Recro Pharma (REPH) Receives New Coverage from Analysts at Oppenheimer
Oppenheimer assumed coverage on shares of Recro Pharma (NASDAQ:REPH) in a research report issued on Tuesday. The firm set an “outperform” rating and a $19.00 price target on the specialty pharmaceutical company’s stock. Oppenheimer’s target price points to a potential upside of 131.43% from the company’s previous close.
Several other brokerages also recently commented on REPH. Piper Jaffray Companies reissued a “buy” rating and issued a $11.00 price target on shares of Recro Pharma in a report on Friday, October 27th. Zacks Investment Research raised shares of Recro Pharma from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.88.
Recro Pharma (NASDAQ:REPH) opened at $8.21 on Tuesday. 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.
Several hedge funds and other institutional investors have recently bought and sold shares of REPH. Schwab Charles Investment Management Inc. bought a new stake in shares of Recro Pharma during the 2nd quarter worth $215,000. Bank of New York Mellon Corp lifted its holdings in shares of Recro Pharma by 182.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,532 shares of the specialty pharmaceutical company’s stock worth $355,000 after acquiring an additional 32,655 shares during the last quarter. Teachers Advisors LLC bought a new stake in shares of Recro Pharma during the 2nd quarter worth $162,000. TIAA CREF Investment Management LLC bought a new stake in shares of Recro Pharma during the 2nd quarter worth $249,000. Finally, Northern Trust Corp lifted its holdings in shares of Recro Pharma by 428.5% during the 2nd quarter. Northern Trust Corp now owns 178,437 shares of the specialty pharmaceutical company’s stock worth $1,254,000 after acquiring an additional 144,676 shares during the last quarter. 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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