Zacks Upgrades PharMerica to “Outperform” (PMC)
PharMerica (NYSE:PMC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $31.40 target price on the stock. Zacks‘s target price points to a potential upside of 18.27% from the company’s current price.
A number of other firms have also recently commented on PMC. Analysts at Barclays initiated coverage on shares of PharMerica in a research note on Thursday, July 17th. They set an “underweight” rating on the stock. Separately, analysts at ISI Group reiterated a “positive” rating on shares of PharMerica in a research note on Wednesday, July 2nd. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of PharMerica in a research note on Monday, June 9th. They now have a $33.00 price target on the stock, up previously from $31.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. PharMerica has an average rating of “Buy” and an average target price of $27.08.
Shares of PharMerica (NYSE:PMC) traded up 1.10% on Friday, hitting $26.55. 170,027 shares of the company’s stock traded hands. PharMerica has a one year low of $11.84 and a one year high of $30.48. The stock has a 50-day moving average of $27.78 and a 200-day moving average of $26.77. The company’s market cap is $798.1 million.
PharMerica (NYSE:PMC) last released its earnings data on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.04. The company had revenue of $448.60 million for the quarter, compared to the consensus estimate of $432.70 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that PharMerica will post $1.51 earnings per share 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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