ANI Pharmaceuticals (ANIP) Upgraded to “Buy” by ValuEngine
ValuEngine upgraded shares of ANI Pharmaceuticals (NASDAQ:ANIP) from a hold rating to a buy rating in a report released on Friday morning.
A number of other research firms have also weighed in on ANIP. Canaccord Genuity set a $77.00 price objective on ANI Pharmaceuticals and gave the company a buy rating in a research note on Friday, December 29th. TheStreet raised ANI Pharmaceuticals from a c+ rating to a b rating in a research note on Thursday, November 16th. BidaskClub raised ANI Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, January 5th. Finally, Zacks Investment Research lowered ANI Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $72.25.
Shares of ANI Pharmaceuticals (NASDAQ:ANIP) opened at $62.69 on Friday. The firm has a market capitalization of $731.03, a P/E ratio of 17.76 and a beta of 2.75. ANI Pharmaceuticals has a 52 week low of $42.23 and a 52 week high of $74.70. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.39 and a current ratio of 3.36.
A number of hedge funds have recently made changes to their positions in ANIP. Bank of Montreal Can lifted its stake in ANI Pharmaceuticals by 681.8% in the fourth quarter. Bank of Montreal Can now owns 2,408 shares of the specialty pharmaceutical company’s stock worth $156,000 after acquiring an additional 2,100 shares during the period. SG Americas Securities LLC purchased a new stake in ANI Pharmaceuticals in the third quarter worth $197,000. Millennium Management LLC purchased a new stake in ANI Pharmaceuticals in the fourth quarter worth $210,000. Violich Capital Management Inc. purchased a new stake in ANI Pharmaceuticals in the third quarter worth $217,000. Finally, Driehaus Capital Management LLC purchased a new stake in ANI Pharmaceuticals in the fourth quarter worth $220,000. 56.00% of the stock is owned by institutional investors.
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About ANI Pharmaceuticals
ANI Pharmaceuticals, Inc is an integrated specialty pharmaceutical company. The Company is engaged in developing, manufacturing and marketing branded and generic prescription pharmaceuticals. The Company focuses on areas, including controlled substances, anti-cancer (oncolytics), hormones and steroids, and complex formulations.
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