Patheon N.V. Ordinary shares, p (NYSE:PTHN) has been the object of insider buying activity recently. Paul S. Levy, Director bought $1,036,370 worth of shares at an average price of $28.01 on Mon the 12th. That brings the Director’s holdings to $1,036,370 as recorded in a recent Form 4 SEC filing. Jeffrey P. Mcmullen, Director disclosed the purchase of 10,000 shares. The shares were purchased at an average price of $19.85. The Director now owns $434,814 of the stock per the Form 4 SEC filing.
Pamela Daley, Director reported the purchase of 48,800 shares of (PTHN). The shares were bought on July 26th for an average price of $19.85. Daley now owns $1,204,994 of the stock according to the SEC filing.
On August 23 analysts at William Blair started covering the stock by announcing an initial rating of “Outperform”. Evercore ISI Group began coverage of PTHN giving it an initial rating of “Buy” and a price target of $33.00.
Equity analyst Jefferies initiated coverage on the stock setting a rating of “Buy” and projecting a price target of $33.00. On August 15, 2016 UBS issued its first research report on the stock with a rating of “Overweight” and price target of $31.00.
On August 15, 2016 JP Morgan starting coverage on the stock with an initial rating of “Overweight” and establishing a price target of $31.00. Equity analyst PiperJaffray initiated coverage with an initial rating of “Overweight” and setting a price target of $31.00.
In the market the company is trading down by -0.60 percent from yesterday’s close. Shares are trading at $29.61 barely above $27.95, the 50 day moving average and which is a tad above the 200 day moving average of $27.25. The 50 day moving average was up $1.66 whereas the 200 day average was up by +8.64%.
The P/E ratio is currently 31.87 and the market value is 4.30B. In the last earnings report the EPS was $0.93 and is expected to be $0.97 for the current year with 145,074,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.24 with next year’s EPS anticipated to be $1.41.