In the last trading session, 7,906,722 shares of the Viatris Inc. (NASDAQ:VTRS) were traded, and its beta was 1.55. Most recently the company’s share price was $13.83, and it changed around -$0.22 or -0.02% from the last close, which brings the market valuation of the company to $16.69 Billion. VTRS currently trades at a discount to its 52-week high of $19.24, offering almost -39.12% off that amount. The share price’s 52-week low was $13.31, which indicates that the current value has risen by an impressive 3.76% since then. We note from Viatris Inc.’s average daily trading volume that its 10-day average is 9.61 Million shares, with the 3-month average coming to 11.33 Million.
Viatris Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that none out of 18 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended VTRS as a Hold, whereas 6 deemed it a Buy, and no one rated it as Underweight. Viatris Inc. is expected to report earnings per share of $0.79 for the current quarter.
Viatris Inc. (NASDAQ:VTRS): Trading Information
The consensus price target as assigned by Wall Street analysts is $18.73, which translates to bears needing to increase their stock price by 35.43% from its current value. Analyst projections state that VTRS is forecast to be at a low of $15 and a high of $24. In order for the stock price to hit the forecast high, the stock would need to surge +73.54% from its current level, while the stock would need to crash 8.46% from its current level to reach the projected low.
Viatris Inc. (VTRS) projections and forecasts
Viatris Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.12 percent over the past six months. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -12.2% in revenue this quarter, and will report a decline of -22.5% in the next quarter. The year-over-year growth rate is expected to be 46.5%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $4.19 Billion in revenue for the current quarter. 8 analysts expect Viatris Inc. to make $4.32 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $2.62 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -21.6%. Viatris Inc. earnings are expected to decrease by -11.4% in 2021, but the outlook is negative -3.65% per year for the next five years.
Viatris Inc. (NASDAQ:VTRS)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.47% of Viatris Inc. shares, and 79.32% of them are in the hands of institutional investors. The stock currently has a share float of 79.69%. Viatris Inc. stock is held by 1604 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 10.69% of the shares, which is about 129.07 Million shares worth $2.42 Billion.
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Blackrock Inc., with 7.42% or 89.53 Million shares worth $1.68 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 34514115 shares worth $646.79 Million, making up 2.86% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 27.48 Million shares worth around $514.89 Million, which represents about 2.28% of the total shares outstanding.