Bausch Health Companies (BHC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bausch Health Companies in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHC, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 1 year price objectives for Bausch Health Companies' stock. Their BHC share price forecasts range from $6.00 to $12.00. On average, they predict the company's share price to reach $8.88 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Bausch Health Companies' stock was trading at $6.28 at the beginning of the year. Since then, BHC stock has increased by 31.1% and is now trading at $8.23.
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Bausch Health Companies saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 23,350,000 shares, a decrease of 8.7% from the April 15th total of 25,580,000 shares. Based on an average trading volume of 4,300,000 shares, the short-interest ratio is presently 5.4 days. Approximately 6.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Bausch Health Companies Inc. (NYSE:BHC) announced its earnings results on Monday, August, 2nd. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.02. The business earned $2.10 billion during the quarter, compared to the consensus estimate of $2.12 billion. Bausch Health Companies had a positive trailing twelve-month return on equity of 381.67% and a negative net margin of 4.38%.

Bausch Health Companies updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.35 billion-$8.55 billion, compared to the consensus revenue estimate of $8.35 billion.

43 employees have rated Bausch Health Companies Chief Executive Officer Joseph C. Papa on Glassdoor.com. Joseph C. Papa has an approval rating of 97% among the company's employees. This puts Joseph C. Papa 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 Bausch Health Companies investors own include Gilead Sciences (GILD), Micron Technology (MU), Constellation Software (CSU), Intact Financial (IFC), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Advanced Micro Devices (AMD) and Bank of America (BAC).

Bausch Health Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHC."

Bausch Health Companies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (4.59%), Goldentree Asset Management LP (4.57%), National Bank of Canada FI (3.63%), Healthcare of Ontario Pension Plan Trust Fund (2.76%), ING Groep NV (2.08%) and Mizuho Markets Cayman LP (1.93%). Insiders that own company stock include Amy B Wechsler, Christina Ackermann, Holdings LP Valueact, Joseph F Gordon, Robert Spurr, Russell Barrans, Sam Eldessouky, Schutter Richard U De, Seana Carson, Steven D Miller and William D Humphries.
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Shares of BHC 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 BHC stock can currently be purchased for approximately $8.23.

Bausch Health Companies (NYSE:BHC) has a market capitalization of $2.98 billion and generates $8.12 billion in revenue each year. The company earns $-225,000,000.00 in net income (profit) each year or ($0.98) on an earnings per share basis.

The company employs 19,900 workers across the globe.

Bausch Health Companies' mailing address is 2150 ST. ELZEAR BLVD. WEST, LAVAL A8, H7L 4A8. The official website for the company is www.bauschhealth.com. The company can be reached via phone at (514) 744-6792, via email at ir@bauschhealth.com, or via fax at 514-744-6272.