Concordia Healthcare Corp. (CXRX) Reaches New 12-Month Low at $11.28
Concordia Healthcare Corp. (NASDAQ:CXRX) shares hit a new 52-week low during trading on Friday . The stock traded as low as $11.28 and last traded at $11.31, with a volume of 5,273,757 shares traded. The stock had previously closed at $16.36.
A number of analysts have recently issued reports on the company. TD Securities cut Concordia Healthcare Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Zacks Investment Research cut Concordia Healthcare Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Canaccord Genuity restated a “buy” rating on shares of Concordia Healthcare Corp. in a research report on Sunday, June 26th. Royal Bank Of Canada restated an “outperform” rating and set a $73.00 price objective on shares of Concordia Healthcare Corp. in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. assumed coverage on Concordia Healthcare Corp. in a research report on Monday, June 6th. They set a “neutral” rating and a $32.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $48.88.
The company’s 50 day moving average is $18.83 and its 200 day moving average is $25.49. The company’s market cap is $516.79 million.
Concordia Healthcare Corp. (NASDAQ:CXRX) last released its quarterly earnings data on Friday, August 12th. The company reported $1.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.38. The business earned $231.70 million during the quarter, compared to analyst estimates of $229.76 million. The firm’s revenue for the quarter was up 208.1% compared to the same quarter last year. On average, equities research analysts forecast that Concordia Healthcare Corp. will post $5.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.96%.
An institutional investor recently raised its position in Concordia Healthcare Corp. stock. Swiss National Bank raised its position in shares of Concordia Healthcare Corp. (NASDAQ:CXRX) by 26.7% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 49,810 shares of the company’s stock after buying an additional 10,510 shares during the period. Swiss National Bank owned 0.10% of Concordia Healthcare Corp. worth $2,031,000 at the end of the most recent reporting period.
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