The Medicines (MDCO) Lowered to “Sell” at BidaskClub

BidaskClub downgraded shares of The Medicines (NASDAQ:MDCO) from a hold rating to a sell rating in a report released on Saturday.

MDCO has been the subject of several other research reports. Zacks Investment Research downgraded The Medicines from a hold rating to a sell rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. reissued an overweight rating and set a $45.00 target price on shares of The Medicines in a research note on Wednesday, January 24th. Oppenheimer set a $50.00 target price on The Medicines and gave the stock a buy rating in a research note on Monday, March 12th. ValuEngine raised The Medicines from a sell rating to a hold rating in a research note on Sunday, December 31st. Finally, Chardan Capital reissued a buy rating and set a $85.00 target price on shares of The Medicines in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The Medicines has an average rating of Buy and an average price target of $50.00.

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Shares of MDCO stock opened at $31.96 on Friday. The Medicines has a 52-week low of $24.45 and a 52-week high of $55.95. The company has a debt-to-equity ratio of 26.06, a quick ratio of 3.18 and a current ratio of 3.21. The firm has a market cap of $2,342.16, a PE ratio of -3.25 and a beta of 0.74.

The Medicines (NASDAQ:MDCO) last issued its earnings results on Wednesday, February 21st. The company reported ($2.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.48) by ($0.71). The business had revenue of $8.60 million for the quarter, compared to analyst estimates of $20.71 million. The Medicines had a negative return on equity of 316.40% and a negative net margin of 1,035.27%. The firm’s revenue was down 50.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.19) EPS. analysts expect that The Medicines will post -2.71 EPS for the current fiscal year.

In other news, Director William Crouse sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $32.26, for a total value of $241,950.00. Following the completion of the transaction, the director now owns 60,633 shares of the company’s stock, valued at $1,956,020.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.22% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new position in shares of The Medicines in the fourth quarter valued at approximately $214,000. Xact Kapitalforvaltning AB acquired a new position in shares of The Medicines in the fourth quarter valued at approximately $218,000. 683 Capital Management LLC acquired a new position in shares of The Medicines in the fourth quarter valued at approximately $1,367,000. MetLife Investment Advisors LLC acquired a new position in shares of The Medicines in the fourth quarter valued at approximately $876,000. Finally, Endurant Capital Management LP acquired a new position in shares of The Medicines in the fourth quarter valued at approximately $1,126,000.

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The Medicines Company Profile

The Medicines Company is a global biopharmaceutical company. The Company is focused on advancing the treatment of acute and intensive care patients through the delivery of medicines to the hospital marketplace around the world. It markets Angiomax (bivalirudin), Ionsys (fentanyl iontophoretic transdermal system), Minocin (minocycline) for injection and Orbactiv (oritavancin).

Analyst Recommendations for The Medicines (NASDAQ:MDCO)

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