Concordia Healthcare Corp. (CXRX) Stock Price Down 1.4%
Concordia Healthcare Corp. (NASDAQ:CXRX)’s share price traded down 1.4% during trading on Friday . The stock traded as low as $8.14 and last traded at $8.31, with a volume of 652,131 shares changing hands. The stock had previously closed at $8.43.
Several equities analysts have commented on the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Concordia Healthcare Corp. in a report on Tuesday, August 23rd. TD Securities reaffirmed a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Concordia Healthcare Corp. in a report on Wednesday, August 17th. Zacks Investment Research cut Concordia Healthcare Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 17th. Canaccord Genuity set a $20.00 target price on Concordia Healthcare Corp. and gave the stock a “buy” rating in a report on Monday, August 15th. Finally, Goldman Sachs Group Inc. dropped their target price on Concordia Healthcare Corp. from $26.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.87.
The company’s 50-day moving average price is $14.31 and its 200 day moving average price is $23.64. The stock’s market cap is $417.32 million.
Concordia Healthcare Corp. (NASDAQ:CXRX) last issued its quarterly earnings data on Friday, August 12th. The company reported $1.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.38. The firm had revenue of $231.70 million for the quarter, compared to the consensus estimate of $229.76 million. The business’s revenue was up 208.1% compared to the same quarter last year. Equities research analysts predict that Concordia Healthcare Corp. will post $5.35 earnings per share for the current fiscal year.
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