Pacira Pharmaceuticals (NASDAQ:PCRX)‘s stock had its “buy” rating reissued by investment analysts at Wedbush in a research report issued on Monday, November 20th. They presently have a $80.00 price objective on the stock. Wedbush’s target price would suggest a potential upside of 87.35% from the company’s current price. Wedbush also issued estimates for Pacira Pharmaceuticals’ Q4 2017 earnings at ($0.31) EPS, FY2017 earnings at ($1.08) EPS, FY2018 earnings at ($1.32) EPS, FY2019 earnings at ($0.37) EPS and FY2020 earnings at $0.85 EPS.
Several other research firms also recently weighed in on PCRX. Jefferies Group decreased their target price on Pacira Pharmaceuticals to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Mizuho restated a “buy” rating and issued a $54.00 price objective on shares of Pacira Pharmaceuticals in a report on Wednesday, July 26th. Piper Jaffray Companies restated a “buy” rating and issued a $55.00 price objective on shares of Pacira Pharmaceuticals in a report on Friday, October 27th. ValuEngine downgraded Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, BidaskClub lowered Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $48.86.
Pacira Pharmaceuticals (NASDAQ:PCRX) traded down $1.25 during mid-day trading on Monday, hitting $42.70. 663,118 shares of the company were exchanged, compared to its average volume of 839,391. Pacira Pharmaceuticals has a 1 year low of $29.81 and a 1 year high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.
Pacira Pharmaceuticals (NASDAQ:PCRX) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative net margin of 18.25% and a negative return on equity of 13.77%. The company had revenue of $67.30 million during the quarter, compared to analyst estimates of $68.99 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Pacira Pharmaceuticals’s quarterly revenue was down 1.6% compared to the same quarter last year. analysts predict that Pacira Pharmaceuticals will post -0.85 earnings per share for the current year.
In other Pacira Pharmaceuticals news, SVP James B. Jones sold 850 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $41.11, for a total value of $34,943.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Kronenfeld purchased 1,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average cost of $41.60 per share, with a total value of $41,600.00. Following the completion of the acquisition, the director now directly owns 6,795 shares of the company’s stock, valued at approximately $282,672. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,735 shares of company stock worth $2,692,594. 6.60% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new position in shares of Pacira Pharmaceuticals during the 1st quarter worth approximately $237,000. Teachers Advisors LLC raised its stake in shares of Pacira Pharmaceuticals by 238.5% during the 1st quarter. Teachers Advisors LLC now owns 212,792 shares of the company’s stock worth $9,703,000 after buying an additional 149,938 shares during the period. Vanguard Group Inc. raised its stake in shares of Pacira Pharmaceuticals by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,860,092 shares of the company’s stock worth $130,420,000 after buying an additional 112,853 shares during the period. UBS Group AG raised its stake in shares of Pacira Pharmaceuticals by 96.8% during the 1st quarter. UBS Group AG now owns 14,473 shares of the company’s stock worth $660,000 after buying an additional 7,117 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Pacira Pharmaceuticals by 28,922.7% during the 1st quarter. BlackRock Inc. now owns 3,183,787 shares of the company’s stock worth $145,180,000 after buying an additional 3,172,817 shares during the period.
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About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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