Concordia International Corp. (CXRX) Given Average Rating of “Sell” by Brokerages
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) has been given an average rating of “Sell” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $0.50.
CXRX has been the topic of a number of research reports. Zacks Investment Research raised shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC bought a new stake in shares of Concordia International Corp. during the first quarter worth $108,000. Virtu KCG Holdings LLC lifted its holdings in shares of Concordia International Corp. by 363.8% during the second quarter. Virtu KCG Holdings LLC now owns 78,635 shares of the company’s stock worth $123,000 after purchasing an additional 61,679 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Concordia International Corp. during the second quarter worth $124,000. JPMorgan Chase & Co. lifted its holdings in shares of Concordia International Corp. by 290.2% during the second quarter. JPMorgan Chase & Co. now owns 142,919 shares of the company’s stock worth $223,000 after purchasing an additional 106,290 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Concordia International Corp. by 467.8% during the first quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock worth $1,651,000 after purchasing an additional 834,576 shares during the period. 9.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Concordia International Corp. (NASDAQ CXRX) traded down 2.52% during trading on Thursday, reaching $1.16. The company had a trading volume of 128,549 shares. Concordia International Corp. has a 12 month low of $1.09 and a 12 month high of $5.55. The company’s market cap is $59.33 million. The firm has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.49.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last posted its earnings results on Friday, August 11th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $160.92 million. Concordia International Corp. had a negative net margin of 269.97% and a negative return on equity of 83.96%. The company’s revenue was down 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Analysts predict that Concordia International Corp. will post $0.66 earnings per share for the current year.
Concordia International Corp. Company Profile
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