Endo International PLC (ENDP) Debt Trading 1.1% Lower

An issue of Endo International PLC (NASDAQ:ENDP) bonds fell 1.1% against their face value during trading on Monday. The high-yield issue of debt has a 5.375% coupon and is set to mature on January 15, 2023. The debt is now trading at $86.50 and was trading at $84.25 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

ENDP has been the topic of several recent research reports. William Blair reissued a “market perform” rating on shares of Endo International PLC in a research note on Wednesday, June 14th. Stifel Nicolaus downgraded Endo International PLC from a “buy” rating to a “hold” rating and dropped their price target for the company from $22.00 to $15.00 in a research note on Friday, June 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price target (down previously from $15.00) on shares of Endo International PLC in a research note on Wednesday, August 9th. Vetr raised Endo International PLC from a “strong sell” rating to a “sell” rating and set a $11.34 price target on the stock in a research note on Wednesday, May 17th. Finally, Morgan Stanley lowered their target price on Endo International PLC from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.75.

Shares of Endo International PLC (NASDAQ ENDP) opened at 8.72 on Friday. The stock has a 50 day moving average of $10.47 and a 200-day moving average of $11.43. Endo International PLC has a 52-week low of $7.41 and a 52-week high of $24.93. The firm’s market capitalization is $1.95 billion.

Endo International PLC (NASDAQ:ENDP) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.19. The business had revenue of $875.73 million during the quarter, compared to analyst estimates of $832.66 million. Endo International PLC had a negative net margin of 126.93% and a positive return on equity of 37.58%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Equities analysts expect that Endo International PLC will post $3.52 earnings per share for the current fiscal year.

In related news, CFO Blaise Coleman bought 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $7.89 per share, for a total transaction of $51,285.00. Following the completion of the transaction, the chief financial officer now owns 13,729 shares in the company, valued at $108,321.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Terrance J. Coughlin bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $7.70 per share, with a total value of $154,000.00. Following the transaction, the chief operating officer now owns 181,369 shares of the company’s stock, valued at approximately $1,396,541.30. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 36,000 shares of company stock valued at $279,460. Company insiders own 0.50% of the company’s stock.

Several institutional investors have recently modified their holdings of ENDP. First Quadrant L P CA acquired a new position in Endo International PLC during the first quarter valued at approximately $24,556,000. OppenheimerFunds Inc. raised its position in Endo International PLC by 182.9% in the first quarter. OppenheimerFunds Inc. now owns 2,873,153 shares of the company’s stock valued at $32,065,000 after buying an additional 1,857,678 shares during the period. Bank of New York Mellon Corp raised its position in Endo International PLC by 38.7% in the first quarter. Bank of New York Mellon Corp now owns 2,271,111 shares of the company’s stock valued at $25,345,000 after buying an additional 633,904 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in Endo International PLC during the second quarter valued at approximately $5,454,000. Finally, Ameriprise Financial Inc. raised its position in Endo International PLC by 685.0% in the first quarter. Ameriprise Financial Inc. now owns 554,138 shares of the company’s stock valued at $6,185,000 after buying an additional 483,545 shares during the period. Hedge funds and other institutional investors own 92.27% of the company’s stock.

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Endo International PLC Company Profile

Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.

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