Morgan Stanley Lowers AMAG Pharmaceuticals, Inc. (AMAG) Price Target to $22.00
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) had its price target cut by equities research analysts at Morgan Stanley from $26.00 to $22.00 in a research report issued on Friday. The brokerage presently has an “overweight” rating on the specialty pharmaceutical company’s stock. Morgan Stanley’s price target indicates a potential upside of 56.81% from the stock’s previous close.
A number of other equities research analysts have also recently commented on AMAG. BidaskClub upgraded AMAG Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Citigroup Inc. lowered their target price on AMAG Pharmaceuticals to $24.00 and set a “hold” rating on the stock in a research note on Friday, July 7th. Deutsche Bank AG set a $24.00 target price on AMAG Pharmaceuticals and gave the stock a “hold” rating in a research note on Friday, July 7th. Zacks Investment Research upgraded AMAG Pharmaceuticals from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of AMAG Pharmaceuticals in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.50.
AMAG Pharmaceuticals (AMAG) traded up $1.23 on Friday, reaching $14.03. 1,815,983 shares of the company’s stock were exchanged, compared to its average volume of 1,069,796. The company has a current ratio of 1.59, a quick ratio of 1.41 and a debt-to-equity ratio of 0.94. AMAG Pharmaceuticals has a 1 year low of $11.93 and a 1 year high of $36.83.
AMAG Pharmaceuticals (NASDAQ:AMAG) last posted its quarterly earnings data on Thursday, August 3rd. The specialty pharmaceutical company reported ($0.40) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.18. The firm had revenue of $158.39 million for the quarter, compared to the consensus estimate of $158.83 million. AMAG Pharmaceuticals had a negative net margin of 35.35% and a negative return on equity of 0.64%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. analysts expect that AMAG Pharmaceuticals will post -1.26 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in AMAG. State of Alaska Department of Revenue raised its stake in AMAG Pharmaceuticals by 81.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,871 shares of the specialty pharmaceutical company’s stock valued at $126,000 after acquiring an additional 3,081 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in AMAG Pharmaceuticals by 6.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,280 shares of the specialty pharmaceutical company’s stock valued at $152,000 after acquiring an additional 510 shares during the period. Aperio Group LLC bought a new stake in AMAG Pharmaceuticals in the 3rd quarter valued at about $198,000. Sei Investments Co. raised its stake in AMAG Pharmaceuticals by 29.5% in the 2nd quarter. Sei Investments Co. now owns 10,799 shares of the specialty pharmaceutical company’s stock valued at $199,000 after acquiring an additional 2,457 shares during the period. Finally, Karp Capital Management Corp bought a new stake in AMAG Pharmaceuticals in the 1st quarter valued at about $232,000.
About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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