GW Pharmaceuticals PLC (GWPH) Receives New Coverage from Analysts at Evercore ISI
Evercore ISI started coverage on shares of GW Pharmaceuticals PLC (NASDAQ:GWPH) in a research note issued to investors on Wednesday. The brokerage set an “outperform” rating and a $154.00 price target on the biopharmaceutical company’s stock. Evercore ISI’s price objective suggests a potential upside of 49.70% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating and set a $208.00 price target on shares of GW Pharmaceuticals PLC in a report on Tuesday, May 9th. Maxim Group reiterated a “buy” rating and set a $135.00 price target on shares of GW Pharmaceuticals PLC in a report on Thursday, May 25th. Zacks Investment Research downgraded GW Pharmaceuticals PLC from a “hold” rating to a “sell” rating in a report on Monday, May 15th. BidaskClub upgraded GW Pharmaceuticals PLC from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, ValuEngine upgraded GW Pharmaceuticals PLC from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.55.
Shares of GW Pharmaceuticals PLC (NASDAQ:GWPH) traded down 0.49% during mid-day trading on Wednesday, reaching $102.37. 71,532 shares of the company’s stock traded hands. The company’s market cap is $2.59 billion. GW Pharmaceuticals PLC has a 12 month low of $79.62 and a 12 month high of $137.88. The company has a 50 day moving average of $107.57 and a 200 day moving average of $113.04.
GW Pharmaceuticals PLC (NASDAQ:GWPH) last announced its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($2.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.73) by $0.34. GW Pharmaceuticals PLC had a negative return on equity of 28.80% and a negative net margin of 1,384.41%. The company had revenue of $3.14 million for the quarter, compared to the consensus estimate of $2.10 million. During the same quarter last year, the company posted ($0.05) EPS. Analysts expect that GW Pharmaceuticals PLC will post ($6.19) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new position in GW Pharmaceuticals PLC during the second quarter valued at $70,128,000. Capital World Investors increased its position in GW Pharmaceuticals PLC by 6.3% in the second quarter. Capital World Investors now owns 675,800 shares of the biopharmaceutical company’s stock valued at $67,749,000 after buying an additional 40,000 shares during the last quarter. Jennison Associates LLC increased its position in GW Pharmaceuticals PLC by 5.2% in the second quarter. Jennison Associates LLC now owns 490,721 shares of the biopharmaceutical company’s stock valued at $49,195,000 after buying an additional 24,376 shares during the last quarter. Redmile Group LLC increased its position in GW Pharmaceuticals PLC by 33.8% in the second quarter. Redmile Group LLC now owns 444,936 shares of the biopharmaceutical company’s stock valued at $44,605,000 after buying an additional 112,392 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in GW Pharmaceuticals PLC by 11.0% in the second quarter. Alliancebernstein L.P. now owns 317,956 shares of the biopharmaceutical company’s stock valued at $31,875,000 after buying an additional 31,481 shares during the last quarter. Institutional investors own 74.98% of the company’s stock.
About GW Pharmaceuticals PLC
GW Pharmaceuticals plc is a biopharmaceutical company focused on developing and commercializing therapeutics from its cannabinoid product platform in a range of disease areas. The Company’s lead cannabinoid product candidate is Epidiolex, which is a liquid formulation of pure plant-derived cannabidiol (CBD).
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