Amphastar Pharmaceuticals (NASDAQ:AMPH) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.
A number of other research analysts have also recently commented on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $26.00 price target on shares of Amphastar Pharmaceuticals in a research note on Tuesday, January 30th. Zacks Investment Research raised Amphastar Pharmaceuticals from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Tuesday, January 23rd. Needham & Company LLC raised their target price on Amphastar Pharmaceuticals from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. BMO Capital Markets raised their target price on Amphastar Pharmaceuticals from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday, November 10th. Finally, Raymond James Financial lowered Amphastar Pharmaceuticals from an “outperform” rating to a “market perform” rating and set a $18.00 target price for the company. in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.83.
Shares of Amphastar Pharmaceuticals (NASDAQ AMPH) traded up $0.55 on Friday, hitting $18.40. The stock had a trading volume of 269,071 shares, compared to its average volume of 157,376. Amphastar Pharmaceuticals has a one year low of $12.05 and a one year high of $19.95. The company has a market cap of $820.67, a PE ratio of 119.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.13.
In related news, Director Stephen B. Shohet sold 7,862 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $18.04, for a total transaction of $141,830.48. Following the completion of the transaction, the director now directly owns 31,978 shares of the company’s stock, valued at approximately $576,883.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William J. Peters sold 6,226 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $19.67, for a total value of $122,465.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,443 shares of company stock valued at $1,434,441. 11.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in Amphastar Pharmaceuticals by 13.3% during the 4th quarter. Rhumbline Advisers now owns 80,688 shares of the company’s stock worth $1,552,000 after acquiring an additional 9,455 shares during the period. Arizona State Retirement System grew its holdings in Amphastar Pharmaceuticals by 221.6% during the 4th quarter. Arizona State Retirement System now owns 59,499 shares of the company’s stock worth $1,145,000 after acquiring an additional 40,999 shares during the period. Wells Fargo & Company MN grew its holdings in Amphastar Pharmaceuticals by 156.1% during the 4th quarter. Wells Fargo & Company MN now owns 176,323 shares of the company’s stock worth $3,392,000 after acquiring an additional 107,486 shares during the period. Swiss National Bank grew its holdings in Amphastar Pharmaceuticals by 11.8% during the 4th quarter. Swiss National Bank now owns 66,400 shares of the company’s stock worth $1,278,000 after acquiring an additional 7,000 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Amphastar Pharmaceuticals during the 4th quarter worth about $242,000. Hedge funds and other institutional investors own 43.94% of the company’s stock.
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Amphastar Pharmaceuticals Company Profile
Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.
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