Amicus Therapeutics, Inc. (NASDAQ:FOLD)‘s stock had its “buy” rating reissued by equities researchers at Chardan Capital in a report issued on Thursday. They currently have a $18.50 price objective on the biopharmaceutical company’s stock, up from their previous price objective of $16.50. Chardan Capital’s target price would indicate a potential upside of 13.92% from the stock’s current price.

Other equities analysts have also issued reports about the company. J P Morgan Chase & Co reissued an “overweight” rating on shares of Amicus Therapeutics in a research note on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $18.00 target price (up from $16.00) on shares of Amicus Therapeutics in a research report on Wednesday. Leerink Swann reaffirmed an “outperform” rating and set a $20.00 target price (up from $17.00) on shares of Amicus Therapeutics in a research report on Wednesday. Bank of America Corporation upped their target price on Amicus Therapeutics from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BidaskClub lowered Amicus Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $18.25.

Shares of Amicus Therapeutics (NASDAQ FOLD) opened at 16.24 on Thursday. Amicus Therapeutics has a 12 month low of $4.41 and a 12 month high of $16.60. The firm’s market capitalization is $2.67 billion. The company has a 50 day moving average of $13.93 and a 200-day moving average of $10.49.

Amicus Therapeutics (NASDAQ:FOLD) last issued its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. Amicus Therapeutics had a negative return on equity of 61.25% and a negative net margin of 1,279.88%. The firm had revenue of $7.16 million for the quarter, compared to analyst estimates of $6.96 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. Analysts predict that Amicus Therapeutics will post ($1.31) EPS for the current year.

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In related news, major shareholder Life Sciences Maste Perceptive purchased 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was acquired at an average price of $12.25 per share, for a total transaction of $18,375,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas grew its holdings in Amicus Therapeutics by 1.7% during the second quarter. Teacher Retirement System of Texas now owns 10,243 shares of the biopharmaceutical company’s stock worth $103,000 after buying an additional 169 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Amicus Therapeutics in the 2nd quarter valued at $111,000. Tudor Investment Corp ET AL bought a new position in Amicus Therapeutics in the 2nd quarter valued at $124,000. Aperio Group LLC grew its stake in Amicus Therapeutics by 13.5% in the 2nd quarter. Aperio Group LLC now owns 13,986 shares of the biopharmaceutical company’s stock valued at $141,000 after purchasing an additional 1,663 shares during the period. Finally, Zacks Investment Management bought a new position in Amicus Therapeutics in the 2nd quarter valued at $145,000.

About Amicus Therapeutics

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Analyst Recommendations for Amicus Therapeutics (NASDAQ:FOLD)

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