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Enanta Pharmaceuticals (NASDAQ:ENTA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a $47.10 target price on the stock. Zacks‘s target price points to a potential upside of 20.37% from the company’s current price.

ENTA has been the subject of a number of other recent research reports. Analysts at JMP Securities downgraded shares of Enanta Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Monday, July 7th. Analysts at Robert W. Baird downgraded shares of Enanta Pharmaceuticals from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $41.00 price target on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.03.

Shares of Enanta Pharmaceuticals (NASDAQ:ENTA) traded up 0.18% during mid-day trading on Wednesday, hitting $39.20. The stock had a trading volume of 325,820 shares. Enanta Pharmaceuticals has a 52-week low of $18.21 and a 52-week high of $46.443. The stock has a 50-day moving average of $39.89 and a 200-day moving average of $38.34. The company has a market cap of $726.3 million and a price-to-earnings ratio of 21.07.

Enanta Pharmaceuticals (NASDAQ:ENTA) last announced its earnings results on Monday, August 11th. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.94. The company had revenue of $42.10 million for the quarter, compared to the consensus estimate of $40.83 million. The company’s revenue for the quarter was up 2531.3% on a year-over-year basis. On average, analysts predict that Enanta Pharmaceuticals will post $1.35 earnings per share for the current fiscal year.

Enanta Pharmaceuticals, Inc is a research and development-focused biotechnology company. The Company uses its chemistry-driven approach and drug discovery capabilities to create small molecule drugs in the infectious disease field.

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