Today, Patheon NV (PTHN) Receives Consensus Rating of “Buy” from Brokerages

Today, Patheon NV (PTHN) Receives Consensus Rating of “Buy” from Brokerages
Patheon NV (NASDAQ:PTHN) has received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the firm. One research analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.80.

Several research firms have weighed in on PTHN. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Patheon NV in a research report on Friday, September 9th. Leerink Swann began coverage on Patheon NV in a research report on Thursday, November 10th. They set an “outperform” rating and a $31.00 price objective on the stock. Evercore ISI began coverage on Patheon NV in a research report on Monday, August 15th. They set a “buy” rating and a $33.00 price objective on the stock. Morgan Stanley began coverage on Patheon NV in a research report on Monday, August 15th. They set an “overweight” rating and a $31.00 price objective on the stock. Finally, William Blair began coverage on Patheon NV in a research report on Monday, August 15th. They set an “outperform” rating on the stock.

In other news, Director Paul S. Levy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was bought at an average cost of $29.55 per share, for a total transaction of $295,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Levy acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of $29.64 per share, with a total value of $444,600.00. The disclosure for this purchase can be found here.

Institutional investors have recently made changes to their positions in the company. KCG Holdings Inc. purchased a new position in shares of Patheon NV during the third quarter worth $232,000. SG Americas Securities LLC purchased a new position in shares of Patheon NV during the third quarter worth $245,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Patheon NV during the third quarter worth $276,000. Monashee Investment Management LLC purchased a new position in shares of Patheon NV during the third quarter worth $297,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Patheon NV during the third quarter worth $305,000.

Shares of Patheon NV (NASDAQ:PTHN) traded up 0.68% during mid-day trading on Friday, hitting $26.53. The company had a trading volume of 100,968 shares. The firm has a 50-day moving average price of $27.55 and a 200-day moving average price of $27.50. The firm has a market capitalization of $3.85 billion and a PE ratio of 28.56. Patheon NV has a 52 week low of $24.11 and a 52 week high of $31.02.

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