Amneal Pharmaceuticals (AMRX) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amneal Pharmaceuticals in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMRX shares.
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4 brokerages have issued 1 year price targets for Amneal Pharmaceuticals' stock. Their AMRX share price forecasts range from $3.00 to $4.00. On average, they anticipate the company's stock price to reach $3.60 in the next twelve months. This suggests a possible upside of 58.6% from the stock's current price.
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Amneal Pharmaceuticals' stock was trading at $1.99 at the beginning of 2023. Since then, AMRX stock has increased by 14.1% and is now trading at $2.27.
View the best growth stocks for 2023 here.

Amneal Pharmaceuticals saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 6,220,000 shares, a drop of 9.9% from the April 15th total of 6,900,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 6.2 days. Currently, 6.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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Amneal Pharmaceuticals, Inc. (NYSE:AMRX) announced its quarterly earnings results on Friday, May, 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $557.54 million for the quarter, compared to analysts' expectations of $555 million. Amneal Pharmaceuticals had a negative net margin of 5.93% and a positive trailing twelve-month return on equity of 107.13%. During the same period in the previous year, the company posted $0.10 EPS.

Amneal Pharmaceuticals issued an update on its FY 2023 earnings guidance on Friday, April, 21st. The company provided earnings per share (EPS) guidance of $0.40-$0.50 for the period, compared to the consensus EPS estimate of $0.50. The company issued revenue guidance of $2.25 billion-$2.35 billion, compared to the consensus revenue estimate of $2.31 billion.

23 employees have rated Amneal Pharmaceuticals Chief Executive Officer Chirag and Chintu Patel on Glassdoor.com. Chirag and Chintu Patel has an approval rating of 91% among the company's employees. This puts Chirag and Chintu Patel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Amneal Pharmaceuticals investors own include Inovio Pharmaceuticals (INO), Teva Pharmaceutical Industries (TEVA), Cisco Systems (CSCO), Micron Technology (MU), General Electric (GE), OPKO Health (OPK), Advanced Micro Devices (AMD), NVIDIA (NVDA), AbbVie (ABBV) and Bausch Health Companies (BHC).

Amneal Pharmaceuticals trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMRX."

Amneal Pharmaceuticals' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.38%), AQR Capital Management LLC (0.99%), State Street Corp (0.70%), Allspring Global Investments Holdings LLC (0.63%), Geode Capital Management LLC (0.62%) and Dimensional Fund Advisors LP (0.44%). Insiders that own company stock include Chirag K Patel, Gautam Patel, Joseph Todisco, Nikita Shah and Tpg Gp A, Llc.
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Shares of AMRX 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.
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One share of AMRX stock can currently be purchased for approximately $2.27.

Amneal Pharmaceuticals (NYSE:AMRX) has a market capitalization of $693.37 million and generates $2.21 billion in revenue each year. The company earns $-129,990,000.00 in net income (profit) each year or ($0.90) on an earnings per share basis.

The company employs 7,600 workers across the globe.

Amneal Pharmaceuticals' mailing address is 400 CROSSING BOULEVARD, BRIDGEWATER NJ, 08807. The official website for the company is www.amneal.com. The company can be reached via phone at (908) 947-3120, via email at invest@amneal.com, or via fax at 908-947-3146.