63 F
New York
Friday, September 25, 2020

The Forecast Just Changed on Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)

Must read

Is Now the Time to Invest in Euronav NV (NYSE:EURN)?

Euronav NV (EURN) shares are trading at lower $8.72 and the avg recommendation for the stock is Strong Buy. while the current analyst price...

Cincinnati Financial Corporation (NASDAQ:CINF) Finding Zero Support

Cincinnati Financial Corporation (CINF) shares are trading at lower $74.95 and the avg recommendation for the stock is Hold. while the current analyst price...

Yum! Brands Inc. (NYSE:YUM) is Gaining Momentum on Earnings Catalyst

Yum! Brands Inc. (YUM) shares are trading at lower $89.77 and the avg recommendation for the stock is Moderate Buy. while the current analyst...

Compugen Ltd. (NASDAQ:CGEN) on the Path to Ruin

Compugen Ltd. (CGEN) shares are trading at lower $16.30 and the avg recommendation for the stock is Strong Buy. while the current analyst price...

The Vertex Pharmaceuticals Incorporated (VRTX) shares are trading at higher $293.83 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $290.36.

To add more color to this target, the company’s high over the last year is $306.08 and the low is $165.23. Over the last 52 weeks, VRTX is down -4.00% while the S&P 500 is up 1.30%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VRTX reported a profit of $1.35 billion. Vertex Pharmaceuticals Incorporated also saw revenues increase to $1.52 billion. In addition, VRTX has free cash flow of $796.25 million as of 03-2020. The company’s EBITDA came in at $747.04 million which compares well with its peers.

VRTX booked profit margins of 31.40%, its Return on Equity (ROE) is 26.40%, and its Return on Assets is 19.00%. All told, it is clear that, VRTX needs to be on your watchlist.

Find out when VRTX reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VRTX has a short ratio of 2.24 and outstanding shares of 259.82M.

Company Outlook

VRTX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.76. Vertex Pharmaceuticals Incorporated VRTX also noted assets of $8.89 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VRTX has historically followed its peers on positive news.

All told, Vertex Pharmaceuticals Incorporated VRTX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VRTX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Vertex Pharmaceuticals Incorporated VRTX is now commanding a market cap of 76.43B and a float of 258.88M. VRTX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VRTX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VRTX, either long or short, and we have not been compensated for this article.

Latest article

Renewed Optimism is Surrounding Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (XOM) shares are trading at lower $34.32 and the avg recommendation for the stock is Hold, while the current analyst price...

The Boeing Company (NYSE:BA) is Waving the Bear Flag

The Boeing Company (BA) shares are trading at lower $146.05 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Forecast Just Changed on Marathon Oil Corporation (NYSE:MRO)

Marathon Oil Corporation (MRO) shares are trading at higher $4.31 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Freeport-McMoRan Inc. (NYSE:FCX) on the Path to Profitability

Freeport-McMoRan Inc. (FCX) shares are trading at higher $15.38 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Is Now the Time to Invest in Intel Corporation (NASDAQ:INTC)?

Intel Corporation (INTC) shares are trading at higher $49.16 and the avg recommendation for the stock is Hold, while the current analyst price target...