In a report released today, Brandon Folkes from Cantor Fitzgerald maintained a Hold rating on Eagle Pharmaceuticals Inc (EGRX), with a price target of $58. The company’s shares opened today at $43.37, close to its 52-week low of $36.03.
Folkes noted:
“Eagle has carved out a leading position in the specialty pharma market via its 505(b) (2) strategy. We expect upward earnings revisions to the Street’s current forecasts as the company advances its pipeline and provides date-certain launch timeframes for its pipeline. Valuation Summary We use a blend of DCF and multiples (EV/EBITDA) analysis to get to our 12-month price target of $58.”
According to TipRanks.com, Folkes is a 3-star analyst with an average return of 3.8% and a 46.8% success rate. Folkes covers the Healthcare sector, focusing on stocks such as Collegium Pharmaceutical, ANI Pharmaceuticals Inc, and Emergent Biosolutions.
Eagle Pharmaceuticals Inc has an analyst consensus of Hold, with a price target consensus of $49.
See today’s analyst top recommended stocks >>
Eagle Pharmaceuticals Inc’s market cap is currently $624.3M and has a P/E ratio of 23.75. The company has a Price to Book ratio of 3.33.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Eagle Pharmaceuticals, Inc. engages in the provision of injectable products. Its products include argatroban; ryanodex; docetaxel injection, non-alcohol formulation; and bendeka. The company was founded by Scott L. Tarriff on January 2, 2007 and is headquartered in Woodcliff Lake, NJ.
