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OPK

Opko Health

$5.60

0.09 (1.63%)

15:04
08/07/18
08/07
15:04
08/07/18
15:04

Opko Health options imply 20.6% move in share price post-earnings, above median historical move

Pre-earnings options volume in Opko Health is normal with calls leading puts 19:6. Implied volatility suggests the market is anticipating a move near 20.6%, or $1.15, after results are released. Median move over the past eight quarters is 6.6%.

  • 07

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  • 27

    Sep

OPK Opko Health
$5.60

0.09 (1.63%)

03/02/18
JPMS
03/02/18
DOWNGRADE
JPMS
Underweight
Opko Health downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Eric Joseph downgraded Opko Health to Underweight without a price target. The analyst believes the company's Q4 miss raises "significant doubts" for the core diagnostics/ BRL business. He believes the stock will continue to see pressure going forward.
03/02/18
CANT
03/02/18
NO CHANGE
Target $20
CANT
Overweight
Cantor reiterates Overweight on Opko Health despite Q4 miss
Cantor Fitzgerald analyst Louise Chen says that despite the Q4 miss, she reiterates an Overweight rating on Opko Health with a $20 price target. The analyst continues to think Opko's long term sales and earnings potential are underappreciated and that upward earnings revisions in 2019 and beyond should drive the stock higher. She sees the uptake of Rayaldee, commercialization of the company's branded drug pipeline, and BioReference sales growth bringing consensus estimates higher.
03/02/18
03/02/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walmart (WMT) downgraded to Perform from Outperform at Oppenheimer by analysts Rupesh Parikh and Brian Nagel, who said that while they remain "upbeat" on the retailer's strategic direction, they no longer see the case for Walmart outperformance and are "increasingly concerned" that the valuation at which shares trade could prove capped. 2. VMware (VMW) downgraded to Hold from Buy at Stifel by analyst Brad Reback, who sees "too much uncertainty" as parent Dell Technologies (DVMT) evaluates "potential business opportunities." He believes, however, that VMware continues to execute well following its "strong" Q4 results. 3. Ruth's Hospitality (RUTH) downgraded to Hold from Buy at Deutsche Bank by analyst Brett Levy, who said the company's progress and upside are largely priced in given the company's premium multiple, Levy tells investors in a research note. The analyst this morning also upgraded both Bloomin' Brands (BLMN) and Del Frisco's (DFRG) to Buy. 4. Opko Health (OPK) downgraded to Underweight from Neutral at JPMorgan by analyst Eric Joseph, who believes the company's Q4 miss raises "significant doubts" for the core diagnostics/ BRL business. He believes the stock will continue to see pressure going forward. 5. Pure Storage (PSTG) downgraded to Neutral from Positive at Susquehanna by analyst Mehdi Hosseini, who cited the lack of visibility, particularly around FlashBlade, to raise estimates from current levels, which would be necessary for the next leg of appreciation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/02/18
BRRR
03/02/18
NO CHANGE
Target $7
BRRR
Outperform
Barrington keeps Opko Health at Outperform, lowers target to $7 after earnings
Barrington analyst Michael Petusky said that Opko Health's service revenue in Q4 was well below his estimate even when adjusted up to exclude the negative one-time revenue adjustments the company disclosed and that an adjusted loss of (13c) would also have missed the (8c) consensus. He lowered his price target on Opko shares to $7 from $10 following the worse than expected report, though he keeps an Outperform rating on the stock, which is down about 7% in early trading to $2.97 per share.

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