Cipher Pharmaceuticals (TSE:CPH) Lowered to “Hold” at Leede Financial

Leede Financial cut shares of Cipher Pharmaceuticals (TSE:CPH) (NASDAQ:CPHR) from a strong-buy rating to a hold rating in a research note released on Friday morning, Zacks.com reports.

Several other research analysts have also recently commented on CPH. Stifel Nicolaus raised Cipher Pharmaceuticals from a hold rating to a buy rating and raised their target price for the stock from C$9.50 to C$16.00 in a research report on Tuesday, August 13th. Stifel Canada upgraded shares of Cipher Pharmaceuticals from a hold rating to a strong-buy rating in a research report on Monday, August 12th.

Cipher Pharmaceuticals Stock Down 4.8 %

Shares of CPH opened at C$14.96 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.67 and a current ratio of 11.18. The company has a 50-day simple moving average of C$13.28 and a 200-day simple moving average of C$10.18. Cipher Pharmaceuticals has a 52 week low of C$4.10 and a 52 week high of C$19.69. The firm has a market capitalization of C$382.83 million, a P/E ratio of 12.26 and a beta of 1.25.

Cipher Pharmaceuticals (TSE:CPH) (NASDAQ:CPHR) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Cipher Pharmaceuticals had a return on equity of 28.43% and a net margin of 102.01%. The firm had revenue of C$7.26 million during the quarter, compared to analysts’ expectations of C$7.52 million. On average, equities research analysts expect that Cipher Pharmaceuticals will post 1.460537 earnings per share for the current year.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.