Cambrex Corporation (CBM) Stock Rating Lowered by BidaskClub
Cambrex Corporation (NYSE:CBM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Cambrex Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. ValuEngine cut shares of Cambrex Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cambrex Corporation presently has a consensus rating of “Buy” and an average price target of $64.00.
Cambrex Corporation (NYSE CBM) traded down 0.85% during trading on Friday, reaching $52.80. The company’s stock had a trading volume of 191,728 shares. Cambrex Corporation has a one year low of $38.30 and a one year high of $62.95. The firm has a market cap of $1.73 billion, a PE ratio of 19.23 and a beta of 2.28. The company has a 50-day moving average of $58.46 and a 200 day moving average of $55.48.
Cambrex Corporation (NYSE:CBM) last posted its quarterly earnings results on Friday, August 4th. The biotechnology company reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76. Cambrex Corporation had a net margin of 17.70% and a return on equity of 24.25%. The firm had revenue of $134.55 million for the quarter, compared to analysts’ expectations of $136.82 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts expect that Cambrex Corporation will post $3.08 EPS for the current fiscal year.
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In other news, VP Samantha Hanley sold 14,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $57.56, for a total transaction of $805,840.00. Following the sale, the vice president now owns 1,500 shares in the company, valued at $86,340. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Steven M. Klosk sold 12,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $54.19, for a total transaction of $650,280.00. Following the sale, the chief executive officer now owns 95,328 shares in the company, valued at approximately $5,165,824.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,656 shares of company stock worth $4,064,423. Corporate insiders own 2.48% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP bought a new stake in shares of Cambrex Corporation during the second quarter valued at about $4,670,000. Dimensional Fund Advisors LP boosted its stake in shares of Cambrex Corporation by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,330,254 shares of the biotechnology company’s stock valued at $79,483,000 after buying an additional 11,762 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Cambrex Corporation by 32.5% in the second quarter. Renaissance Technologies LLC now owns 254,202 shares of the biotechnology company’s stock valued at $15,189,000 after buying an additional 62,402 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Cambrex Corporation by 5.4% in the second quarter. Parametric Portfolio Associates LLC now owns 93,817 shares of the biotechnology company’s stock valued at $5,606,000 after buying an additional 4,841 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Cambrex Corporation by 29.8% in the second quarter. Advisor Group Inc. now owns 2,681 shares of the biotechnology company’s stock valued at $160,000 after buying an additional 615 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.
About Cambrex Corporation
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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