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BMO Capital Sticks to Their Buy Rating for Vertex Pharmaceuticals (VRTX)

Tipranks - Sat Mar 7, 6:30AM CST

In a report released yesterday, Evan Seigerman from BMO Capital maintained a Buy rating on Vertex Pharmaceuticals, with a price target of $600.00. The company’s shares closed yesterday at $460.82.

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According to TipRanks, Seigerman is a 5-star analyst with an average return of 9.0% and a 52.88% success rate. Seigerman covers the Healthcare sector, focusing on stocks such as Disc Medicine, Novo Nordisk, and Eli Lilly & Co.

Currently, the analyst consensus on Vertex Pharmaceuticals is a Strong Buy with an average price target of $550.70, a 19.50% upside from current levels. In a report released on February 19, Evercore ISI also maintained a Buy rating on the stock with a $530.00 price target.

Based on Vertex Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.23 billion and a net profit of $1.19 billion. In comparison, last year the company earned a revenue of $2.91 billion and had a net profit of $913 million

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