CIBC began coverage on shares of Recro Pharma (NASDAQ:REPH) in a report released on Wednesday. The brokerage issued an outperform rating and a $19.00 target price on the specialty pharmaceutical company’s stock.
Other analysts have also issued reports about the company. Zacks Investment Research raised Recro Pharma from a hold rating to a buy rating and set a $9.75 price objective for the company in a report on Wednesday, November 15th. Piper Jaffray Companies reissued a buy rating and issued a $11.00 price objective on shares of Recro Pharma in a report on Friday, October 27th. UBS Group initiated coverage on Recro Pharma in a report on Tuesday. They issued an outperform rating for the company. Finally, Oppenheimer initiated coverage on Recro Pharma in a report on Tuesday. They issued an outperform rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $13.75.
Shares of Recro Pharma (NASDAQ:REPH) opened at $8.50 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.59 and a debt-to-equity ratio of 0.50. Recro Pharma has a fifty-two week low of $5.81 and a fifty-two week high of $10.59.
Large investors have recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in shares of Recro Pharma during the fourth quarter valued at approximately $164,000. JPMorgan Chase & Co. grew its holdings in shares of Recro Pharma by 183.4% during the third quarter. JPMorgan Chase & Co. now owns 21,784 shares of the specialty pharmaceutical company’s stock valued at $197,000 after purchasing an additional 14,098 shares during the last quarter. Strs Ohio grew its holdings in shares of Recro Pharma by 455.0% during the fourth quarter. Strs Ohio now owns 22,200 shares of the specialty pharmaceutical company’s stock valued at $205,000 after purchasing an additional 18,200 shares during the last quarter. Teachers Advisors LLC bought a new position in shares of Recro Pharma during the second quarter valued at approximately $162,000. Finally, California State Teachers Retirement System bought a new position in shares of Recro Pharma during the second quarter valued at approximately $169,000. 61.88% of the stock is owned by institutional investors.
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Recro Pharma Company Profile
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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