Synta Pharmaceuticals Corp. (SNTA) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Synta Pharmaceuticals Corp. (NASDAQ:SNTA) released its earnings data on Wednesday. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.03, AnalystRatingsNetwork reports.
On a related note, analysts at MLV & Co
raised their price target on shares of Synta Pharmaceuticals Corp. from $6.00 to $6.50 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Synta Pharmaceuticals Corp. presently has a consensus rating of “Hold” and a consensus price target of $9.13.
Synta Pharmaceuticals Corp. (NASDAQ:SNTA) opened at 3.95 on Wednesday. Synta Pharmaceuticals Corp. has a 52-week low of $3.70 and a 52-week high of $7.30. The stock has a 50-day moving average of $4.20 and a 200-day moving average of $4.66. The company’s market cap is $345.9 million.
Synta Pharmaceuticals Corp. is a biopharmaceutical company. The Company is focused on discovering, developing, and commercializing small molecule drugs to severe the medical conditions of the patients with cancer and inflammatory diseases.
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