Ophthotech Corp Coverage Initiated by Analysts at Goldman Sachs (OPHT)
Equities researchers at Goldman Sachs began coverage on shares of Ophthotech Corp (NASDAQ:OPHT) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $44.00 price target on the stock. Goldman Sachs’ target price suggests a potential upside of 8.27% from the stock’s previous close.
Ophthotech Corp (NASDAQ:OPHT) opened at 40.64 on Friday. Ophthotech Corp has a 52-week low of $22.61 and a 52-week high of $47.99. The stock has a 50-day moving average of $41.92 and a 200-day moving average of $36.02. The company’s market cap is $1.355 billion.
Ophthotech Corp (NASDAQ:OPHT) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.64) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.67) by $0.03. On average, analysts predict that Ophthotech Corp will post $-2.21 earnings per share for the current fiscal year.
OPHT has been the subject of a number of other recent research reports. Analysts at Leerink Swann raised their price target on shares of Ophthotech Corp from $45.00 to $61.00 in a research note on Thursday, July 17th. Separately, analysts at Oppenheimer initiated coverage on shares of Ophthotech Corp in a research note on Monday, July 7th. They set an “outperform” rating and a $95.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Ophthotech Corp from $79.00 to $99.00 in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.00.
Ophthotech Corporation is a biopharmaceutical company specializing in the development of therapeutics to treat diseases of the eye.
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