United Therapeutics Corporation (UTHR) is Downgraded by H.C. Wainwright to Neutral, Lowers Price Target to $ 95

United Therapeutics Corporation (UTHR) was Downgraded by H.C. Wainwright to ” Neutral” while Lowering the Price Target of the company shares to $ 95 from a previous price target of $175 . Earlier the firm had a rating of “Buy ” on the company shares. H.C. Wainwright advised their investors in a research report released on Jun 15, 2016.

Many Wall Street Analysts have commented on United Therapeutics Corporation. United Therapeutics Corporation was Downgraded by Ladenburg Thalmann to ” Neutral” on Apr 29, 2016. Shares were Reiterated by RBC Capital Mkts on Apr 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 122 from a previous price target of $150 .Shares were Reiterated by Wedbush on Mar 28, 2016 to “Outperform” and Lowered the Price Target to $ 229 from a previous price target of $238 .

On the company’s financial health, United Therapeutics Corporation reported $3.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $3.34. The company had revenue of $369.00 million for the quarter, compared to analysts expectations of $397.24 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS.

United Therapeutics Corporation closed down -2.8 points or -2.54% at $107.26 with 6,99,832 shares getting traded on Tuesday. Post opening the session at $109.63, the shares hit an intraday low of $106.27 and an intraday high of $110.37 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 13, 2016, Martine A Rothblatt (Chairman & Co-CEO) sold 1,277 shares at $115.86 per share price. According to the SEC, on Jun 10, 2016, Raymond Dwek (director) sold 3,000 shares at $166.28 per share price. On Jun 9, 2016, Tommy G Thompson (director) sold 2,000 shares at $115.62 per share price, according to the Form-4 filing with the securities and exchange commission.

United Therapeutics Corporation is a biotechnology company. The Company is focused on the development and commercialization of products for the treatment of chronic and life-threatening conditions. The Company’s key therapeutic products and product candidates include Remodulin Tyvaso (treprostinil) Adcirca (tadalafil) Remodulin Implantable System Orenitram Combination Therapy Esuberaprost and PLX Cells for the treatment of Pulmonary Arterial Hypertension; Ch14.18 MAb for the treatment of High-risk neuroblastoma; Ex-Vivo Lung Perfusion and Lung Transplantation for the treatment of End-stage lung disease; UV-4B for the treatment of Dengue and influenza and Glycobiology Antiviral Agents for the treatment of a spectrum of agents against viral infectious diseases among others. The Company’s lead product for treating Pulmonary Arterial Hypertension (PAH) is Remodulin.

United Therapeutics Corporation

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