BofA Securities slashes price target on Bausch Health Companies Inc. [BHC] – find out why.

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Bausch Health Companies Inc. [NYSE: BHC] closed the trading session at $27.76 on 01/11/22. The day’s price range saw the stock hit a low of $25.92, while the highest price level was $27.90. The company report on January 11, 2022 that Bausch Health Will Provide Business And Strategic Update At The 40th Annual J.P. Morgan Healthcare Conference.

– Bausch Health Companies Inc. (NYSE/TSX: BHC) (“Bausch Health” or the “Company”) will provide a progress update on its business and strategic initiatives in a published presentation designed to complement remarks that will be provided by management at 9 a.m. ET tomorrow, Jan. 12, 2022, during a fireside chat at the 40th Annual J.P. Morgan Healthcare Conference.


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“We are very excited by the progress we have made in our efforts to unlock value across the Company. We are substantially complete in our planning and preparations to launch the Bausch + Lomb and Solta IPOs, subject to market conditions and other approvals and factors,” said Joseph C. Papa, chairman and CEO, Bausch Health.1.

The stocks have a year to date performance of 0.54 percent and weekly performance of 0.51 percent. The stock has been moved at -4.14 percent over the last six months. The stock has performed 13.86 percent around the most recent 30 days and changed -0.36 percent over the most recent 3-months.

If compared to the average trading volume of 2.72M shares, BHC reached to a volume of 12458742 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bausch Health Companies Inc. [BHC]:

BofA Securities have made an estimate for Bausch Health Companies Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 24, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $26 to $42. The new note on the price target was released on February 17, 2021, representing the official price target for Bausch Health Companies Inc. stock. Previously, the target price had yet another raise from $25 to $30, while Piper Sandler kept a Neutral rating on BHC stock.

The Average True Range (ATR) for Bausch Health Companies Inc. is set at 0.94, with the Price to Sales ratio for BHC stock in the period of the last 12 months amounting to 1.17. Price to Free Cash Flow for BHC in the course of the last twelve months was 6.46 with Quick ratio for the last quarter at 0.80.

BHC stock trade performance evaluation

Bausch Health Companies Inc. [BHC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.51. With this latest performance, BHC shares gained by 13.86% in over the last four-week period, additionally sinking by -4.14% over the last 6 months – not to mention a rise of 18.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BHC stock in for the last two-week period is set at 58.42, with the RSI for the last a single of trading hit 60.23, and the three-weeks RSI is set at 56.24 for Bausch Health Companies Inc. [BHC]. The present Moving Average for the last 50 days of trading for this stock 26.23, while it was recorded at 26.98 for the last single week of trading, and 28.45 for the last 200 days.

Bausch Health Companies Inc. [BHC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bausch Health Companies Inc. [BHC] shares currently have an operating margin of +16.37 and a Gross Margin at +51.49. Bausch Health Companies Inc.’s Net Margin is presently recorded at -6.98.

Return on Total Capital for BHC is now 5.04, given the latest momentum, and Return on Invested Capital for the company is -2.21. Return on Equity for this stock declined to -70.09, with Return on Assets sitting at -1.72. When it comes to the capital structure of this company, Bausch Health Companies Inc. [BHC] has a Total Debt to Total Equity ratio set at 4,524.11. Additionally, BHC Total Debt to Total Capital is recorded at 97.84, with Total Debt to Total Assets ending up at 77.58. Long-Term Debt to Equity for the company is recorded at 4,514.39, with the Long-Term Debt to Total Capital now at 97.63.

Reflecting on the efficiency of the workforce at the company, Bausch Health Companies Inc. [BHC] managed to generate an average of -$25,926 per employee. Receivables Turnover for the company is 4.70 with a Total Asset Turnover recorded at a value of 0.25.Bausch Health Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

Earnings per share (EPS) analysis for Bausch Health Companies Inc. [BHC] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bausch Health Companies Inc. go to 8.70%.

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Bausch Health Companies Inc. [BHC]: Insider Ownership positions

There are presently around $7,058 million, or 66.80% of BHC stock, in the hands of institutional investors. The top three institutional holders of BHC stocks are: ICAHN CARL C with ownership of 34,109,152, which is approximately 0% of the company’s market cap and around 2.30% of the total institutional ownership; PAULSON & CO. INC., holding 25,839,035 shares of the stock with an approximate value of $717.29 million in BHC stocks shares; and VALUEACT HOLDINGS, L.P., currently with $498.06 million in BHC stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Bausch Health Companies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 135 institutional holders increased their position in Bausch Health Companies Inc. [NYSE:BHC] by around 26,388,334 shares. Additionally, 168 investors decreased positions by around 24,924,785 shares, while 84 investors held positions by with 202,946,639 shares. The mentioned changes placed institutional holdings at 254,259,758 shares, according to the latest SEC report filing. BHC stock had 34 new institutional investments in for a total of 5,625,793 shares, while 44 institutional investors sold positions of 2,604,617 shares during the same period.