Endo International (ENDP) Bonds Drop 1.5% During Trading

An issue of Endo International plc – (NASDAQ:ENDP) (TSE:ENL) debt fell 1.5% against its face value during trading on Thursday. The high-yield issue of debt has a 5.75% coupon and will mature on January 15, 2022. The bonds in the issue are now trading at $85.50 and were trading at $86.94 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

Several research firms recently issued reports on ENDP. BidaskClub cut shares of Endo International from a “hold” rating to a “sell” rating in a research note on Thursday. Cantor Fitzgerald set a $7.00 target price on shares of Endo International and gave the company a “hold” rating in a research note on Thursday. Mizuho restated a “buy” rating and set a $12.00 price objective (down from $14.00) on shares of Endo International in a research report on Wednesday, January 3rd. Leerink Swann began coverage on shares of Endo International in a research report on Tuesday, January 2nd. They set an “outperform” rating and a $12.00 price objective for the company. Finally, ValuEngine cut shares of Endo International from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.27.

Endo International plc – (ENDP) traded down $0.15 during trading hours on Thursday, reaching $7.92. 7,473,130 shares of the company’s stock were exchanged, compared to its average volume of 4,840,000. Endo International plc – has a 52 week low of $5.77 and a 52 week high of $15.47. The firm has a market capitalization of $1,800.00, a PE ratio of -0.41, a PEG ratio of 2.98 and a beta of 0.59. The company has a debt-to-equity ratio of 10.78, a current ratio of 1.08 and a quick ratio of 0.86.

Endo International (NASDAQ:ENDP) (TSE:ENL) last released its earnings results on Thursday, November 9th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. Endo International had a negative net margin of 126.97% and a positive return on equity of 66.98%. The business had revenue of $786.90 million during the quarter, compared to analyst estimates of $794.93 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. equities research analysts predict that Endo International plc – will post 3.67 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Sivik Global Healthcare LLC purchased a new stake in shares of Endo International during the second quarter worth $2,793,000. Columbia Partners L L C Investment Management purchased a new stake in shares of Endo International during the second quarter worth $1,257,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Endo International by 46.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 716,670 shares of the company’s stock worth $6,138,000 after buying an additional 228,426 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Endo International by 18.7% during the second quarter. Parametric Portfolio Associates LLC now owns 398,099 shares of the company’s stock worth $4,447,000 after buying an additional 62,822 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Endo International by 4.9% during the second quarter. Nationwide Fund Advisors now owns 360,787 shares of the company’s stock worth $4,030,000 after buying an additional 16,913 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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About Endo International

Endo International PLC, formerly Endo Health Solutions Inc is a specialty healthcare solutions company focused on branded and generic pharmaceuticals, devices and services. The Company has a portfolio of branded pharmaceuticals that includes brands, such as Lidoderm, Opana ER, Voltaren Gel, Percocet, Frova, Supprelin LA, Vantas, Valstar and Fortesta Gel.

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