Zacks: Baudax Bio (NASDAQ:BXRX) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Baudax Bio (NASDAQ:BXRX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $15.00 for the company and are predicting that the company will post ($0.94) EPS for the current quarter, according to Zacks. Zacks has also given Baudax Bio an industry rank of 97 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have recently weighed in on BXRX shares. Janney Montgomery Scott started coverage on Baudax Bio in a research note on Friday, November 22nd. They issued a “buy” rating and a $12.00 price objective for the company. Piper Jaffray Companies began coverage on Baudax Bio in a report on Friday, November 22nd. They issued an “overweight” rating and a $12.00 target price for the company. Piper Sandler lifted their price target on Baudax Bio from to in a report on Friday, February 21st. ValuEngine downgraded Baudax Bio from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Zacks Investment Research downgraded Baudax Bio from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Baudax Bio stock traded down $0.74 during trading on Friday, reaching $7.26. 846,700 shares of the company were exchanged, compared to its average volume of 485,155. The firm’s 50 day moving average price is $8.16. The firm has a market capitalization of $84.45 million and a P/E ratio of -2.09. Baudax Bio has a 52-week low of $3.57 and a 52-week high of $10.14.

About Baudax Bio

There is no company description available for Baudax Bio Inc

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