West Pharmaceutical Services, Inc. (NYSE:WST) had its target price lifted by Wells Fargo & Company from $105.00 to $112.00 in a report released on Friday. Wells Fargo & Company currently has an outperform rating on the medical instruments supplier’s stock.
A number of other research firms have also issued reports on WST. Stephens began coverage on West Pharmaceutical Services in a research note on Tuesday, October 3rd. They issued an equal weight rating and a $99.00 target price on the stock. Bank of America Corporation lowered West Pharmaceutical Services from a buy rating to a neutral rating and set a $98.00 target price on the stock. in a research note on Tuesday, October 17th. Zacks Investment Research raised West Pharmaceutical Services from a sell rating to a hold rating in a research note on Wednesday, September 27th. BidaskClub lowered West Pharmaceutical Services from a buy rating to a hold rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC raised West Pharmaceutical Services from a hold rating to a buy rating and upped their target price for the company from $96.00 to $115.00 in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $106.00.
West Pharmaceutical Services (NYSE:WST) opened at 101.16 on Friday. West Pharmaceutical Services has a 12 month low of $72.34 and a 12 month high of $103.36. The stock has a market cap of $7.49 billion, a P/E ratio of 43.42 and a beta of 1.12. The company’s 50-day moving average price is $94.50 and its 200-day moving average price is $92.20.
West Pharmaceutical Services (NYSE:WST) last posted its earnings results on Thursday, October 26th. The medical instruments supplier reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. West Pharmaceutical Services had a return on equity of 14.90% and a net margin of 12.12%. The firm had revenue of $398.20 million for the quarter, compared to analyst estimates of $386.02 million. During the same quarter in the prior year, the company earned $0.53 EPS. West Pharmaceutical Services’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that West Pharmaceutical Services will post $2.71 earnings per share for the current year.
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Several institutional investors have recently modified their holdings of WST. Acrospire Investment Management LLC purchased a new position in shares of West Pharmaceutical Services during the 2nd quarter worth $113,000. Citigroup Inc. lifted its stake in shares of West Pharmaceutical Services by 95.1% during the 2nd quarter. Citigroup Inc. now owns 1,569 shares of the medical instruments supplier’s stock worth $148,000 after purchasing an additional 765 shares during the period. Wolverine Trading LLC purchased a new position in shares of West Pharmaceutical Services during the 2nd quarter worth $200,000. Nomura Holdings Inc. purchased a new position in shares of West Pharmaceutical Services during the 2nd quarter worth $201,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of West Pharmaceutical Services by 1.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,569 shares of the medical instruments supplier’s stock worth $210,000 after purchasing an additional 40 shares during the period. 90.17% of the stock is currently owned by institutional investors.
West Pharmaceutical Services Company Profile
West Pharmaceutical Services, Inc is a manufacturer of packaging components and delivery systems for injectable drugs and healthcare products. The Company’s products include vial containment solutions, prefillable systems, self-injection platforms, cartridge systems and components, reconstitution and transfer systems, intradermal delivery solutions, specialty components, and contract manufacturing and analytical services.
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