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NASDAQ:VRTX

Vertex Pharmaceuticals - VRTX Stock Forecast, Price & News

$295.72
-0.05 (-0.02%)
(As of 08/11/2022 11:16 AM ET)
Add
Compare
Today's Range
$293.40
$297.68
50-Day Range
$245.39
$298.83
52-Week Range
$176.36
$301.80
Volume
13,676 shs
Average Volume
1.48 million shs
Market Capitalization
$75.84 billion
P/E Ratio
23.91
Dividend Yield
N/A
Price Target
$290.05

Vertex Pharmaceuticals MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
1.9% Downside
$290.05 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.12
Upright™ Environmental Score
News Sentiment
0.27mentions of Vertex Pharmaceuticals in the last 14 days
Based on 44 Articles This Week
Insider Trading
Selling Shares
$48.49 M Sold Last Quarter
Proj. Earnings Growth
7.73%
From $12.42 to $13.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Medical Sector

300th out of 1,108 stocks

Pharmaceutical Preparations Industry

133rd out of 542 stocks

VRTX stock logo

About Vertex Pharmaceuticals (NASDAQ:VRTX) Stock

Vertex Pharmaceuticals Incorporated, a biotechnology company, engages in developing and commercializing therapies for treating cystic fibrosis. The company markets SYMDEKO/SYMKEVI, ORKAMBI, and KALYDECO to treat patients with cystic fibrosis who have specific mutations in their cystic fibrosis transmembrane conductance regulator gene; and TRIKAFTA for the treatment of patients with CF 6 years of age or older who have at least one F508del mutation. Its pipeline includes VX-864 for the treatment of AAT deficiency, which is in Phase 2 clinical trial; VX-147 for the treatment of APOL1-mediated focal segmental glomerulosclerosis, or FSGS, and other serious kidney diseases which is in Phase 2 clinical trial; VX- 880, treatment for Type 1 Diabetes which is in Phase 1/2 clinical trial; VX-548, a NaV1.8 inhibitor for treatments of acute, neuropathic, musculoskeletal pain which is in Phase 2 clinical trial; and CTX001 for the treatment severe SCD and TDT which is in Phase 3 clinical trial. The company sells its products primarily to specialty pharmacy and specialty distributors in the United States, as well as specialty distributors and retail chains, and hospitals and clinics internationally. It has collaborations with Affinia Therapeutics, Inc.; Arbor Biotechnologies, Inc.; CRISPR Therapeutics AG.; Kymera Therapeutics, Inc.; Mammoth Biosciences, Inc.; Moderna, Inc.; Obsidian Therapeutics, Inc.; and Skyhawk Therapeutics, Inc.; as well as Ribometrix, Inc.; Genomics plc; Merck KGaA; Darmstadt, Germany, and X-Chem, Inc. Vertex Pharmaceuticals Incorporated was founded in 1989 and is headquartered in Boston, Massachusetts.

Analyst Ratings Changes

A number of research analysts recently weighed in on VRTX shares. HC Wainwright raised their price objective on Vertex Pharmaceuticals from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, August 5th. Wells Fargo & Company lifted their target price on Vertex Pharmaceuticals from $300.00 to $305.00 in a report on Friday, May 6th. Argus lifted their target price on Vertex Pharmaceuticals from $275.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, June 13th. Piper Sandler lifted their target price on Vertex Pharmaceuticals from $242.00 to $256.00 and gave the stock a "neutral" rating in a report on Tuesday, July 26th. Finally, SVB Leerink initiated coverage on Vertex Pharmaceuticals in a report on Monday, May 23rd. They issued a "market perform" rating and a $265.00 target price for the company. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Vertex Pharmaceuticals currently has a consensus rating of "Moderate Buy" and a consensus target price of $290.05.

Vertex Pharmaceuticals Price Performance

NASDAQ:VRTX opened at $295.77 on Thursday. The company has a market capitalization of $75.64 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 2.13 and a beta of 0.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.72 and a current ratio of 3.84. The business's fifty day moving average is $278.51 and its 200 day moving average is $262.00. Vertex Pharmaceuticals has a fifty-two week low of $176.36 and a fifty-two week high of $301.80.

