Cumberland Pharmaceuticals (CPIX) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cumberland Pharmaceuticals (NASDAQ:CPIX) from a hold rating to a buy rating in a research report sent to investors on Wednesday. Zacks Investment Research currently has $6.25 price target on the specialty pharmaceutical company’s stock.

According to Zacks, “Cumberland Pharmaceuticals, Inc., headquartered in Nashville, Tennessee, is a specialty pharmaceutical company focused on acquiring, developing, and commercializing branded prescription products for the acute care and gastroenterology markets. The company’s lead product candidate, Amelior, which is in phase III clinical trials, is an intravenous formulation of ibuprofen for the treatment of both pain and fever. Its products also comprise Acetadote, an intravenous formulation of N-acetylcysteine for the treatment of acetaminophen poisoning; and Kristalose, a prescription laxative product, which is a crystalline form of lactulose to enhance patient acceptance and compliance. In addition, the company is developing a treatment for fluid buildup in the lungs of cancer patients and an anti-infective for treating fungal infections in immuno-compromised patients. “

Separately, B. Riley lowered their price objective on shares of Cumberland Pharmaceuticals from $9.25 to $8.75 and set a buy rating for the company in a research note on Friday, August 17th.

CPIX traded down $0.01 during trading on Wednesday, hitting $5.44. The stock had a trading volume of 12,092 shares, compared to its average volume of 20,400. The company has a market cap of $84.85 million, a price-to-earnings ratio of -77.71 and a beta of 0.48. Cumberland Pharmaceuticals has a twelve month low of $5.18 and a twelve month high of $7.96. The company has a quick ratio of 3.53, a current ratio of 3.96 and a debt-to-equity ratio of 0.20.

Cumberland Pharmaceuticals (NASDAQ:CPIX) last announced its earnings results on Tuesday, August 14th. The specialty pharmaceutical company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. The company had revenue of $10.16 million during the quarter, compared to the consensus estimate of $9.94 million. Cumberland Pharmaceuticals had a negative net margin of 11.16% and a negative return on equity of 3.12%. On average, sell-side analysts expect that Cumberland Pharmaceuticals will post -0.4 EPS for the current year.

An institutional investor recently raised its position in Cumberland Pharmaceuticals stock. Ariel Investments LLC lifted its stake in shares of Cumberland Pharmaceuticals, Inc. (NASDAQ:CPIX) by 28.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,305,052 shares of the specialty pharmaceutical company’s stock after buying an additional 291,126 shares during the period. Ariel Investments LLC owned approximately 8.31% of Cumberland Pharmaceuticals worth $8,000,000 at the end of the most recent quarter. Institutional investors and hedge funds own 34.48% of the company’s stock.

Cumberland Pharmaceuticals Company Profile

Cumberland Pharmaceuticals Inc, a specialty pharmaceutical company, together with its subsidiaries, focuses on acquiring, developing, and commercializing branded prescription products for hospital acute care, gastroenterology, and oncology markets in the United States and internationally. Its marketed products include Acetadote (acetylcysteine) injection for the treatment of acetaminophen poisoning; Caldolor (ibuprofen) injection for the treatment of pain and fever; Kristalose (lactulose) for the treatment of chronic and acute constipation; Vaprisol (conivaptan) injection for treating hyponatremia; Omeclamox-Pak for the treatment of Helicobacter pylori infection and duodenal ulcer disease; Ethyol (amifostine) for injection to treat oncology patients; and Totect Injection for the treatment of toxic effects.

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