why Viatris Inc [VTRS] is a Good Choice for Investors After New Price Target of $13.00

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Viatris Inc [NASDAQ: VTRS] plunged by -$0.01 during the normal trading session on while it closed the day at $13.36.

Viatris Inc stock has also gained 2.77% of its value over the past 7 days. However, VTRS stock has inclined by 14.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.59% and gained 23.36% year-on date.

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The market cap for VTRS stock reached $16.09 billion, with 1.20 billion shares outstanding and 1.16 billion shares in the current float. Compared to the average trading volume of 7.68M shares, VTRS reached a trading volume of 11088467 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 Viatris Inc [VTRS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VTRS shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VTRS stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Viatris Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 19, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $13 to $9. The new note on the price target was released on October 23, 2023, representing the official price target for Viatris Inc stock. Previously, the target price had yet another raise to $11, while Barclays analysts kept a Underweight rating on VTRS stock.

The Average True Range (ATR) for Viatris Inc is set at 0.34, with the Price to Sales ratio for VTRS stock in the period of the last 12 months amounting to 1.07. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 1.64. Price to Free Cash Flow for VTRS in the course of the last twelve months was 8.26 with Quick ratio for the last quarter at 0.88.

VTRS stock trade performance evaluation

Viatris Inc [VTRS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.77. With this latest performance, VTRS shares gained by 16.78% in over the last four-week period, additionally plugging by 28.59% over the last 6 months – not to mention a rise of 41.68% 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 VTRS stock in for the last two-week period is set at 68.93, with the RSI for the last a single of trading hit 72.05, and the three-weeks RSI is set at 66.25 for Viatris Inc [VTRS]. The present Moving Average for the last 50 days of trading for this stock 11.96, while it was recorded at 13.23 for the last single week of trading, and 11.62 for the last 200 days.

Viatris Inc [VTRS]: An insightful look at the core fundamentals

Viatris Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 1.43.

Earnings per share (EPS) analysis for Viatris Inc [VTRS] stock

With the latest financial reports released by the company, Viatris Inc posted 0.62/share EPS, while the average EPS was predicted by analysts to be reported at 0.65/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 VTRS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viatris Inc go to -3.41%.

Viatris Inc [VTRS]: Institutional Ownership

There are presently around $82.71%, or 83.06%% of VTRS stock, in the hands of institutional investors. The top three institutional holders of VTRS stocks are: VANGUARD GROUP INC with ownership of 140.32 million shares, which is approximately 11.781%. BLACKROCK INC., holding 92.67 million shares of the stock with an approximate value of $$985.06 million in VTRS stocks shares; and BLACKROCK INC., currently with $$660.23 million in VTRS stock with ownership which is approximately 5.2145%.

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