InvestorsObserver is giving Royalty Pharma plc (RPRX) an Analyst Rating Rank of 35, meaning RPRX is ranked higher by analysts than 35% of stocks. The average projection by analysts for RPRX is $52.571 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Royalty Pharma plc Stock Today?
Royalty Pharma plc (RPRX) stock is higher by 3.93% while the S&P 500 is down -0.02% as of 10:33 AM on Friday, Jan 8. RPRX is higher by $1.94 from the previous closing price of $49.34 on volume of 845,360 shares. Over the past year the S&P 500 has risen 24.02% while RPRX is higher by 4.65%. RPRX earned $3.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.19.
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