Sucampo Pharmaceuticals (NASDAQ:SCMP) had its price objective hoisted by B. Riley from $14.00 to $18.00 in a research report sent to investors on Wednesday morning. They currently have a buy rating on the biopharmaceutical company’s stock.
Other analysts also recently issued reports about the company. Maxim Group reissued a buy rating and issued a $23.00 target price on shares of Sucampo Pharmaceuticals in a report on Thursday, November 2nd. Mizuho cut Sucampo Pharmaceuticals from a buy rating to a neutral rating and dropped their price target for the company from $14.00 to $12.00 in a research report on Tuesday, October 3rd. BidaskClub upgraded Sucampo Pharmaceuticals from a hold rating to a buy rating in a research report on Tuesday. Zacks Investment Research upgraded Sucampo Pharmaceuticals from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Finally, Leerink Swann began coverage on Sucampo Pharmaceuticals in a research report on Monday, August 21st. They issued an outperform rating and a $15.00 price target on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Sucampo Pharmaceuticals currently has a consensus rating of Buy and an average price target of $16.40.
Sucampo Pharmaceuticals (SCMP) traded up $0.75 during trading on Wednesday, hitting $14.95. The stock had a trading volume of 5,461,100 shares, compared to its average volume of 725,432. Sucampo Pharmaceuticals has a fifty-two week low of $9.30 and a fifty-two week high of $17.24. The company has a debt-to-equity ratio of 7.37, a current ratio of 5.11 and a quick ratio of 4.46. The stock has a market cap of $728.70, a P/E ratio of 9.73, a P/E/G ratio of 4.23 and a beta of 1.47.
In other Sucampo Pharmaceuticals news, major shareholder Sachiko Kuno sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $12.00, for a total transaction of $12,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HPM Partners LLC purchased a new stake in shares of Sucampo Pharmaceuticals during the 2nd quarter worth approximately $1,307,000. Louisiana State Employees Retirement System boosted its stake in shares of Sucampo Pharmaceuticals by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the biopharmaceutical company’s stock worth $107,000 after acquiring an additional 100 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Sucampo Pharmaceuticals during the 3rd quarter worth approximately $122,000. Nine Chapters Capital Management LLC purchased a new stake in shares of Sucampo Pharmaceuticals during the 3rd quarter worth approximately $127,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Sucampo Pharmaceuticals during the 2nd quarter worth approximately $117,000. Institutional investors own 65.31% of the company’s stock.
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Sucampo Pharmaceuticals Company Profile
Sucampo Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of pharmaceutical products. Its primary focus areas are gastroenterology, ophthalmology and oncology-related disorders. Its product candidates include VTS-270, Lubiprostone (AMITIZA), Unoprostone is opropyl (RESCULA) and CPP-1X/sulindac combination product.
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