Eagle Pharmaceuticals (EGRX) Downgraded to Hold at ValuEngine
ValuEngine lowered shares of Eagle Pharmaceuticals (NASDAQ:EGRX) from a buy rating to a hold rating in a report published on Sunday.
A number of other research firms have also recently commented on EGRX. BidaskClub raised shares of Eagle Pharmaceuticals from a hold rating to a buy rating in a research note on Saturday, December 2nd. Mizuho reaffirmed a sell rating and set a $37.00 price target on shares of Eagle Pharmaceuticals in a research note on Wednesday, November 8th. Royal Bank of Canada reaffirmed an outperform rating and set a $75.00 price target (down from $81.00) on shares of Eagle Pharmaceuticals in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $75.00 price target on shares of Eagle Pharmaceuticals in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $62.33.
Eagle Pharmaceuticals (NASDAQ EGRX) traded up $0.48 during mid-day trading on Friday, hitting $58.69. 197,700 shares of the company were exchanged, compared to its average volume of 265,950. Eagle Pharmaceuticals has a 52-week low of $45.05 and a 52-week high of $97.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 5.15 and a current ratio of 5.30. The stock has a market cap of $875.75, a PE ratio of 9.45 and a beta of 1.24.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Argent Capital Management LLC bought a new stake in Eagle Pharmaceuticals during the 2nd quarter valued at about $686,000. Advisory Services Network LLC lifted its holdings in Eagle Pharmaceuticals by 52.8% during the 2nd quarter. Advisory Services Network LLC now owns 12,225 shares of the specialty pharmaceutical company’s stock valued at $964,000 after buying an additional 4,225 shares in the last quarter. U S Global Investors Inc. bought a new stake in Eagle Pharmaceuticals during the 2nd quarter valued at about $1,097,000. Vanguard Group Inc. lifted its holdings in Eagle Pharmaceuticals by 22.7% during the 2nd quarter. Vanguard Group Inc. now owns 561,820 shares of the specialty pharmaceutical company’s stock valued at $44,322,000 after buying an additional 103,760 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its holdings in Eagle Pharmaceuticals by 20.1% during the 2nd quarter. Capital Fund Management S.A. now owns 59,246 shares of the specialty pharmaceutical company’s stock valued at $4,674,000 after buying an additional 9,900 shares in the last quarter.
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Eagle Pharmaceuticals Company Profile
Eagle Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses on developing and commercializing injectable products in the critical care and oncology areas. The Company’s product portfolio includes products, including Argatroban; Ryanodex; docetaxel injection, non-alcohol formulation; and Bendeka.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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