Cambrex Corporation (NYSE:CBM) Rating Increased to Buy at BidaskClub
Cambrex Corporation (NYSE:CBM) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Cambrex Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine lowered shares of Cambrex Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $64.00.
Shares of Cambrex Corporation (NYSE CBM) traded down 5.34% on Friday, reaching $58.50. 1,285,934 shares of the company’s stock traded hands. The firm has a market capitalization of $1.91 billion, a P/E ratio of 22.27 and a beta of 2.28. Cambrex Corporation has a 52 week low of $38.30 and a 52 week high of $62.95. The firm’s 50 day moving average is $58.97 and its 200 day moving average is $55.37.
Cambrex Corporation (NYSE:CBM) last issued its quarterly earnings data on Friday, August 4th. The biotechnology company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $134.55 million for the quarter, compared to analyst estimates of $136.82 million. Cambrex Corporation had a net margin of 17.36% and a return on equity of 24.92%. Cambrex Corporation’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Analysts expect that Cambrex Corporation will post $3.02 earnings per share for the current fiscal year.
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In other Cambrex Corporation news, Director Leon J. Hendrix, Jr. sold 20,656 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $55.95, for a total transaction of $1,155,703.20. Following the sale, the director now directly owns 74,662 shares in the company, valued at $4,177,338.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven M. Klosk sold 12,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $61.39, for a total transaction of $736,680.00. Following the sale, the chief executive officer now owns 95,328 shares in the company, valued at $5,852,185.92. The disclosure for this sale can be found here. Insiders have sold 70,656 shares of company stock worth $4,064,423 over the last quarter. Insiders own 2.48% of the company’s stock.
A number of hedge funds have recently modified their holdings of CBM. BlackRock Inc. raised its stake in shares of Cambrex Corporation by 156,940.2% in the first quarter. BlackRock Inc. now owns 4,002,955 shares of the biotechnology company’s stock worth $220,363,000 after buying an additional 4,000,406 shares during the period. FMR LLC raised its stake in shares of Cambrex Corporation by 78.2% in the first quarter. FMR LLC now owns 899,086 shares of the biotechnology company’s stock worth $49,494,000 after buying an additional 394,638 shares during the period. Norges Bank acquired a new stake in shares of Cambrex Corporation during the fourth quarter worth about $16,903,000. Neumeier Poma Investment Counsel LLC purchased a new stake in Cambrex Corporation during the first quarter worth $16,854,000. Finally, Marshall Wace North America L.P. raised its stake in Cambrex Corporation by 2,239.4% in the second quarter. Marshall Wace North America L.P. now owns 266,106 shares of the biotechnology company’s stock worth $15,966,000 after buying an additional 254,731 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.
Cambrex Corporation Company Profile
Cambrex Corporation (Cambrex) is a life sciences company. It provides products and services for the development and commercialization of generic therapeutics. It operates through four segments, which are manufacturing facilities that have been aggregated as a single segment. Its manufacturing facilities are owned by the subsidiaries, including Cambrex Charles City, Inc, Cambrex Karlskoga AB and Cambrex Profarmaco Milano S.r.l.
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