Vertex Pharmaceuticals (NASDAQ:VRTX - Get Rating) last released its earnings results on Thursday, August 4th. The pharmaceutical company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.48. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. Vertex Pharmaceuticals had a return on equity of 31.22% and a net margin of 38.26%. Vertex Pharmaceuticals's quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 earnings per share. Sell-side analysts predict that Vertex Pharmaceuticals will post 12.36 earnings per share for the current year.

Insider Activity at Vertex Pharmaceuticals

In related news, COO Stuart A. Arbuckle sold 5,690 shares of Vertex Pharmaceuticals stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $300.67, for a total transaction of $1,710,812.30. Following the transaction, the chief operating officer now directly owns 60,996 shares in the company, valued at $18,339,667.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Stuart A. Arbuckle sold 5,690 shares of the business's stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $300.67, for a total value of $1,710,812.30. Following the transaction, the chief operating officer now directly owns 60,996 shares in the company, valued at $18,339,667.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reshma Kewalramani sold 11,689 shares of the business's stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $291.30, for a total value of $3,405,005.70. Following the completion of the transaction, the chief executive officer now owns 111,153 shares in the company, valued at $32,378,868.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,911 shares of company stock worth $48,494,385. Corporate insiders own 0.40% of the company's stock.

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VRTX Stock News Headlines

Vertex Pharmaceuticals Lifts FY22 Product Revenue Outlook
Vertex Pharmaceuticals Inc. Reveals Rise In Q2 Bottom Line
12 Best Healthcare Stocks To Buy Now
Where Will CRISPR Therapeutics Be in 1 Year?
See More Headlines
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VRTX Company Calendar

Last Earnings
8/04/2022
Today
8/11/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:VRTX
CUSIP
92532F10
Employees
3,900
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$290.05
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$222.00
Forecasted Upside/Downside
-1.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

Net Income
$2.34 billion
Pretax Margin
47.10%

Debt

Sales & Book Value

Annual Sales
$7.57 billion
Cash Flow
$12.50 per share
Book Value
$46.53 per share

Miscellaneous

Free Float
255,433,000
Market Cap
$75.84 billion
Optionable
Optionable
Beta
0.45

Social Links


Key Executives














VRTX Stock - Frequently Asked Questions

Should I buy or sell Vertex Pharmaceuticals stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vertex Pharmaceuticals in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" VRTX shares.
View VRTX analyst ratings
or view top-rated stocks.

What is Vertex Pharmaceuticals' stock price forecast for 2022?

17 brokerages have issued 12-month target prices for Vertex Pharmaceuticals' shares. Their VRTX share price forecasts range from $222.00 to $365.00. On average, they anticipate the company's share price to reach $290.05 in the next year. This suggests that the stock has a possible downside of 1.9%.
View analysts price targets for VRTX
or view top-rated stocks among Wall Street analysts.

How have VRTX shares performed in 2022?

Vertex Pharmaceuticals' stock was trading at $219.60 at the beginning of 2022. Since then, VRTX shares have increased by 34.7% and is now trading at $295.77.
View the best growth stocks for 2022 here
.

When is Vertex Pharmaceuticals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our VRTX earnings forecast
.

How were Vertex Pharmaceuticals' earnings last quarter?

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) released its earnings results on Thursday, August, 4th. The pharmaceutical company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.48. The pharmaceutical company earned $2.20 billion during the quarter, compared to analysts' expectations of $2.13 billion. Vertex Pharmaceuticals had a trailing twelve-month return on equity of 31.22% and a net margin of 38.26%. The business's quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 earnings per share.
Read the conference call transcript
.

What guidance has Vertex Pharmaceuticals issued on next quarter's earnings?

Vertex Pharmaceuticals issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.60 billion-$8.80 billion, compared to the consensus revenue estimate of $8.58 billion.

What is Reshma Kewalramani's approval rating as Vertex Pharmaceuticals' CEO?

31 employees have rated Vertex Pharmaceuticals Chief Executive Officer Reshma Kewalramani on Glassdoor.com. Reshma Kewalramani has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Vertex Pharmaceuticals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vertex Pharmaceuticals investors own include NVIDIA (NVDA), Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS), Alibaba Group (BABA), Advanced Micro Devices (AMD), Gilead Sciences (GILD), Micron Technology (MU), Salesforce (CRM), Netflix (NFLX), Intel (INTC) and PayPal (PYPL).

