Taro Pharmaceutical Industries (NYSE:TARO) was upgraded by equities research analysts at ValuEngine from a "sell" rating to a "hold" rating in a report issued on Monday, ValuEngine reports.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut Taro Pharmaceutical Industries from a "hold" rating to a "strong sell" rating in a research note on Saturday. HC Wainwright decreased their target price on Taro Pharmaceutical Industries from $96.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, July 27th.
Shares of NYSE:TARO traded up $0.44 on Monday, hitting $65.45. The company's stock had a trading volume of 25,019 shares, compared to its average volume of 41,241. Taro Pharmaceutical Industries has a 12 month low of $56.07 and a 12 month high of $99.69. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -9.73 and a beta of 0.77. The stock's 50-day moving average is $66.19 and its two-hundred day moving average is $68.96.
Taro Pharmaceutical Industries (NYSE:TARO) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($11.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.16 by ($12.53). Taro Pharmaceutical Industries had a positive return on equity of 10.51% and a negative net margin of 42.73%. The business had revenue of $117.63 million during the quarter, compared to the consensus estimate of $158.35 million. On average, equities research analysts expect that Taro Pharmaceutical Industries will post -3.54 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Taro Pharmaceutical Industries during the first quarter valued at $29,000. CWM Advisors LLC purchased a new stake in shares of Taro Pharmaceutical Industries during the first quarter valued at $62,000. Cutler Group LP lifted its holdings in shares of Taro Pharmaceutical Industries by 57.1% during the second quarter. Cutler Group LP now owns 1,100 shares of the company's stock valued at $73,000 after purchasing an additional 400 shares during the last quarter. Aigen Investment Management LP lifted its holdings in shares of Taro Pharmaceutical Industries by 25.6% during the first quarter. Aigen Investment Management LP now owns 3,188 shares of the company's stock valued at $195,000 after purchasing an additional 649 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Taro Pharmaceutical Industries by 12.6% during the first quarter. Russell Investments Group Ltd. now owns 3,867 shares of the company's stock valued at $241,000 after purchasing an additional 434 shares during the last quarter. 11.60% of the stock is owned by institutional investors and hedge funds.
About Taro Pharmaceutical Industries
Taro Pharmaceutical Industries Ltd., a science-based pharmaceutical company, engages in the development, manufacture, and marketing of pharmaceutical products in the United States, Canada, Israel, and internationally. It offers prescription and over-the-counter pharmaceutical products focusing on primary areas, including topical creams and ointments, liquids, capsules, and tablets in the dermatological and topical, cardiovascular, neuropsychiatric, and anti-inflammatory therapeutic categories.
Featured Article: Capital gains and your 401(k) or IRA
To view ValuEngine's full report, visit ValuEngine's official website.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Aggressive Investors Can Buy Now
There’s nothing like a steep market correction to test the risk appetite of even the most seasoned investor. With many investors seeing their 401k’s down 25%, 30% or more, it’s not surprising that many investors are taking money off the table.
And even during the most bullish market conditions, keeping some powder dry is a prudent decision.
But if you have an above-average risk appetite, then sitting on the sidelines is not your cup of tea. If you’re an investor with above-average risk tolerance, there are some opportunities to profit in this market. But you have to be looking in the right places.
At this time, the small-cap sector offers some interesting choices. Small-cap stocks are companies that have a market cap of less than $2 billion. Many of these stocks fall under the category of penny stocks, but that doesn’t make them bad. In some cases, they’re just obscure companies.
But right now, many investors will take growth wherever they can get it. And that’s why you should take a careful look at the 7 stocks we have in this presentation. The cost of entry is not high and the potential reward is worth your interest.
View the "7 Stocks That Aggressive Investors Can Buy Now".