In a report released yesterday, Michael Okunewitch from Maxim Group maintained a Buy rating on Citius Pharmaceuticals (CTXR – Research Report), with a price target of $4.00. The company’s shares opened today at $1.22.
Okunewitch covers the Healthcare sector, focusing on stocks such as Citius Pharmaceuticals, Gilead Sciences, and Kiora Pharmaceuticals. According to TipRanks, Okunewitch has an average return of -27.1% and a 28.57% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Citius Pharmaceuticals with a $7.00 average price target.
Based on Citius Pharmaceuticals’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $8.86 million. In comparison, last year the company had a GAAP net loss of $5.82 million
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Citius Pharmaceuticals, Inc. engages in the development and commercialization of therapeutic products. It offers Mino-Lok, a patented solution to treat and salvage infected central venous catheters in patients with catheter related bloodstream infections and Hydro-Lido, a topical formulation of hydrocortisone and lidocaine that is intended for treatment of hemorrhoids. The company was founded by Ralph Montrone on January 23, 2007 and is headquartered in Cranford, NJ.
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