China Biologic Products’ (CBPO) “Buy” Rating Reaffirmed at Jefferies Group LLC
China Biologic Products, Inc. (NASDAQ:CBPO)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a research note issued to investors on Friday.
CBPO has been the topic of several other reports. Zacks Investment Research downgraded shares of China Biologic Products from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. BidaskClub downgraded shares of China Biologic Products from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of China Biologic Products in a research note on Tuesday, May 30th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $132.00.
Shares of China Biologic Products (CBPO) opened at 97.04 on Friday. China Biologic Products has a 12-month low of $96.00 and a 12-month high of $137.38. The stock has a 50 day moving average of $105.95 and a 200-day moving average of $108.21. The company has a market capitalization of $2.64 billion, a P/E ratio of 25.13 and a beta of 1.70.
China Biologic Products (NASDAQ:CBPO) last posted its quarterly earnings results on Wednesday, August 2nd. The biopharmaceutical company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. The firm had revenue of $89.28 million for the quarter, compared to the consensus estimate of $97.33 million. China Biologic Products had a net margin of 31.55% and a return on equity of 21.86%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Equities research analysts forecast that China Biologic Products will post $4.95 EPS for the current year.
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In other China Biologic Products news, insider Zhijing Cbpo Liu sold 7,500 shares of China Biologic Products stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $116.49, for a total transaction of $873,675.00. Following the transaction, the insider now directly owns 10,969 shares of the company’s stock, valued at $1,277,778.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.73% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of China Biologic Products by 694.1% in the first quarter. BlackRock Inc. now owns 1,508,096 shares of the biopharmaceutical company’s stock worth $151,007,000 after buying an additional 1,318,183 shares during the period. FMR LLC increased its position in shares of China Biologic Products by 27.5% in the first quarter. FMR LLC now owns 1,880,549 shares of the biopharmaceutical company’s stock worth $188,300,000 after buying an additional 406,105 shares during the period. Hermes Investment Management Ltd. increased its position in shares of China Biologic Products by 91.6% in the first quarter. Hermes Investment Management Ltd. now owns 631,224 shares of the biopharmaceutical company’s stock worth $63,204,000 after buying an additional 301,828 shares during the period. Macquarie Group Ltd. purchased a new position in shares of China Biologic Products during the first quarter worth approximately $27,324,000. Finally, Artisan Partners Limited Partnership increased its position in shares of China Biologic Products by 103.2% in the first quarter. Artisan Partners Limited Partnership now owns 395,578 shares of the biopharmaceutical company’s stock worth $39,609,000 after buying an additional 200,868 shares during the period. 74.24% of the stock is currently owned by institutional investors.
About China Biologic Products
China Biologic Products, Inc (China Biologic) is a biopharmaceutical company. The Company is principally engaged in the research, development, manufacturing and sales of human plasma-based biopharmaceutical products in China. It operates through the manufacture and sales of human plasma products segment.
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