Synthetic Biologics Inc (SYN) Receives Average Rating of “Hold” from Analysts
Synthetic Biologics Inc (NYSEMKT:SYN) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.92.
Several research firms have recently weighed in on SYN. Zacks Investment Research upgraded Synthetic Biologics from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Wednesday, August 9th. ValuEngine raised Synthetic Biologics from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th.
Shares of Synthetic Biologics (SYN) opened at 0.9819 on Friday. The company’s market cap is $125.93 million. The firm has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.61. Synthetic Biologics has a 1-year low of $0.41 and a 1-year high of $1.90.
Synthetic Biologics (NYSEMKT:SYN) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. On average, equities analysts expect that Synthetic Biologics will post ($0.17) EPS for the current year.
A number of hedge funds have recently bought and sold shares of SYN. Creative Planning increased its stake in Synthetic Biologics by 65.4% during the second quarter. Creative Planning now owns 177,000 shares of the company’s stock worth $100,000 after acquiring an additional 70,000 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Synthetic Biologics by 76.4% in the second quarter. Susquehanna International Group LLP now owns 189,342 shares of the company’s stock valued at $107,000 after buying an additional 82,030 shares in the last quarter. UBS Group AG grew its stake in shares of Synthetic Biologics by 10.3% in the first quarter. UBS Group AG now owns 214,357 shares of the company’s stock valued at $135,000 after buying an additional 20,038 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Synthetic Biologics by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 263,598 shares of the company’s stock valued at $166,000 after buying an additional 7,962 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Synthetic Biologics in the second quarter valued at $194,000.
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About Synthetic Biologics
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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