Wells Fargo & Company Raises Enzymotec Ltd. (ENZY) Price Target to $12.00
Enzymotec Ltd. (NASDAQ:ENZY) had its target price upped by stock analysts at Wells Fargo & Company from $9.50 to $12.00 in a report released on Monday. The brokerage currently has a “market perform” rating on the biotechnology company’s stock. Wells Fargo & Company’s price objective would indicate a potential upside of 1.69% from the company’s current price.
Several other research analysts also recently issued reports on ENZY. Jefferies Group LLC reiterated a “hold” rating and issued a $11.50 target price on shares of Enzymotec in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Enzymotec from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Enzymotec from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Four analysts have rated the stock with a hold rating, Enzymotec has an average rating of “Hold” and an average price target of $11.75.
Enzymotec (NASDAQ ENZY) traded up 5.33% during midday trading on Monday, hitting $11.85. 3,235,110 shares of the company were exchanged. The stock has a 50 day moving average of $11.27 and a 200 day moving average of $9.47. Enzymotec has a 1-year low of $5.20 and a 1-year high of $12.35. The firm’s market capitalization is $271.95 million.
Enzymotec (NASDAQ:ENZY) last posted its quarterly earnings data on Wednesday, August 16th. The biotechnology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.15). Enzymotec had a negative return on equity of 3.88% and a negative net margin of 14.52%. The business had revenue of $13.00 million for the quarter, compared to the consensus estimate of $12.78 million. During the same period in the previous year, the firm earned $0.04 EPS. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts predict that Enzymotec will post $0.14 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of ENZY. Janus Henderson Group PLC bought a new position in shares of Enzymotec in the second quarter worth approximately $2,350,000. State Street Corp lifted its stake in shares of Enzymotec by 1.8% in the second quarter. State Street Corp now owns 20,952 shares of the biotechnology company’s stock worth $169,000 after buying an additional 380 shares in the last quarter. Finally, Osborn Williams & Donohoe LLC bought a new position in shares of Enzymotec in the third quarter worth approximately $137,000. Hedge funds and other institutional investors own 27.20% of the company’s stock.
Enzymotec Company Profile
Enzymotec Ltd. is a nutritional ingredients and medical foods company. The Company’s technologies, research expertise and clinical validation process enables it to develop solutions across a range of products. The Company operates in two segments: Nutrition segment and VAYA Pharma segment. Both of the Company’s segments offer a range of products that leverage its lipid-related offerings.
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