ValuEngine Upgrades Sucampo Pharmaceuticals (SCMP) to “Strong-Buy”
ValuEngine upgraded shares of Sucampo Pharmaceuticals (NASDAQ:SCMP) from a buy rating to a strong-buy rating in a research note published on Friday.
SCMP has been the subject of several other reports. Zacks Investment Research raised Sucampo Pharmaceuticals from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Tuesday, October 17th. Mizuho increased their target price on Sucampo Pharmaceuticals from $12.00 to $14.00 and gave the stock a neutral rating in a research note on Friday, December 8th. Nomura initiated coverage on Sucampo Pharmaceuticals in a research note on Monday, December 18th. They set a buy rating and a $43.00 target price for the company. UBS Group cut their target price on Sucampo Pharmaceuticals from $19.00 to $15.00 and set a buy rating for the company in a research note on Thursday, October 12th. Finally, BidaskClub raised Sucampo Pharmaceuticals from a hold rating to a buy rating in a research note on Tuesday, December 5th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $20.25.
Shares of Sucampo Pharmaceuticals (NASDAQ SCMP) opened at $17.95 on Friday. The company has a debt-to-equity ratio of 7.37, a quick ratio of 4.46 and a current ratio of 5.11. The company has a market capitalization of $846.67, a P/E ratio of -5.46, a price-to-earnings-growth ratio of 5.04 and a beta of 1.38. Sucampo Pharmaceuticals has a one year low of $9.30 and a one year high of $18.75.
In related news, insider Peter A. Kiener sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $16.50, for a total value of $825,000.00. Following the completion of the transaction, the insider now directly owns 52,023 shares of the company’s stock, valued at approximately $858,379.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.13% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in Sucampo Pharmaceuticals in the 2nd quarter valued at approximately $117,000. Trexquant Investment LP purchased a new position in Sucampo Pharmaceuticals in the 3rd quarter valued at approximately $122,000. Nine Chapters Capital Management LLC purchased a new position in Sucampo Pharmaceuticals in the 3rd quarter valued at approximately $127,000. Stifel Financial Corp purchased a new position in Sucampo Pharmaceuticals in the 2nd quarter valued at approximately $131,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Sucampo Pharmaceuticals in the 2nd quarter valued at approximately $132,000. 65.16% of the stock is owned by hedge funds and other institutional investors.
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About Sucampo Pharmaceuticals
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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