Concordia International Corp. (CXRX) Receiving Somewhat Critical News Coverage, Report Finds
News stories about Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) have been trending somewhat negative this week, according to Alpha One. Alpha One, a subsidiary of Accern, rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Concordia International Corp. earned a news impact score of -0.09 on Alpha One’s scale. Alpha One also gave media coverage about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- DryShips: Rank #1 As Worst Stock In Nasdaq (seekingalpha.com)
- Zooming in on the Numbers for Concordia International Corp. (NASDAQ:CXRX) – Jonesboro Recorder (jonesbororecorder.com)
- Concordia International Corp. (CXRX) Expected to Announce Earnings of $0.52 Per Share (americanbankingnews.com)
- Volume Moving the Tape For Concordia International Corp (CXRX) – Wall Street Review (thewallstreetreview.com)
- Concordia International Corp. :CXRX-US: Earnings Analysis: Q1, 2017 By the Numbers : June 14, 2017 (finance.yahoo.com)
CXRX has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Concordia International Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 16th. Canaccord Genuity reiterated a “sell” rating on shares of Concordia International Corp. in a report on Tuesday, March 14th. Finally, ValuEngine lowered shares of Concordia International Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Seven research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $11.69.
Concordia International Corp. (CXRX) opened at 1.16 on Tuesday. The company has a 50-day moving average of $1.35 and a 200 day moving average of $1.85. The stock’s market cap is $59.26 million. Concordia International Corp. has a 12-month low of $1.09 and a 12-month high of $24.26.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.89. Concordia International Corp. had a negative return on equity of 83.96% and a negative net margin of 185.54%. The business had revenue of $160.56 million for the quarter, compared to analyst estimates of $168.09 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was down 29.7% compared to the same quarter last year. Equities analysts anticipate that Concordia International Corp. will post $1.26 earnings per share for the current year.
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Concordia International Corp. Company Profile
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