What is Vertex Pharmaceuticals' stock symbol?

Vertex Pharmaceuticals trades on the NASDAQ under the ticker symbol "VRTX."

Who are Vertex Pharmaceuticals' major shareholders?

Vertex Pharmaceuticals' stock is owned by a variety of institutional and retail investors. Top institutional investors include Loomis Sayles & Co. L P (1.74%), California Public Employees Retirement System (0.73%), Jennison Associates LLC (0.69%), Swiss National Bank (0.43%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and Lazard Asset Management LLC (0.34%). Insiders that own company stock include Amit Sachdev, Bastiano Sanna, Bruce I Sachs, Charles F Wagner Jr, David Altshuler, Jeffrey M Leiden, Joy Liu, Kristen Ambrose, Margaret G Mcglynn, Michael Parini, Ourania Tatsis, Paul M Silva, Reshma Kewalramani, Sangeeta N Bhatia, Sangeeta N Bhatia, Stuart A Arbuckle, William D Young and Yuchun Lee.
View institutional ownership trends
.

How do I buy shares of Vertex Pharmaceuticals?

Shares of VRTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Vertex Pharmaceuticals' stock price today?

One share of VRTX stock can currently be purchased for approximately $295.77.

How much money does Vertex Pharmaceuticals make?

Vertex Pharmaceuticals (NASDAQ:VRTX) has a market capitalization of $75.64 billion and generates $7.57 billion in revenue each year. The pharmaceutical company earns $2.34 billion in net income (profit) each year or $12.37 on an earnings per share basis.

How many employees does Vertex Pharmaceuticals have?

The company employs 3,900 workers across the globe.

Does Vertex Pharmaceuticals have any subsidiaries?

The following companies are subsidiares of Vertex Pharmaceuticals: Aurora Biosciences Corporation, Exonics Therapeutics, Semma Therapeutics, The Vertex Foundation Inc., Torreyana Insurance Company Inc., Vectrus, Vertex Farmaceutica do Brasil LTDA, Vertex Holdings Inc., Vertex Pharmaceuticals (Australia) Pty. Ltd., Vertex Pharmaceuticals (CH) GmbH, Vertex Pharmaceuticals (Canada) Incorporated, Vertex Pharmaceuticals (Cayman 509) Limited, Vertex Pharmaceuticals (Cayman 765) Limited, Vertex Pharmaceuticals (Cayman 787) Limited, Vertex Pharmaceuticals (Cayman III) Limited, Vertex Pharmaceuticals (Cayman) Limited, Vertex Pharmaceuticals (Czech Republic) s.r.o, Vertex Pharmaceuticals (Delaware) LLC, Vertex Pharmaceuticals (Distribution) Incorporated, Vertex Pharmaceuticals (Europe) Limited, Vertex Pharmaceuticals (France) SAS, Vertex Pharmaceuticals (Germany) GmbH, Vertex Pharmaceuticals (Ireland) Limited, Vertex Pharmaceuticals (Italy) S.r.L., Vertex Pharmaceuticals (Netherlands) B.V., Vertex Pharmaceuticals (Poland) sp. z.o.o, Vertex Pharmaceuticals (Portugal), Vertex Pharmaceuticals (Puerto Rico) LLC, Vertex Pharmaceuticals (San Diego) LLC, Vertex Pharmaceuticals (Singapore) Pte. Ltd., Vertex Pharmaceuticals (Spain) S.L., Vertex Pharmaceuticals (Sweden) AB, Vertex Pharmaceuticals (U.K.) Limited, Vertex Pharmaceuticals GmbH, Vertex Pharmaceuticals Single Member Societe Anonyme, and Vertex Securities Corporation.
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When was Vertex Pharmaceuticals founded?

Vertex Pharmaceuticals was founded in 1989.

How can I contact Vertex Pharmaceuticals?

Vertex Pharmaceuticals' mailing address is 50 NORTHERN AVENUE, BOSTON MA, 02210. The official website for the company is www.vrtx.com. The pharmaceutical company can be reached via phone at (617) 341-6100, via email at investorinfo@vrtx.com, or via fax at 617-576-2109.

This page (NASDAQ:VRTX) was last updated on 8/11/2022 by MarketBeat.com Staff

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