Concordia Healthcare Corp. (NASDAQ:CXRX)’s share price was down 3.9% on Wednesday . The company traded as low as $4.91 and last traded at $4.92, with a volume of 710,191 shares traded. The stock had previously closed at $5.12.

A number of equities analysts have recently weighed in on CXRX shares. Canaccord Genuity set a $20.00 price target on shares of Concordia Healthcare Corp. and gave the stock a “buy” rating in a research note on Monday, August 15th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Concordia Healthcare Corp. in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Concordia Healthcare Corp. from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, July 13th. CIBC downgraded shares of Concordia Healthcare Corp. from a “sector perform” rating to an “underperform” rating and set a $7.80 target price on the stock. in a research report on Monday, August 15th. Finally, TD Securities reissued a “buy” rating and set a $37.00 target price (down from $45.00) on shares of Concordia Healthcare Corp. in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $37.79.

The stock’s 50 day moving average price is $9.89 and its 200-day moving average price is $21.62. The stock’s market capitalization is $229.58 million.

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Concordia Healthcare Corp. (NASDAQ:CXRX) last posted its quarterly earnings data on Friday, August 12th. The company reported $1.38 EPS for the quarter, meeting the consensus estimate of $1.38. The business had revenue of $231.70 million for the quarter, compared to analysts’ expectations of $229.76 million. Concordia Healthcare Corp. had a negative net margin of 81.80% and a positive return on equity of 25.18%. The firm’s quarterly revenue was up 208.1% compared to the same quarter last year. On average, equities analysts predict that Concordia Healthcare Corp. will post $5.17 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its stake in Concordia Healthcare Corp. by 0.6% in the second quarter. ProShare Advisors LLC now owns 37,975 shares of the company’s stock valued at $818,000 after buying an additional 224 shares in the last quarter. Citigroup Inc. boosted its stake in Concordia Healthcare Corp. by 18.5% in the second quarter. Citigroup Inc. now owns 8,976 shares of the company’s stock valued at $184,000 after buying an additional 1,401 shares in the last quarter. Legal & General Group Plc boosted its stake in Concordia Healthcare Corp. by 91.2% in the first quarter. Legal & General Group Plc now owns 4,403 shares of the company’s stock valued at $113,000 after buying an additional 2,100 shares in the last quarter. Geode Capital Management LLC boosted its stake in Concordia Healthcare Corp. by 12.4% in the first quarter. Geode Capital Management LLC now owns 20,553 shares of the company’s stock valued at $526,000 after buying an additional 2,270 shares in the last quarter. Finally, HRS Investment Holdings LLC boosted its stake in Concordia Healthcare Corp. by 100.0% in the first quarter. HRS Investment Holdings LLC now owns 15,400 shares of the company’s stock valued at $394,000 after buying an additional 7,700 shares in the last quarter. 33.93% of the stock is currently owned by institutional investors and hedge funds.

Concordia Healthcare Corp. Company Profile

5 Day Chart for NASDAQ:CXRX

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