Emergent Biosolutions Inc (EBS) Has Strong Growth Prospects Through 2024

Emergent Biosolutions Inc (NYSE:EBS) has a beta value of 1.59 and has seen 1.26 million shares traded in the last trading session. The company, currently valued at $472.68M, closed the last trade at $8.75 per share which meant it gained $0.3 on the day or 3.55% during that session. The EBS stock price is -72.57% off its 52-week high price of $15.10 and 83.77% above the 52-week low of $1.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.61 million shares traded. The 3-month trading volume is 3.01 million shares.

The consensus among analysts is that Emergent Biosolutions Inc (EBS) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.14.

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Emergent Biosolutions Inc (NYSE:EBS) trade information

Sporting 3.55% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EBS stock price touched $8.75 or saw a rise of 11.35%. Year-to-date, Emergent Biosolutions Inc shares have moved 264.58%, while the 5-day performance has seen it change -6.42%. Over the past 30 days, the shares of Emergent Biosolutions Inc (NYSE:EBS) have changed 14.68%. Short interest in the company has seen 8.23 million shares shorted with days to cover at 3.12.

Wall Street analysts have a consensus price target for the stock at $51.5, which means that the shares’ value could jump 83.01% from current levels. The projected low price target is $38.0 while the price target rests at a high of $65.0. In that case, then, we find that the current price level is -642.86% off the targeted high while a plunge would see the stock gain -334.29% from current levels.

Emergent Biosolutions Inc (EBS) estimates and forecasts

Figures show that Emergent Biosolutions Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 324.76% over the past 6 months, with this year growth rate of 79.13%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be 7.00%.

2 analysts offering their estimates for the company have set an average revenue estimate of 297.5M for the current quarter. 2 have an estimated revenue figure of 270.5M for the next ending quarter. Year-ago sales stood 270.5M and 276.6M respectively for this quarter and the next, and analysts expect sales will grow by 10.00% for the current quarter and 7.00% for the next.

EBS Dividends

Emergent Biosolutions Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Emergent Biosolutions Inc (NYSE:EBS)’s Major holders

Insiders own 2.13% of the company shares, while shares held by institutions stand at 57.55% with a share float percentage of 58.80%. Investors are also buoyed by the number of investors in a company, with Emergent Biosolutions Inc having a total of 173.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 3.84 million shares worth more than $26.18 million. As of 2024-06-30, BLACKROCK INC. held 7.3551% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 3.67 million shares as of 2024-06-30. The firm’s total holdings are worth over $25.0 million and represent 7.0234% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF and Vanguard Total Stock Market Index Fund . As of May 31, 2024 , the former fund manager holds about 5.79% shares in the company for having 3.06 shares of worth $26.79 million while later fund manager owns 1.64 shares of worth $14.32 million as of Jun 30, 2024 , which makes it owner of about 3.09% of company’s outstanding stock.