Brokerages Set Concordia International Corp (CXRX) PT at $4.15

Concordia International Corp (NASDAQ:CXRX) (TSE:CXR) has received an average rating of “Sell” from the nine ratings firms that are covering the company. Seven analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $4.15.

CXRX has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Concordia International Corp from a “hold” rating to a “sell” rating in a report on Monday, March 20th. TD Securities downgraded shares of Concordia International Corp from a “hold” rating to a “reduce” rating in a report on Wednesday, February 8th. Finally, Canaccord Genuity reissued a “sell” rating on shares of Concordia International Corp in a report on Tuesday, March 14th.

Institutional investors have recently modified their holdings of the stock. Partners Group Holding AG purchased a new position in shares of Concordia International Corp during the fourth quarter valued at $145,000. Black Maple Capital Management LP increased its position in shares of Concordia International Corp by 166.7% in the third quarter. Black Maple Capital Management LP now owns 40,000 shares of the company’s stock valued at $179,000 after buying an additional 25,000 shares in the last quarter. Allianz Asset Management AG increased its position in shares of Concordia International Corp by 78.5% in the fourth quarter. Allianz Asset Management AG now owns 125,086 shares of the company’s stock valued at $265,000 after buying an additional 54,998 shares in the last quarter. Continental Advisors LLC purchased a new position in shares of Concordia International Corp during the fourth quarter valued at $339,000. Finally, Norges Bank purchased a new position in shares of Concordia International Corp during the fourth quarter valued at $1,721,000. 36.69% of the stock is currently owned by institutional investors and hedge funds.



Concordia International Corp (NASDAQ:CXRX) traded down 0.73% on Tuesday, reaching $1.36. 100,053 shares of the company traded hands. The company’s market capitalization is $69.48 million. Concordia International Corp has a one year low of $1.30 and a one year high of $34.52. The stock’s 50 day moving average price is $1.70 and its 200 day moving average price is $2.50.

Concordia International Corp (NASDAQ:CXRX) last posted its quarterly earnings data on Wednesday, March 15th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.42. The business earned $170.40 million during the quarter, compared to analysts’ expectations of $181.65 million. Concordia International Corp had a positive return on equity of 22.81% and a negative net margin of 81.40%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. On average, equities research analysts predict that Concordia International Corp will post $1.50 EPS for the current fiscal year.

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About Concordia International Corp

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