Professional
Added to YB: 2024-07-24
Pitch date: 2024-07-12
WST [bullish]
West Pharmaceutical Services, Inc.
-17.17%
current return
Author Info
No bio for this author
Company Info
West Pharmaceutical Services, Inc. designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$19.5B
Pitch Price
$321.68
Price Target
N/A
Dividend
0.32%
EV/EBITDA
22.44
P/E
40.15
EV/Sales
6.35
Sector
Life Sciences Tools and Services
Category
turnaround
Parnassus Mid Cap Growth Fund New Position: West Pharmaceutical Services, Inc.
WST: Leader in injectable therapy packaging. Life sciences tools industry in cyclical downturn, but drug development ongoing. Quality control crucial. Cycle expected to turn. More durable growth & wider moats than biotech. Exited biotech positions (BMRN, ALNY) due to drug trial risks. New position added during industry downturn.
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