Chugai Pharmaceutical (OTCMKTS:CHGCY – Get Free Report) was downgraded by investment analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.
A number of other brokerages have also weighed in on CHGCY. Zacks Research upgraded Chugai Pharmaceutical to a “hold” rating in a research note on Friday, May 29th. The Goldman Sachs Group upgraded Chugai Pharmaceutical from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on CHGCY
Chugai Pharmaceutical Stock Performance
Chugai Pharmaceutical (OTCMKTS:CHGCY – Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported $0.22 earnings per share (EPS) for the quarter. Chugai Pharmaceutical had a net margin of 35.09% and a return on equity of 23.71%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.38 billion. As a group, equities analysts forecast that Chugai Pharmaceutical will post 0.96 earnings per share for the current year.
Chugai Pharmaceutical Company Profile
Chugai Pharmaceutical Co, Ltd. is a Japan-based biopharmaceutical company headquartered in Tokyo that focuses on the discovery, development, manufacture and marketing of prescription medicines. The company develops both biologics and small-molecule therapies, with particular emphasis on oncology and immunology as well as treatments for bone and metabolic disorders. Chugai’s activities span the full drug lifecycle from early research and clinical development through regulatory approval, manufacturing and post-marketing support.
Chugai is known for its research-driven approach and its work on monoclonal antibodies and other biologic therapeutics.
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