ANI Pharmaceuticals Inc (ANIP) is Initiated by Raymond James to Strong Buy, Price Target at $68

ANI Pharmaceuticals Inc (ANIP) was Initiated by Raymond James to “Strong Buy” and the brokerage firm has set the Price Target at $68. Raymond James advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on ANI Pharmaceuticals Inc. ANI Pharmaceuticals Inc was Downgraded by Standpoint Research to ” Hold” on May 24, 2016.

On the company’s financial health, ANI Pharmaceuticals Inc reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.70. The company had revenue of $20.60 million for the quarter, compared to analysts expectations of $20.84 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

ANI Pharmaceuticals Inc closed down -1.73 points or -3.26% at $51.36 with 1,99,862 shares getting traded on Tuesday. Post opening the session at $53.17, the shares hit an intraday low of $50.56 and an intraday high of $53.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Dec 22, 2015, James G. Marken (Vice President, Operations) sold 3,500 shares at $43.26 per share price. According to the SEC, on Nov 12, 2015, Arthur Przybyl (CEO) purchased 2,500 shares at $40.95 per share price. On Mar 16, 2015, Tracy Marshbanks (director) sold 210,000 shares at $63.00 per share price, according to the Form-4 filing with the securities and exchange commission.

ANI Pharmaceuticals Inc. (ANI) is an integrated specialty pharmaceutical company engaged in developing manufacturing and marketing branded and generic prescription pharmaceuticals. The Company’s focused areas of product development include narcotics oncolytics (anti-cancers) hormones and steroids and complex formulations involving release and combination products. The Company has two pharmaceutical manufacturing facilities located in Baudette Minnesota that are capable of producing oral solid dose products as well as liquids and topicals narcotics and potent products. The Company’s branded products consist of Cortenema Lithobid Reglan and Vancocin. Its generic products include Esterified Estrogen with Methyltestosterone Fluvoxamine Maleate Hydrocortisone Enema Methazolamide Metoclopramide and Opium Tincture. The Company’s markets include hormone and steroidal drugs oncolytics and narcotics and complex formulations including extended release and combination products.

ANI Pharmaceuticals Inc

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