Zacks Research Upgrades Citius Pharmaceuticals (NASDAQ:CTXR) to Hold

Citius Pharmaceuticals (NASDAQ:CTXRGet Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. D. Boral Capital reaffirmed a “buy” rating and issued a $6.00 price target on shares of Citius Pharmaceuticals in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Citius Pharmaceuticals in a research note on Friday, March 27th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Citius Pharmaceuticals in a research note on Monday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Citius Pharmaceuticals presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Check Out Our Latest Report on Citius Pharmaceuticals

Citius Pharmaceuticals Trading Up 4.7%

CTXR opened at $0.58 on Tuesday. The stock has a market cap of $15.92 million, a PE ratio of -0.27 and a beta of 1.05. Citius Pharmaceuticals has a 1 year low of $0.48 and a 1 year high of $2.48. The stock’s 50 day simple moving average is $0.77 and its 200-day simple moving average is $0.89.

Citius Pharmaceuticals (NASDAQ:CTXRGet Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.95) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.67). The firm had revenue of $1.67 million during the quarter, compared to analyst estimates of $10.23 million. Equities analysts forecast that Citius Pharmaceuticals will post -1.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Citius Pharmaceuticals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Citius Pharmaceuticals in the second quarter worth $32,000. NewEdge Advisors LLC acquired a new position in Citius Pharmaceuticals in the second quarter worth $40,000. Asset Advisory Group Inc. acquired a new position in Citius Pharmaceuticals in the fourth quarter worth $46,000. Finally, Heights Capital Management Inc. acquired a new position in Citius Pharmaceuticals in the fourth quarter worth $622,000. Institutional investors and hedge funds own 16.88% of the company’s stock.

Key Citius Pharmaceuticals News

Here are the key news stories impacting Citius Pharmaceuticals this week:

About Citius Pharmaceuticals

(Get Free Report)

Citius Pharmaceuticals is a clinical‐stage specialty pharmaceutical company focused on the development and commercialization of critical care products and novel drug delivery systems. Headquartered in Cranford, New Jersey, the company aims to address unmet medical needs in acute care, hospital‐acquired infections and subcutaneous delivery of biologics. Citius operates as a Delaware corporation and trades on the NASDAQ under the symbol CTXR.

One of the company’s leading assets is Mino-Lok, an antibiotic lock solution designed to treat catheter‐related bloodstream infections without catheter removal.

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Analyst Recommendations for Citius Pharmaceuticals (NASDAQ:CTXR)

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