Ceres (CERE) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
Ceres (NASDAQ:CERE) released its earnings data on Thursday. The company reported ($0.29) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.30) by $0.01, American Banking and Market News reports.
Ceres (NASDAQ:CERE) traded down 1.22% on Thursday, hitting $0.731. 1,037,055 shares of the company’s stock traded hands. Ceres has a 1-year low of $0.72 and a 1-year high of $5.60. The stock’s 50-day moving average is $1.05 and its 200-day moving average is $1.44. The company’s market cap is $18.4 million.
On a related note, analysts at Barclays cut their price target on shares of Ceres from $9.00 to $5.00 in a research note on Friday, January 10th. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.95.
Ceres, Inc (NASDAQ:CERE) is an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.