pharmaceuticals Incorporated (VRTX) now has a consensus Price Target of $99.7. They now have a United States dollars 78 price target on the stock.

Vertex Pharmaceuticals Incorporated was upgraded to "market outperform" by analysts at JMP Securities.

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3/7/2017-BMO Capital Markets Reiterated Rating of Market Perform. From a summary standpoint, we track the median one-year price target among 22 analysts covering the company at $100.00. Barclays PLC downgraded Vertex Pharmaceuticals from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $100.00 to $90.00 in a report on Tuesday, November 29th. Additionally UBS issued their verdict on the stock of the company, on record date of Mar-09-17 the stock was "Initiated" as Buy at $106 besides that on Mar-01-17 Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) was "Initiated" by Citigroup as Buy at $105. Its marketed medicines are ORKAMBI and KALYDECO, which are approved to treat patients with CF having specific mutations in their CF transmembrane conductance regulator (CFTR) gene. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock's market capitalization is 22.95B, it has a 52-week low of 71.46 and a 52-week high of 103.73.

The stock's 50 day moving average is 88.93 and its 200 day moving average is 85.23.

In the company's last quarter, Vertex Pharmaceuticals Incorporated (NASDAQ) EPS moved to $0.35 from $0.16 compared sequentially with the prior quarter. The pharmaceutical company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.06. For the current year Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) has set to release EPS of $1.66 as per the sentiments of 25 analysts, however according to 22 analysts, the company expected to release $2.95 EPS for next year. On average, analysts predict that Vertex Pharmaceuticals will post $1.62 earnings per share for the current year. The SEC filing shows that Arbuckle Stuart A performed a sale of 3,792 shares. Following the sale, the director now owns 274,725 shares of the company's stock, valued at approximately $20,420,309.25.

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On 12/14/2016 Joshua S Boger, Director, sold 6,500 with an average share price of $77.52 per share and the total transaction amounting to $503,880.00. The shares were sold at an average price of $82.48, for a total transaction of $659,840.00. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. The volatility in the previous week has experienced by 1.85% and observed of 2.32% in the previous month.96.60% ownership is held by institutional investors while insiders hold ownership of 0.50%. WFG Advisors LP now owns 24,800 shares of the pharmaceutical company's stock valued at $2,188,000 after buying an additional 24,779 shares during the period. First Manhattan Co. increased its stake in Vertex Pharmaceuticals by 175.2% in the third quarter. Jennison Associates LLC now owns 5,180,761 shares of the pharmaceutical company's stock valued at $451,814,000 after buying an additional 2,205,961 shares during the period. State Street Corp raised its position in shares of Vertex Pharmaceuticals by 2.7% in the fourth quarter.

Vertex Pharmaceuticals Incorporated is engaged in the business of discovering, developing, manufacturing and commercializing medicines for serious diseases.

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04/29/2016 - Vertex Pharmaceuticals Incorporated had its " rating reiterated by analysts at Needham & Company. The Company is focused on developing and commercializing therapies for the treatment of cystic fibrosis (CF) and advancing its research and development programs in other indications.

Next Weeks Broker Price Targets For Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)