Cambrex Corporation (NYSE:CBM) Lifted to “Buy” at BidaskClub
BidaskClub upgraded shares of Cambrex Corporation (NYSE:CBM) from a hold rating to a buy rating in a research note published on Friday.
A number of other brokerages have also recently issued reports on CBM. Zacks Investment Research upgraded Cambrex Corporation from a hold rating to a buy rating and set a $59.00 price objective on the stock in a research note on Thursday, May 11th. ValuEngine cut Cambrex Corporation from a buy rating to a hold rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $64.00.
Shares of Cambrex Corporation (CBM) traded down 2.14% during midday trading on Friday, hitting $57.25. 284,703 shares of the stock traded hands. Cambrex Corporation has a 12-month low of $38.30 and a 12-month high of $62.95. The firm’s 50 day moving average price is $58.97 and its 200 day moving average price is $55.37. The company has a market capitalization of $1.86 billion, a PE ratio of 21.79 and a beta of 2.28.
Cambrex Corporation (NYSE:CBM) last announced its quarterly earnings data on Friday, August 4th. The biotechnology company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Cambrex Corporation had a return on equity of 24.25% and a net margin of 17.70%. The company had revenue of $134.55 million for the quarter, compared to analysts’ expectations of $136.82 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Cambrex Corporation will post $3.04 EPS for the current year.
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In related news, VP Samantha Hanley sold 14,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $57.56, for a total value of $805,840.00. Following the sale, the vice president now owns 1,500 shares in the company, valued at approximately $86,340. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven M. Klosk sold 12,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $54.19, for a total value of $650,280.00. Following the completion of the sale, the chief executive officer now owns 95,328 shares in the company, valued at approximately $5,165,824.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,656 shares of company stock worth $4,064,423. 2.48% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in Cambrex Corporation by 9.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,760 shares of the biotechnology company’s stock worth $105,000 after buying an additional 150 shares during the period. Creative Planning boosted its stake in Cambrex Corporation by 162.6% in the second quarter. Creative Planning now owns 1,765 shares of the biotechnology company’s stock worth $105,000 after buying an additional 1,093 shares during the period. Flinton Capital Management LLC boosted its stake in Cambrex Corporation by 3.8% in the first quarter. Flinton Capital Management LLC now owns 1,870 shares of the biotechnology company’s stock worth $103,000 after buying an additional 68 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Cambrex Corporation by 20.2% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,874 shares of the biotechnology company’s stock worth $106,000 after buying an additional 315 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Cambrex Corporation during the first quarter worth $109,000. Institutional investors and hedge funds own 98.28% of the company’s stock.
Cambrex Corporation Company Profile
Cambrex Corporation (Cambrex) is a life sciences company. It provides products and services for the development and commercialization of generic therapeutics. It operates through four segments, which are manufacturing facilities that have been aggregated as a single segment. Its manufacturing facilities are owned by the subsidiaries, including Cambrex Charles City, Inc, Cambrex Karlskoga AB and Cambrex Profarmaco Milano S.r.l.
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