Shares of Amphastar Pharmaceuticals, Inc. (NASDAQ:AMPH) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.20.

A number of brokerages have recently commented on AMPH. Needham & Company LLC upped their price target on Amphastar Pharmaceuticals from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets upped their price target on Amphastar Pharmaceuticals from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, November 10th. Zacks Investment Research cut Amphastar Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $19.00 price target on Amphastar Pharmaceuticals and gave the company a “buy” rating in a research report on Sunday, October 22nd. Finally, Jefferies Group set a $19.00 price target on Amphastar Pharmaceuticals and gave the company a “buy” rating in a research report on Sunday, October 29th.

Shares of Amphastar Pharmaceuticals (NASDAQ:AMPH) traded down $0.21 during trading hours on Thursday, reaching $18.68. The company’s stock had a trading volume of 155,072 shares, compared to its average volume of 293,490. The company has a market cap of $881.82, a P/E ratio of 127.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.08 and a quick ratio of 1.86. Amphastar Pharmaceuticals has a 52-week low of $12.05 and a 52-week high of $21.75.

Amphastar Pharmaceuticals (NASDAQ:AMPH) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. Amphastar Pharmaceuticals had a return on equity of 2.30% and a net margin of 0.12%. The firm had revenue of $57.90 million during the quarter, compared to the consensus estimate of $57.23 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. sell-side analysts forecast that Amphastar Pharmaceuticals will post -0.03 EPS for the current year.

Amphastar Pharmaceuticals declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 9th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, CFO William J. Peters sold 6,226 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $19.67, for a total transaction of $122,465.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael A. Zasloff sold 63,624 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.18, for a total value of $1,156,684.32. Following the sale, the director now directly owns 101,879 shares in the company, valued at approximately $1,852,160.22. The disclosure for this sale can be found here. Insiders have sold a total of 186,666 shares of company stock worth $3,451,064 in the last ninety days. Insiders own 11.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in Amphastar Pharmaceuticals by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,611 shares of the company’s stock worth $100,000 after purchasing an additional 842 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Amphastar Pharmaceuticals during the 2nd quarter worth about $111,000. State of Alaska Department of Revenue lifted its holdings in Amphastar Pharmaceuticals by 77.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,052 shares of the company’s stock worth $125,000 after purchasing an additional 3,072 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Amphastar Pharmaceuticals by 2.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,430 shares of the company’s stock worth $151,000 after purchasing an additional 230 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Amphastar Pharmaceuticals by 58.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 10,545 shares of the company’s stock worth $188,000 after purchasing an additional 3,880 shares in the last quarter. 44.14% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Amphastar Pharmaceuticals, Inc. (AMPH) Receives Consensus Rating of “Hold” from Brokerages” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/amphastar-pharmaceuticals-inc-amph-receives-consensus-rating-of-hold-from-brokerages/1746226.html.

Amphastar Pharmaceuticals Company Profile

Amphastar Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses primarily on developing, manufacturing, marketing and selling generic and injectable, inhalation and intranasal products. The Company has two segments: finished pharmaceutical products and active pharmaceutical ingredients (API) products.

Analyst Recommendations for Amphastar Pharmaceuticals (NASDAQ:AMPH)

Receive News & Ratings for Amphastar Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphastar Pharmaceuticals Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.