Adaptimmune Therapeutics PLC (ADAP) Posts Earnings Results, Beats Estimates By $0.26 EPS
Adaptimmune Therapeutics PLC (NASDAQ:ADAP) released its earnings results on Thursday. The biotechnology company reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.26, Yahoo Finance Previews reports. Adaptimmune Therapeutics PLC had a negative return on equity of 38.73% and a negative net margin of 438.00%.
A number of research analysts have recently commented on the company. Leerink Swann restated an “outperform” rating and issued a $15.00 target price on shares of Adaptimmune Therapeutics PLC in a research note on Friday, September 8th. Zacks Investment Research upgraded Adaptimmune Therapeutics PLC from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, October 4th. ValuEngine upgraded Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 20th. BidaskClub upgraded Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $10.00 price objective on shares of Adaptimmune Therapeutics PLC in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.58.
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Adaptimmune Therapeutics PLC Company Profile
Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.
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