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PharMerica (NYSE:PMC)’s share price hit a new 52-week high on Friday , StockRatingsNetwork reports. The stock traded as high as $30.45 and last traded at $30.43, with a volume of 320,867 shares trading hands. The stock had previously closed at $28.28.

A number of research firms have recently commented on PMC. Analysts at Zacks downgraded shares of PharMerica from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $31.40 price target on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of PharMerica in a research note on Friday, May 2nd. They now have a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. PharMerica has an average rating of “Hold” and an average price target of $23.77.

The stock has a 50-day moving average of $27.49 and a 200-day moving average of $24.70. The company has a market cap of $892.0 million and a P/E ratio of 64.13.

PharMerica (NYSE:PMC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.04. The company had revenue of $452.20 million for the quarter, compared to the consensus estimate of $417.76 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that PharMerica will post $1.49 EPS for the current fiscal year.

PharMerica Corporation is an institutional pharmacy services company, which services healthcare facilities and provides management pharmacy services to hospitals.

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