Mizuho Securities Has Just Reaffirmed $54.0000 Target Price Per Share on Eagle Pharmaceuticals (NASDAQ:EGRX) stock, While They’ve Also Reiterated Their “Sell” Rating

May 18, 2018 - By Jimmy Baldridge

Eagle Pharmaceuticals (NASDAQ:EGRX) Rating Reaffirmed

Eagle Pharmaceuticals (NASDAQ:EGRX) just had their share rating of a ‘”Sell”‘ issued by research analysts at Mizuho Securities, who now has a $54.0000 TP on the $1.02 billion market cap company or a -21.27 % downside potential. This key information was revealed to clients and investors in a research report on Thursday morning.

Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) Ratings Coverage

Among 3 analysts covering Eagle Pharmaceuticals (NASDAQ:EGRX), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Eagle Pharmaceuticals has $79.0 highest and $37.0 lowest target. $63.33’s average target is -7.67% below currents $68.59 stock price. Eagle Pharmaceuticals had 6 analyst reports since December 18, 2017 according to SRatingsIntel. RBC Capital Markets maintained Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) rating on Monday, February 26. RBC Capital Markets has “Buy” rating and $71.0 target. The firm has “Buy” rating given on Tuesday, January 30 by Piper Jaffray. Mizuho maintained Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) rating on Wednesday, March 21. Mizuho has “Sell” rating and $40.0 target. The firm has “Sell” rating by Mizuho given on Monday, February 26. The firm has “Sell” rating given on Monday, May 7 by Mizuho. Mizuho maintained the stock with “Sell” rating in Monday, December 18 report.

The stock increased 1.27% or $0.86 during the last trading session, reaching $68.59. About 249,008 shares traded. Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) has declined 36.05% since May 18, 2017 and is downtrending. It has underperformed by 47.60% the S&P500.

Analysts await Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) to report earnings on August, 8. They expect $0.77 earnings per share, up 133.33 % or $0.44 from last year’s $0.33 per share. EGRX’s profit will be $11.43M for 22.27 P/E if the $0.77 EPS becomes a reality. After $0.17 actual earnings per share reported by Eagle Pharmaceuticals, Inc. for the previous quarter, Wall Street now forecasts 352.94 % EPS growth.

Eagle Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on developing and commercializing injectable products primarily in the critical care and oncology areas in the United States. The company has market cap of $1.02 billion. The firm offers argatroban for heparin-induced thrombocytopenia; Ryanodex for malignant hyperthermia; non-alcohol docetaxel injection, a chemotherapeutic agent for breast, non-small cell lung, prostate, head, and neck cancers/gastric adenocarcinoma; and Bendeka for chronic lymphocytic leukemia and indolent B-cell non-Hodgkin's lymphoma. It has a 20.98 P/E ratio. The Company’s product candidates includes include EP-4104, a dantrolene sodium for exertional heat stroke; EGL-4104-C-1702, dantrolene sodium for drug induced hyperthermia; EP-5101 for lung cancer and mesothelioma; and EGL-5385-C-1701 (fulvestrant) for breast cancer.

More notable recent Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Agios Pharmaceuticals, Corcept Therapeutics, Prestige Brand, Virtu Financial …” on May 17, 2018, also Streetinsider.com with their article: “Eagle (EGRX) Denied Unique Ryanodex J-Code – Mizuho” published on May 07, 2018, Streetinsider.com published: “Eagle Pharmaceuticals (EGRX) Misses Q1 EPS by 16c, Miss on Revenues” on May 10, 2018. More interesting news about Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) were released by: Streetinsider.com and their article: “Eagle Pharmaceuticals (EGRX) Says it was Granted Final FDA Approval for Bendamustine Hydrochloride Ready-to …” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “Eagle Pharmaceuticals, Inc. Granted Final FDA Approval for Bendamustine Hydrochloride Ready-to-Dilute Solution in …” with publication date: May 16, 2018.

Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) Ratings Chart

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