AMAG Pharmaceuticals, Inc. (AMAG) Rating Reiterated by Janney Montgomery Scott
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG)‘s stock had its “hold” rating reiterated by stock analysts at Janney Montgomery Scott in a research note issued to investors on Tuesday.
A number of other equities research analysts have also commented on the company. Zacks Investment Research raised AMAG Pharmaceuticals from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $21.00 price target on shares of AMAG Pharmaceuticals in a research report on Thursday, September 28th. Morgan Stanley assumed coverage on AMAG Pharmaceuticals in a research report on Friday, September 8th. They set an “overweight” rating and a $26.00 target price for the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $24.00 target price on shares of AMAG Pharmaceuticals in a research report on Thursday, August 31st. Finally, BidaskClub lowered AMAG Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. AMAG Pharmaceuticals currently has a consensus rating of “Hold” and an average price target of $27.67.
AMAG Pharmaceuticals (NASDAQ AMAG) opened at 16.25 on Tuesday. AMAG Pharmaceuticals has a one year low of $16.00 and a one year high of $36.83. The firm’s market capitalization is $573.43 million. The company’s 50-day moving average is $18.44 and its 200-day moving average is $19.11.
AMAG Pharmaceuticals (NASDAQ:AMAG) last released its quarterly earnings results on Thursday, August 3rd. The specialty pharmaceutical company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.18. The business had revenue of $158.39 million during the quarter, compared to analyst estimates of $158.83 million. AMAG Pharmaceuticals had a negative return on equity of 4.81% and a negative net margin of 7.58%. AMAG Pharmaceuticals’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. Equities analysts forecast that AMAG Pharmaceuticals will post ($1.38) earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently made changes to their positions in AMAG. First Trust Advisors LP increased its holdings in AMAG Pharmaceuticals by 49.5% in the 1st quarter. First Trust Advisors LP now owns 55,055 shares of the specialty pharmaceutical company’s stock worth $1,241,000 after acquiring an additional 18,227 shares during the last quarter. Comerica Bank increased its holdings in AMAG Pharmaceuticals by 4.5% in the 1st quarter. Comerica Bank now owns 38,047 shares of the specialty pharmaceutical company’s stock worth $936,000 after acquiring an additional 1,648 shares during the last quarter. Karp Capital Management Corp purchased a new stake in AMAG Pharmaceuticals in the 1st quarter worth about $232,000. Sei Investments Co. increased its holdings in AMAG Pharmaceuticals by 0.7% in the 1st quarter. Sei Investments Co. now owns 8,342 shares of the specialty pharmaceutical company’s stock worth $188,000 after acquiring an additional 54 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in AMAG Pharmaceuticals by 7.4% in the 1st quarter. Mason Street Advisors LLC now owns 8,030 shares of the specialty pharmaceutical company’s stock worth $181,000 after acquiring an additional 554 shares during the last quarter.
AMAG Pharmaceuticals Company Profile
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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