Veradermics, Incorporated (NYSE:MANE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Veradermics, Incorporated (NYSE:MANE) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $109.00.

Several research firms recently commented on MANE. Jefferies Financial Group began coverage on shares of Veradermics in a research report on Monday, March 2nd. They set a “buy” rating and a $75.00 target price on the stock. Zacks Research upgraded shares of Veradermics to a “hold” rating in a research report on Tuesday, March 3rd. Citigroup lifted their target price on shares of Veradermics from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Needham & Company LLC began coverage on shares of Veradermics in a research report on Tuesday, June 2nd. They set a “buy” rating and a $136.00 target price on the stock. Finally, Cantor Fitzgerald began coverage on shares of Veradermics in a research report on Monday, March 2nd. They set an “overweight” rating on the stock.

Veradermics Stock Performance

MANE opened at $95.91 on Friday. The firm has a 50 day moving average of $90.35. Veradermics has a 1-year low of $32.00 and a 1-year high of $117.71.

Veradermics (NYSE:MANE) last posted its earnings results on Tuesday, May 12th. The company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.76).

About Veradermics

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.