Cambrex Corp. Stock Rating Upgraded by Zacks (CBM)
Cambrex Corp. (NYSE:CBM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $23.20 price objective on the stock. Zacks‘s price target would indicate a potential upside of 6.57% from the stock’s previous close.
A number of other firms have also recently commented on CBM. Analysts at First Analysis downgraded shares of Cambrex Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday. Analysts at Longbow Research raised their price target on shares of Cambrex Corp. to $27.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock.
Cambrex Corp. (NYSE:CBM) traded down 1.75% during mid-day trading on Monday, hitting $21.39. 343,545 shares of the company’s stock traded hands. Cambrex Corp. has a one year low of $12.56 and a one year high of $23.88. The stock’s 50-day moving average is $21.44 and its 200-day moving average is $20.34. The company has a market cap of $656.2 million and a price-to-earnings ratio of 20.42.
Cambrex Corp. (NYSE:CBM) last announced its earnings results on Friday, August 1st. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.07. The company had revenue of $98.00 million for the quarter, compared to the consensus estimate of $92.70 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 59.2% on a year-over-year basis. On average, analysts predict that Cambrex Corp. will post $1.11 earnings per share for the current fiscal year.
In other Cambrex Corp. news, SVP William M. Haskel sold 28,100 shares of the stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $22.50, for a total transaction of $632,250.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Cambrex Corporation (NYSE:CBM) is a life sciences company, which provides products and services, which accelerate and improve the development and commercialization of new and generic therapeutics.
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