Sucampo Pharmaceuticals (SCMP) Raised to “Buy” at BidaskClub
Sucampo Pharmaceuticals (NASDAQ:SCMP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.
Several other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Sucampo Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. began coverage on shares of Sucampo Pharmaceuticals in a research report on Wednesday, November 15th. They issued a “buy” rating and a $14.00 target price for the company. B. Riley began coverage on shares of Sucampo Pharmaceuticals in a research report on Tuesday, November 14th. They set a “buy” rating and a $14.00 price target for the company. Maxim Group restated a “buy” rating and set a $23.00 price target on shares of Sucampo Pharmaceuticals in a research report on Thursday, November 2nd. Finally, Mizuho restated a “hold” rating and set a $12.00 price target on shares of Sucampo Pharmaceuticals in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.60.
Shares of Sucampo Pharmaceuticals (NASDAQ SCMP) traded up $0.40 during trading hours on Tuesday, reaching $16.00. Sucampo Pharmaceuticals has a fifty-two week low of $9.30 and a fifty-two week high of $17.70. The company has a market capitalization of $746.19, a P/E ratio of 10.96, a P/E/G ratio of 4.76 and a beta of 1.47. The company has a current ratio of 5.11, a quick ratio of 4.46 and a debt-to-equity ratio of 7.37.
In other Sucampo Pharmaceuticals news, major shareholder Sachiko Kuno sold 1,000,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $12.00, for a total transaction of $12,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SCMP. Point72 Asset Management L.P. purchased a new stake in shares of Sucampo Pharmaceuticals during the third quarter worth about $21,989,000. Rubric Capital Management LP purchased a new stake in shares of Sucampo Pharmaceuticals during the second quarter worth about $6,068,000. Vanguard Group Inc. boosted its holdings in shares of Sucampo Pharmaceuticals by 48.9% during the first quarter. Vanguard Group Inc. now owns 1,456,787 shares of the biopharmaceutical company’s stock worth $16,024,000 after purchasing an additional 478,226 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Sucampo Pharmaceuticals by 871.6% during the third quarter. Prudential Financial Inc. now owns 410,323 shares of the biopharmaceutical company’s stock worth $4,842,000 after purchasing an additional 368,090 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in shares of Sucampo Pharmaceuticals during the second quarter worth about $1,648,000. Institutional investors and hedge funds own 65.31% of the company’s stock.
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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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