Jefferies Group LLC started coverage on shares of CTI BioPharma Corp. (NASDAQ:CTIC) in a research note issued to investors on Tuesday, MarketBeat reports. The firm issued a buy rating and a $7.50 price target on the biopharmaceutical company’s stock. Jefferies Group also issued estimates for CTI BioPharma Corp.’s Q3 2017 earnings at ($0.32) EPS, Q4 2017 earnings at ($0.31) EPS, FY2017 earnings at ($1.26) EPS, Q1 2018 earnings at ($0.32) EPS, Q2 2018 earnings at ($0.31) EPS, Q3 2018 earnings at ($0.66) EPS, Q4 2018 earnings at ($0.55) EPS, FY2018 earnings at ($1.87) EPS, FY2019 earnings at ($0.71) EPS, FY2020 earnings at ($0.25) EPS and FY2021 earnings at $0.26 EPS.
Shares of CTI BioPharma Corp. (NASDAQ CTIC) opened at 3.32 on Tuesday. The firm’s market cap is $105.33 million. CTI BioPharma Corp. has a 52 week low of $0.36 and a 52 week high of $6.48. The stock has a 50 day moving average of $3.34 and a 200 day moving average of $3.76.
CTI BioPharma Corp. (NASDAQ:CTIC) last issued its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.63. CTI BioPharma Corp. had a negative return on equity of 418.99% and a negative net margin of 136.76%. The company had revenue of $22.23 million for the quarter. Analysts anticipate that CTI BioPharma Corp. will post ($1.26) earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Jefferies Group LLC Initiates Coverage on CTI BioPharma Corp. (CTIC)” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/16/jefferies-group-llc-initiates-coverage-on-cti-biopharma-corp-ctic.html.
A number of large investors have recently added to or reduced their stakes in CTIC. Stonepine Capital Management LLC acquired a new stake in CTI BioPharma Corp. in the second quarter valued at about $7,561,000. Acadian Asset Management LLC acquired a new stake in CTI BioPharma Corp. in the first quarter valued at about $181,000. WASHINGTON TRUST Co acquired a new stake in shares of CTI BioPharma Corp. during the second quarter valued at about $104,000. Nine Chapters Capital Management LLC boosted its stake in shares of CTI BioPharma Corp. by 152.9% during the first quarter. Nine Chapters Capital Management LLC now owns 43,500 shares of the biopharmaceutical company’s stock valued at $183,000 after purchasing an additional 26,300 shares in the last quarter. Finally, Segantii Capital Management Ltd acquired a new stake in shares of CTI BioPharma Corp. during the first quarter valued at about $102,000. 42.87% of the stock is currently owned by institutional investors and hedge funds.
About CTI BioPharma Corp.
CTI BioPharma Corp. (CTI) is a biopharmaceutical company focused on the acquisition, development and commercialization of targeted therapies covering a spectrum of blood-related cancers to patients and healthcare providers. The Company is primarily focused on commercializing PIXUVRI in select countries in the European Union, for multiply relapsed or refractory aggressive B-cell non-Hodgkin lymphoma (NHL).
Receive News & Ratings for CTI BioPharma Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTI BioPharma Corp. and related companies with MarketBeat.com's FREE daily email newsletter.