Endo International plc (NASDAQ:ENDP) has been upgraded by Canaccord Genuity, which now rates the stock as Buy versus Hold prior rating , according to a note issued on November 09. Analysts at Goldman, shed their negative views on September 11 by lifting it fromSell to Neutral. The stock won favor of RBC Capital Mkts analysts who expressed their confidence in it using an upgrade from Sector Perform to Outperform on August 13.
Endo International plc (ENDP) hit an intraday high Tuesday at $12.5474. The shares finished at $12.06, after trading as low as $11.97 earlier in the session. It dropped -1.47% in recent trade and currently has a stock-market value of $2.73B. Trading activity significantly weakened as the volume at ready counter decreased to 3,426,877 shares versus 4,554,830 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,401,703 shares. The stock is now 128.84% above against its bear-market low of $5.27 on April 04, 2018. It has retreated -53.4% since it’s 52-week high of $18.5 reached in October. Now the market price is up 65.89% on the year and up 55.61% YTD.
ENDP’s 50 day simple moving average (SMA 50) price is $15.43 and its 200-day simple moving average (SMA 200) price is $11.04. The company’s stock currently has a total float of 201.61M shares. Its weekly volatility is hovering around 5.28% and felt 6.22% volatility in price over a month. On the upside, the share price will test short term resistance at around $12.42. On a downside, the stock is likely to find some support, which begins at $11.84. The failure to get near-term support could push it to $11.61.
Separately, it has been reported that multiple insider activity took place at Endo International plc (ENDP). Director Hutson Nancy J sold 10,000 shares for $49,970 in transaction occurred on 2018/11/15. After making this transaction, the Director owns a direct stake of 128,300 shares, worth $602,638, as per the last closing price. On 2018/08/14 Kimmel Roger H, Director at ENDP, dumped 26,074 shares at an average price of $15.9 per share. The selling total is valued at $3,199,241.
Director, Kimmel Roger H had divested 9,134 shares for $275,079 through a trade on 2017/11/15. Following this activity, the insider holds 63,025 shares worth $3,317,453 as of recent close. Wall Street’s most bullish Endo International plc (NASDAQ:ENDP) analysts are predicting the share price to blow past $24 per share during the next 12 months. The current median share price forecast by them is $17, suggesting that the stock could increase 40.96% in that time frame. The average price target of $16.43 calls for a nearly 36.24% increase in the stock price.
Moreover, it trades for 4.42 times the next 12 months of expected earnings. Compared to others, Endo International plc is in a different league with regards to profitability, having net margins of -37.8%. To put some perspective around this, the industry’s average net margin is 11.16%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 0.
Shares of Endo International plc (ENDP) have dropped -23.6% since the company’s last earnings report. Over the past 12 fiscal quarters, Endo International plc (NASDAQ:ENDP) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. ENDP last reported earnings on November 08, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.71 per share, -96.59% change on the same period last year. That was better than consensus for $0.59. Revenue for the recent quarter stood at $745.47 million, down -5% on last year and above the $694.93 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $712.17 million to $760.92 million, which should be compared with $790.67 million generated last year. EPS is seen in a range of $0.53 to $0.66, against the $0.76 reported a year ago.