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 $1.34.
Okunewitch covers the Healthcare sector, focusing on stocks such as Kiora Pharmaceuticals, Citius Pharmaceuticals, and BioRestorative Therapies. According to TipRanks, Okunewitch has an average return of -26.3% and a 20.45% success rate on recommended stocks.
Currently, the analyst consensus on Citius Pharmaceuticals is a Moderate Buy with an average price target of $5.00, implying a 273.13% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $6.00 price target.
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Based on Citius Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.59 million. In comparison, last year the company had a GAAP net loss of $9.23 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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