Shares of Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) have been assigned a consensus recommendation of “Sell” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $0.50.
CXRX has been the topic of a number of recent analyst reports. Zacks Investment Research raised Concordia International Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered Concordia International Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Concordia International Corp. (NASDAQ:CXRX) remained flat at $1.17 on Wednesday. The company had a trading volume of 257,673 shares. Concordia International Corp. has a 12 month low of $1.09 and a 12 month high of $9.50. The company has a 50-day moving average price of $1.44 and a 200 day moving average price of $1.61. The firm’s market cap is $59.84 million.
Concordia International Corp. (NASDAQ:CXRX) (TSE:CXR) last posted its quarterly earnings data on Friday, August 11th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. The company had revenue of $160.80 million for the quarter, compared to analyst estimates of $160.92 million. Concordia International Corp. had a negative return on equity of 83.96% and a negative net margin of 269.97%. The firm’s quarterly revenue was down 30.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities analysts expect that Concordia International Corp. will post $0.46 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Concordia International Corp. during the fourth quarter valued at about $1,721,000. Toronto Dominion Bank raised its position in shares of Concordia International Corp. by 1.0% in the first quarter. Toronto Dominion Bank now owns 81,608 shares of the company’s stock valued at $132,000 after buying an additional 782 shares during the period. FMR LLC acquired a new position in shares of Concordia International Corp. during the first quarter valued at about $108,000. Morgan Stanley raised its position in shares of Concordia International Corp. by 467.8% in the first quarter. Morgan Stanley now owns 1,012,978 shares of the company’s stock valued at $1,651,000 after buying an additional 834,576 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Concordia International Corp. during the second quarter valued at about $124,000. 13.62% of the stock is currently owned by hedge funds and other institutional investors.
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About Concordia International Corp.
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