Viatris Inc. (VTRS) shares are trading at higher $17.60 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $21.56.
To add more color to this target, the company’s high over the last year is $23.11 and the low is $12.75. Over the last 52 weeks, VTRS is down -6.88% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, VTRS reported a profit of $1.16 billion. Viatris Inc. also saw revenues increase to $2.97 billion. In addition, VTRS has free cash flow of $1.07 billion as of 09-2020. The company’s EBITDA came in at $783.7 million which compares well with its peers.
VTRS booked profit margins of 2.30%, its Return on Equity (ROE) is 2.20%, and its Return on Assets is 0.90%. All told, it is clear that, VTRS needs to be on your watchlist.
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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. VTRS has a short ratio of 5.43 and outstanding shares of 516.90M.
VTRS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 17.08 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.52. Viatris Inc. VTRS also noted assets of $31.24 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VTRS has historically followed its peers on positive news.
All told, Viatris Inc. VTRS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VTRS 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.
Viatris Inc. VTRS is now commanding a market cap of 21.39B and a float of 513.58M. VTRS 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 VTRS 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 VTRS, either long or short, and we have not been compensated for this article.