Cempra Holdings Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CEMP)
Cempra Holdings (NASDAQ:CEMP) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the company, Analyst RN reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.63.
Shares of Cempra Holdings (NASDAQ:CEMP) traded down 2.45% on Tuesday, hitting $10.34. 66,258 shares of the company’s stock traded hands. Cempra Holdings has a 52-week low of $5.97 and a 52-week high of $15.39. The stock’s 50-day moving average is $11.70 and its 200-day moving average is $12.11. The company’s market cap is $343.2 million.
Cempra Holdings (NASDAQ:CEMP) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.51) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.42) by $0.09. The company had revenue of $2.07 million for the quarter, compared to the consensus estimate of $1.25 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 4046.0% on a year-over-year basis. On average, analysts predict that Cempra Holdings will post $-1.91 earnings per share for the current fiscal year.
Separately, analysts at Barclays initiated coverage on shares of Cempra Holdings in a research note on Tuesday. They set an “equal weight” rating and a $13.00 price target on the stock.
Cempra, Inc, formerly Cempra Holdings, LLC, is a development-stage and clinical-stage pharmaceutical company focused on developing antibiotics to meet medical needs in the treatment of bacterial infectious diseases, particularly respiratory tract infections and chronic and acute staphylococcal infections.
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