Zacks: CorMedix Inc (CRMD) Receives Average Rating of “Strong Buy” from Brokerages
CorMedix Inc (NASDAQ:CRMD) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $4.50 for the company and are expecting that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given CorMedix an industry rank of 66 out of 257 based on the ratings given to its competitors.
Separately, Roth Capital restated a “buy” rating and issued a $6.00 target price on shares of CorMedix in a report on Thursday.
CorMedix (NASDAQ:CRMD) last released its earnings results on Wednesday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.05). The business had revenue of $0.37 million for the quarter, compared to the consensus estimate of $0.05 million.
CorMedix, Inc, a biopharmaceutical company, focuses on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases in the United States and internationally. Its primary focus is on the development of its lead product candidate, Neutrolin, an anti-infective solution for the reduction and prevention of catheter-related infections and thrombosis in patients requiring central venous catheters in clinical settings, such as dialysis, critical/intensive care, and oncology.
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