The Cempra Inc. (CEMP) Lowered by Morgan Stanley

The Cempra Inc. (CEMP) Lowered by Morgan Stanley

Morgan Stanley downgraded shares of Cempra Inc. (NASDAQ:CEMP) from an overweight rating to an underweight rating in a research report report published on Wednesday morning. They currently have $5.00 target price on the stock, down from their prior target price of $35.00.

A number of other brokerages have also commented on CEMP. Jefferies Group set a $40.00 price target on Cempra and gave the company a buy rating in a research note on Monday, October 24th. Needham & Company LLC reissued a buy rating and set a $48.00 price target on shares of Cempra in a research note on Wednesday, October 26th. Zacks Investment Research lowered Cempra from a buy rating to a hold rating in a research note on Thursday, August 11th. Roth Capital set a $34.00 price target on Cempra and gave the company a buy rating in a research note on Friday, October 28th. Finally, Raymond James Financial Inc. assumed coverage on Cempra in a research note on Tuesday, September 13th. They set an outperform rating and a $32.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $19.41.

Cempra (NASDAQ:CEMP) opened at 6.60 on Wednesday. The stock’s market capitalization is $345.71 million. The stock’s 50 day moving average price is $14.64 and its 200 day moving average price is $18.76. Cempra has a 1-year low of $5.70 and a 1-year high of $34.24.

Cempra (NASDAQ:CEMP) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.62) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.02. Cempra had a negative return on equity of 59.94% and a negative net margin of 678.72%. The company earned $4 million during the quarter, compared to analyst estimates of $3.90 million. During the same period in the prior year, the company earned ($0.63) earnings per share. The firm’s revenue was up 60.0% on a year-over-year basis. On average, equities research analysts predict that Cempra will post ($2.42) earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Palisade Capital Management LLC NJ increased its position in Cempra by 6.4% in the second quarter. Palisade Capital Management LLC NJ now owns 95,161 shares of the company’s stock valued at $1,569,000 after buying an additional 5,738 shares during the last quarter. California State Teachers Retirement System increased its position in Cempra by 16.6% in the second quarter. California State Teachers Retirement System now owns 86,778 shares of the company’s stock valued at $1,431,000 after buying an additional 12,334 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cempra by 20.6% in the second quarter. Bank of New York Mellon Corp now owns 229,345 shares of the company’s stock valued at $3,781,000 after buying an additional 39,107 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Cempra during the second quarter valued at approximately $2,400,000. Finally, Moody Aldrich Partners LLC purchased a new position in Cempra during the second quarter valued at approximately $371,000. Institutional investors own 79.94% of the company’s stock.

Cempra Company Profile

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