Trading Report: Today, Cempra Inc. (CEMP) Receives Buy Rating from RBC Capital Markets

Today, Cempra Inc. (CEMP) Receives Buy Rating from RBC Capital Markets

Cempra Inc. (NASDAQ:CEMP)‘s stock had its “buy” rating reaffirmed by research analysts at RBC Capital Markets in a research note issued to investors on Tuesday. They currently have a $27.50 target price on the stock. RBC Capital Markets’ price objective points to a potential upside of 316.67% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 target price on shares of Cempra in a research note on Wednesday, August 3rd. Jefferies Group cut shares of Cempra from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $10.00 in a research note on Monday, November 7th. Cowen and Company reaffirmed an “outperform” rating and set a $31.00 target price (down from $39.00) on shares of Cempra in a research note on Friday, October 28th. Gabelli cut shares of Cempra from a “buy” rating to a “hold” rating in a research note on Monday, November 7th. Finally, Morgan Stanley cut shares of Cempra from an “overweight” rating to an “underweight” rating and cut their target price for the company from $35.00 to $5.00 in a research note on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Cempra currently has an average rating of “Hold” and a consensus target price of $19.41.

Cempra (NASDAQ:CEMP) opened at 6.60 on Tuesday. The stock’s market cap is $345.71 million. The firm has a 50 day moving average of $14.64 and a 200-day moving average of $18.76. Cempra has a 52-week low of $5.70 and a 52-week high of $33.32.

Cempra (NASDAQ:CEMP) last posted its earnings results on Thursday, October 27th. The company reported ($0.62) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.02. The company earned $4 million during the quarter, compared to analysts’ expectations of $3.90 million. Cempra had a negative net margin of 678.72% and a negative return on equity of 59.94%. Cempra’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period last year, the company posted ($0.63) earnings per share. Equities analysts anticipate that Cempra will post ($2.42) earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. raised its stake in Cempra by 16.0% in the first quarter. Teachers Advisors Inc. now owns 80,708 shares of the company’s stock valued at $1,414,000 after buying an additional 11,108 shares during the period. BlackRock Fund Advisors raised its stake in Cempra by 14.0% in the first quarter. BlackRock Fund Advisors now owns 1,471,812 shares of the company’s stock valued at $25,786,000 after buying an additional 180,832 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Cempra by 19.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 958,391 shares of the company’s stock valued at $16,791,000 after buying an additional 153,916 shares during the period. UBS Group AG raised its stake in Cempra by 60.1% in the first quarter. UBS Group AG now owns 110,784 shares of the company’s stock valued at $1,941,000 after buying an additional 41,576 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its stake in Cempra by 4.7% in the second quarter. Franklin Street Advisors Inc. NC now owns 54,100 shares of the company’s stock valued at $892,000 after buying an additional 2,450 shares during the period. Hedge funds and other institutional investors own 77.80% of the company’s stock.

Cempra Company Profile

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