Mizuho Trims Pacira Pharmaceuticals Inc (PCRX) Target Price to $54.00

Pacira Pharmaceuticals Inc (NASDAQ:PCRX) had its target price reduced by stock analysts at Mizuho from $57.00 to $54.00 in a research note issued to investors on Friday, May 5th. The firm presently has a “buy” rating on the stock. Mizuho’s price objective suggests a potential upside of 12.38% from the company’s previous close.

A number of other brokerages also recently issued reports on PCRX. Wedbush reissued an “outperform” rating and issued a $89.00 price target on shares of Pacira Pharmaceuticals in a report on Thursday, March 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $45.00 target price on shares of Pacira Pharmaceuticals in a research note on Thursday, March 2nd. HC Wainwright upped their target price on Pacira Pharmaceuticals from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Janney Montgomery Scott cut Pacira Pharmaceuticals from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a research report on Thursday, March 2nd. Finally, Cowen and Company reiterated a “hold” rating on shares of Pacira Pharmaceuticals in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $55.42.

Analyst Recommendations for Pacira Pharmaceuticals (NASDAQ:PCRX)

Pacira Pharmaceuticals (NASDAQ:PCRX) traded up 1.66% during trading on Friday, hitting $48.85. 243,579 shares of the stock traded hands. The firm has a 50-day moving average price of $47.22 and a 200 day moving average price of $40.97. The company’s market cap is $1.96 billion. Pacira Pharmaceuticals has a 52-week low of $29.95 and a 52-week high of $58.95.

Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.04. The company had revenue of $69.30 million during the quarter, compared to analyst estimates of $70.30 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year.

WARNING: This article was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/05/19/pacira-pharmaceuticals-inc-pcrx-price-target-cut-to-54-00-updated.html.

In other news, CAO Kristen Marie Williams sold 21,041 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $50.86, for a total value of $1,070,145.26. Following the transaction, the chief accounting officer now owns 18,775 shares in the company, valued at approximately $954,896.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President James S. Scibetta sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $51.20, for a total value of $1,024,000.00. Following the transaction, the president now owns 47,084 shares in the company, valued at approximately $2,410,700.80. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of Pacira Pharmaceuticals by 85.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,491 shares of the company’s stock valued at $114,000 after buying an additional 1,149 shares during the period. FNY Partners Fund LP bought a new position in shares of Pacira Pharmaceuticals during the first quarter valued at $136,000. Acrospire Investment Management LLC increased its position in shares of Pacira Pharmaceuticals by 2,000.0% in the third quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $144,000 after buying an additional 4,000 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Pacira Pharmaceuticals during the first quarter valued at approximately $144,000. Finally, Amalgamated Bank acquired a new stake in Pacira Pharmaceuticals during the first quarter valued at approximately $204,000.

About Pacira Pharmaceuticals

Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.

5 Day Chart for NASDAQ:PCRX

Receive News & Ratings for Pacira Pharmaceuticals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacira Pharmaceuticals Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply