Evotec AG (EVTCY) Downgraded to Hold at Zacks Investment Research
Evotec AG (NASDAQ:EVTCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “EVOTEC is a leader in the discovery and development of novel small molecule drugs. They have established a powerful platform that is applicable to targets across all therapeutic areas and has specific expertise in the area of Central Nervous System related diseases where it is building a pipeline of drug candidates for partnering. Through research collaborations and proprietary projects They are providing the highest quality research results to its partners in the pharmaceutical and biotechnology industries “
A number of other equities analysts also recently commented on the company. Berenberg Bank downgraded Evotec AG from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. DZ Bank AG restated a “sell” rating on shares of Evotec AG in a research note on Wednesday, July 12th.
Evotec AG (NASDAQ:EVTCY) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The company had revenue of $58.52 million during the quarter, compared to analyst estimates of $50.06 million.
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Evotec AG Company Profile
Evotec AG is a drug discovery and development company. The Company operates through two segments. The EVT Execute segment provides standalone drug discover services on a typical fee-for-service basis or integrated drug discovery collaborations on partners’ target through a range of commercial structures, including research fees, milestones and/or royalties.
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