Analysts Set Concordia International Corp. (CXRX) Price Target at $0.50
Shares of Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) have received an average recommendation of “Sell” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $0.50.
A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Concordia International Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, August 17th.
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Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its position in shares of Concordia International Corp. by 1.0% in the first quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock valued at $132,000 after buying an additional 782 shares during the period. Virtu KCG Holdings LLC increased its position in shares of Concordia International Corp. by 363.8% in the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock valued at $123,000 after buying an additional 61,679 shares during the period. FMR LLC purchased a new position in shares of Concordia International Corp. during the first quarter valued at approximately $108,000. Canada Pension Plan Investment Board purchased a new position in shares of Concordia International Corp. during the second quarter valued at approximately $124,000. Finally, JPMorgan Chase & Co. increased its position in shares of Concordia International Corp. by 290.2% in the second quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock valued at $223,000 after buying an additional 106,290 shares during the period. 13.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Concordia International Corp. (CXRX) traded up 7.50% during mid-day trading on Wednesday, hitting $1.29. The company’s stock had a trading volume of 297,414 shares. Concordia International Corp. has a 1-year low of $1.09 and a 1-year high of $9.04. The company’s market cap is $65.97 million. The company has a 50-day moving average of $1.41 and a 200 day moving average of $1.59.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last released its quarterly earnings results on Friday, August 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $160.80 million during the quarter, compared to analyst estimates of $160.92 million. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The business’s revenue for the quarter was down 30.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 EPS. On average, analysts expect that Concordia International Corp. will post $0.46 EPS for the current year.
Concordia International Corp. Company Profile
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