IntelliPharmaCeutics Intl Inc (IPCI) Receives $2.70 Consensus PT from Brokerages

IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) has been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $2.70.

Several research firms have issued reports on IPCI. Maxim Group set a $2.00 price target on IntelliPharmaCeutics Intl and gave the company a “buy” rating in a report on Friday, February 9th. HC Wainwright set a $3.00 price target on IntelliPharmaCeutics Intl and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Zacks Investment Research lowered IntelliPharmaCeutics Intl from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th.

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NASDAQ:IPCI opened at $0.60 on Wednesday. IntelliPharmaCeutics Intl has a 52-week low of $0.51 and a 52-week high of $2.92.

IntelliPharmaCeutics Intl (NASDAQ:IPCI) (TSE:I) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). IntelliPharmaCeutics Intl had a negative net margin of 160.89% and a negative return on equity of 2,811.75%. The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.32 million. equities analysts predict that IntelliPharmaCeutics Intl will post -0.1 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in IntelliPharmaCeutics Intl stock. Armistice Capital LLC acquired a new position in IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) (TSE:I) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,936,000 shares of the company’s stock, valued at approximately $1,549,000. Armistice Capital LLC owned 6.23% of IntelliPharmaCeutics Intl as of its most recent SEC filing. Institutional investors and hedge funds own 9.02% of the company’s stock.

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IntelliPharmaCeutics Intl Company Profile

Intellipharmaceutics International Inc is a Canada-based pharmaceutical company engaged in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. Its Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.

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