Concordia Healthcare Corp (CXR) Releases Quarterly Earnings, Misses Estimates By $0.22 EPS
Concordia Healthcare Corp (TSE:CXR) released its earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.22, American Banking & Market News reports.
Shares of Concordia Healthcare Corp (TSE:CXR) opened at 33.59 on Thursday. Concordia Healthcare Corp has a 1-year low of $2.404 and a 1-year high of $48.08. The stock’s 50-day moving average is $35.57 and its 200-day moving average is $25.43. The company has a market cap of $802.2 million and a P/E ratio of 90.00.
A number of analysts have recently weighed in on CXR shares. Analysts at Canaccord Genuity initiated coverage on shares of Concordia Healthcare Corp in a research note on Wednesday, July 30th. They set a “hold” rating and a C$38.00 price target on the stock. On the ratings front, analysts at Cormark initiated coverage on shares of Concordia Healthcare Corp in a research note on Tuesday, June 3rd. They set a “buy” rating on the stock. Finally, analysts at GMP Securities initiated coverage on shares of Concordia Healthcare Corp in a research note on Wednesday, May 28th. They set a “buy” rating on the stock.
Concordia Healthcare Corp., formerly Mercari Acquisition Corp., is an integrated, specialty healthcare company focused on the acquisition of pharmaceutical products and medical devices and the acquisition and/or development of orphan drugs.
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