Equities analysts predict that Galapagos NV (NASDAQ:GLPG) will announce $26.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Galapagos NV’s earnings, with estimates ranging from $14.80 million to $38.20 million. Galapagos NV posted sales of $32.38 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.2%. The firm is expected to report its next quarterly earnings report on Friday, August 4th.

On average, analysts expect that Galapagos NV will report full year sales of $26.50 million for the current financial year, with estimates ranging from $87.03 million to $186.41 million. For the next year, analysts expect that the business will report sales of $228.30 million per share, with estimates ranging from $86.87 million to $406.05 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Galapagos NV.

Several analysts recently commented on the stock. Janney Montgomery Scott upgraded shares of Galapagos NV from a “sell” rating to a “neutral” rating in a research report on Friday. They noted that the move was a valuation call. Instinet restated a “buy” rating and set a $108.00 price objective (down previously from $121.00) on shares of Galapagos NV in a research report on Thursday, June 22nd. Nomura cut their price objective on shares of Galapagos NV from $108.00 to $121.00 and set a “buy” rating for the company in a research report on Thursday, June 22nd. Cowen and Company restated a “buy” rating on shares of Galapagos NV in a research report on Wednesday, June 21st. Finally, BTIG Research restated a “buy” rating and set a $98.00 price objective on shares of Galapagos NV in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $94.00.

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Shares of Galapagos NV (GLPG) traded up 1.07% during mid-day trading on Friday, hitting $76.44. 85,522 shares of the stock traded hands. Galapagos NV has a 12 month low of $51.91 and a 12 month high of $94.88.

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC bought a new position in shares of Galapagos NV during the first quarter worth about $161,000. Bank of Montreal Can boosted its stake in shares of Galapagos NV by 8,736.4% in the first quarter. Bank of Montreal Can now owns 1,944 shares of the biotechnology company’s stock worth $168,000 after buying an additional 1,922 shares during the last quarter. Cim Investment Mangement Inc. acquired a new stake in shares of Galapagos NV during the first quarter worth approximately $203,000. Karp Capital Management Corp acquired a new stake in shares of Galapagos NV during the first quarter worth approximately $206,000. Finally, Airain ltd acquired a new stake in shares of Galapagos NV during the first quarter worth approximately $237,000. Institutional investors and hedge funds own 19.92% of the company’s stock.

Galapagos NV Company Profile

Galapagos NV is a Belgium-based biotechnology company. The Company’s activities are divided into two operating divisions: Research and Development (R & D) and Services. The R & D division is engaged in the discovery and development of small molecules. The Services division, offers target-to-drug discovery products and services to pharmaceutical and biotechnology companies and to patient foundations, encompassing target discovery and validation, screening and drug discovery through to delivery of pre-clinical candidates.

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