Sucampo Pharmaceuticals, Inc. (SCMP) Given Consensus Rating of “Buy” by Brokerages
Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) has been given a consensus rating of “Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.86.
Several equities research analysts have recently weighed in on SCMP shares. Zacks Investment Research raised Sucampo Pharmaceuticals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Mizuho lowered Sucampo Pharmaceuticals from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $12.00 in a research note on Tuesday, October 3rd. TheStreet lowered Sucampo Pharmaceuticals from a “c+” rating to a “d” rating in a research note on Wednesday, August 2nd. Finally, Maxim Group set a $23.00 target price on Sucampo Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, August 2nd.
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Shares of Sucampo Pharmaceuticals (NASDAQ SCMP) opened at 10.25 on Thursday. Sucampo Pharmaceuticals has a 52 week low of $9.30 and a 52 week high of $17.55. The company has a 50 day moving average of $11.65 and a 200-day moving average of $10.72. The company’s market cap is $474.83 million.
Sucampo Pharmaceuticals (NASDAQ:SCMP) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Sucampo Pharmaceuticals had a positive return on equity of 56.58% and a negative net margin of 61.99%. The company had revenue of $59.90 million during the quarter, compared to analysts’ expectations of $56.44 million. During the same period in the prior year, the business earned $0.24 earnings per share. Sucampo Pharmaceuticals’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities research analysts expect that Sucampo Pharmaceuticals will post $1.01 earnings per share for the current fiscal year.
In related news, major shareholder Sachiko Kuno sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $12.00, for a total value of $12,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jones W. Bryan purchased 4,700 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of $10.60 per share, for a total transaction of $49,820.00. Following the acquisition, the insider now owns 4,700 shares of the company’s stock, valued at $49,820. The disclosure for this purchase can be found here. Company insiders own 4.13% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SCMP. Louisiana State Employees Retirement System boosted its holdings in Sucampo Pharmaceuticals by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the biopharmaceutical company’s stock valued at $107,000 after acquiring an additional 100 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Sucampo Pharmaceuticals in the second quarter valued at about $116,000. JPMorgan Chase & Co. bought a new position in Sucampo Pharmaceuticals in the second quarter valued at about $117,000. Karp Capital Management Corp bought a new position in Sucampo Pharmaceuticals in the first quarter valued at about $119,000. Finally, Pinnacle Associates Ltd. bought a new position in Sucampo Pharmaceuticals in the second quarter valued at about $122,000. Institutional investors and hedge funds own 55.46% of the company’s stock.
Sucampo Pharmaceuticals Company Profile
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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