Does Concordia International Corp Have Any Gas After Reaching All-Time Low?

 Does Concordia International Corp Have Any Gas After Reaching All Time Low?

The stock of Concordia International Corp (TSE:CXR) reached all time low today, Oct, 17 and still has $4.04 target or 13.00% below today’s $4.64 share price. This indicates more downside for the $212.46 million company. This technical setup was reported by If the $4.04 PT is reached, the company will be worth $27.62 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 210,990 shares traded hands. Concordia International Corp (TSE:CXR) has declined 88.92% since March 10, 2016 and is downtrending. It has underperformed by 94.53% the S&P500.

Concordia International Corp (TSE:CXR) Ratings Coverage

Out of 4 analysts covering Concordia Healthcare Corp (TSE:CXR), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $135 is the highest target while $4.50 is the lowest. The $32.80 average target is 606.90% above today’s ($4.64) stock price. Concordia Healthcare Corp has been the topic of 20 analyst reports since August 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of CXR in a report on Tuesday, August 11 with “Outperform” rating. As per Monday, May 16, the company rating was maintained by RBC Capital Markets. The stock of Concordia International Corp (TSE:CXR) earned “” rating by Goldman Sachs on Friday, July 22. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, June 20. As per Wednesday, September 9, the company rating was maintained by Scotia Capital. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, June 7. Mackie downgraded the stock to “Hold” rating in Thursday, December 3 report. The rating was maintained by RBC Capital Markets on Tuesday, October 11 with “Outperform”. The rating was maintained by RBC Capital Markets on Friday, January 8 with “Outperform”.

More important recent Concordia International Corp (TSE:CXR) news were published by: which released: “Concordia International Corp. faces much more downside – CIBC” on October 14, 2016, also published article titled: “Concordia International Corp takeover unlikely – Goldman”, published: “Concordia International Corp.: A Safe Buy?” on October 10, 2016. More interesting news about Concordia International Corp (TSE:CXR) was released by: and their article: “DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of Concordia …” with publication date: September 29, 2016.

Concordia International Corp, formerly Concordia Healthcare Corp, is a Canada pharmaceutical company. The company has a market cap of $212.46 million. The Company, through subsidiaries, owns a portfolio of branded and generic prescription products. It currently has negative earnings.

CXR Company Profile

CSX Corporation, together with its subsidiaries, incorporated on November 15, 1978, is a transportation company. The Firm provides rail transportation services, including rail service and the transport of intermodal containers and trailers. The Firm serves approximately three lines of business, such as merchandise business, coal business and intermodal business. The Company’s operating subsidiary, CSX Transportation, Inc. (CSXT), provides a link to the transportation supply chain through its approximately 21,000-route mile rail network, which serves population centers in approximately 20 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. It has access to over 70 ocean, river and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes and the St. Lawrence Seaway. The Company’s intermodal business links clients to railroads through trucks and terminals. CSXT also serves production and distribution facilities through track connections to approximately 240 short-line and regional railroads.

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