Catalyst Pharmaceuticals (CPRX) Lowered to “Buy” at BidaskClub
Catalyst Pharmaceuticals (NASDAQ:CPRX) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
CPRX has been the topic of several other reports. Zacks Investment Research downgraded shares of Catalyst Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. SunTrust Banks reissued a “buy” rating and set a $5.00 target price on shares of Catalyst Pharmaceuticals in a research report on Tuesday, September 5th. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Catalyst Pharmaceuticals in a research report on Friday, November 10th. Roth Capital set a $5.00 target price on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $8.00 target price on shares of Catalyst Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Catalyst Pharmaceuticals presently has a consensus rating of “Buy” and a consensus price target of $6.25.
Catalyst Pharmaceuticals (NASDAQ CPRX) opened at $4.01 on Thursday. Catalyst Pharmaceuticals has a 1 year low of $1.01 and a 1 year high of $4.51.
A number of hedge funds have recently added to or reduced their stakes in CPRX. Nationwide Fund Advisors bought a new stake in Catalyst Pharmaceuticals during the second quarter valued at about $111,000. New York State Common Retirement Fund bought a new stake in Catalyst Pharmaceuticals during the second quarter valued at about $114,000. Bank of New York Mellon Corp boosted its holdings in Catalyst Pharmaceuticals by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 69,176 shares of the biopharmaceutical company’s stock valued at $135,000 after acquiring an additional 2,404 shares during the period. SG Americas Securities LLC bought a new stake in Catalyst Pharmaceuticals during the third quarter valued at about $144,000. Finally, State of Wisconsin Investment Board bought a new stake in Catalyst Pharmaceuticals during the second quarter valued at about $149,000. Institutional investors own 35.57% of the company’s stock.
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About Catalyst Pharmaceuticals
Catalyst Pharmaceuticals, Inc, formerly Catalyst Pharmaceutical Partners, Inc, is a development-stage biopharmaceutical company. The Company is focused on developing and commercializing therapies for people with rare debilitating diseases. The Company has three drugs in development: Firdapse, CPP-109 and CPP-115.
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