Zacks Investment Research downgraded shares of Cambrex Corporation (NYSE:CBM) from a buy rating to a hold rating in a research note released on Tuesday, July 4th.

According to Zacks, “Cambrex Corporation manufactures and markets a broad line of specialty chemicals and commodity chemical intermediates and also manufactures chemicals to customer specifications. There are five product categories: pharmaceutical bulk actives; pharmaceutical intermediates; organic intermediates; performance enhancers; and polymer systems. “

Other equities research analysts also recently issued research reports about the company. BidaskClub upgraded Cambrex Corporation from a sell rating to a hold rating in a research report on Saturday, June 10th. ValuEngine downgraded Cambrex Corporation from a buy rating to a hold rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $64.00.

Cambrex Corporation (CBM) traded down 5.34% during trading on Tuesday, reaching $58.50. The company’s stock had a trading volume of 1,285,934 shares. Cambrex Corporation has a 52 week low of $38.30 and a 52 week high of $62.95. The firm has a 50-day moving average price of $58.97 and a 200-day moving average price of $55.37. The firm has a market capitalization of $1.91 billion, a P/E ratio of 22.27 and a beta of 2.28.

Cambrex Corporation (NYSE:CBM) last announced its quarterly earnings data on Friday, August 4th. The biotechnology company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. Cambrex Corporation had a return on equity of 24.92% and a net margin of 17.36%. The company had revenue of $134.55 million during the quarter, compared to the consensus estimate of $136.82 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Cambrex Corporation will post $3.02 EPS for the current fiscal year.

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In other Cambrex Corporation news, CEO Steven M. Klosk sold 12,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $54.19, for a total transaction of $650,280.00. Following the sale, the chief executive officer now directly owns 95,328 shares of the company’s stock, valued at approximately $5,165,824.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon J. Hendrix, Jr. sold 20,656 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $55.95, for a total transaction of $1,155,703.20. Following the sale, the director now directly owns 74,662 shares in the company, valued at $4,177,338.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,656 shares of company stock worth $4,064,423. Company insiders own 2.48% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Cambrex Corporation by 5.3% in the fourth quarter. State Street Corp now owns 689,513 shares of the biotechnology company’s stock valued at $37,198,000 after buying an additional 34,532 shares during the period. Federated Investors Inc. PA increased its position in Cambrex Corporation by 31.0% in the fourth quarter. Federated Investors Inc. PA now owns 10,898 shares of the biotechnology company’s stock worth $588,000 after buying an additional 2,581 shares during the period. FMR LLC increased its position in Cambrex Corporation by 44.7% in the fourth quarter. FMR LLC now owns 504,448 shares of the biotechnology company’s stock worth $27,214,000 after buying an additional 155,753 shares during the period. Envestnet Asset Management Inc. increased its position in Cambrex Corporation by 152.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,966 shares of the biotechnology company’s stock worth $536,000 after buying an additional 6,022 shares during the period. Finally, Two Sigma Investments LP bought a new position in Cambrex Corporation during the fourth quarter worth $2,048,000. 98.28% of the stock is currently owned by institutional investors.

About Cambrex Corporation

Cambrex Corporation (Cambrex) is a life sciences company. It provides products and services for the development and commercialization of generic therapeutics. It operates through four segments, which are manufacturing facilities that have been aggregated as a single segment. Its manufacturing facilities are owned by the subsidiaries, including Cambrex Charles City, Inc, Cambrex Karlskoga AB and Cambrex Profarmaco Milano S.r.l.

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