Cempra Holdings Receives Average Recommendation of “Buy” from Analysts (NASDAQ:CEMP)
Shares of Cempra Holdings (NASDAQ:CEMP) have received an average rating of “Buy” from the ten analysts that are presently covering the stock, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.63.
Cempra Holdings (NASDAQ:CEMP) traded up 5.12% during mid-day trading on Friday, hitting $10.9638. The stock had a trading volume of 71,122 shares. Cempra Holdings has a one year low of $6.95 and a one year high of $15.39. The stock has a 50-day moving average of $9.23 and a 200-day moving average of $11.30. The company’s market cap is $364.0 million.
Cempra Holdings (NASDAQ:CEMP) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by $0.03. The company had revenue of $3.10 million for the quarter, compared to the consensus estimate of $2.10 million. On average, analysts predict that Cempra Holdings will post $-2.22 earnings per share for the current fiscal year.
A number of research firms have recently commented on CEMP. Analysts at Gabelli initiated coverage on shares of Cempra Holdings in a research note on Friday. They set a “buy” rating on the stock. Analysts at Barclays initiated coverage on shares of Cempra Holdings in a research note on Tuesday, April 8th. 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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