VWR Corp (VWR) was Downgraded by UBS to ” Sell” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $29 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Sep 6, 2016.
Many Wall Street Analysts have commented on VWR Corp. Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $33 .
On the company’s financial health, VWR Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.41. The company had revenue of $1150.00 million for the quarter, compared to analysts expectations of $1140.88 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
VWR Corp closed down -0.16 points or -0.57% at $27.75 with 6,13,250 shares getting traded on Thursday. Post opening the session at $27.89, the shares hit an intraday low of $27.5475 and an intraday high of $27.97 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Aug 15, 2016, Manuel Brocke-benz (CEO) purchased 333 shares at $29.60 per share price.
VWR Corporation (VWR) is a provider of laboratory products services and solutions to the life science general research and applied markets. The Company operates in two segments: North Central and South America (Americas) and Europe Middle East Africa and Asia Pacific (EMEA-APAC). It has a presence in Europe and North America with respect to the laboratory products market. It also has operations in Asia-Pacific and other markets to support its multinational customers across the globe. The Company offers a portfolio of and private label laboratory products and a range of services including custom manufacturing. The Company’s portfolio includes chemicals reagents consumables durable products and scientific equipment and instruments. The Company’s branded and private label product portfolio includes service offerings marketed under the VWRCATALYST brand including sourcing and procurement logistics chemical and equipment tracking and sample management.