Ra Pharmctl Inc (RARX) Given Consensus Recommendation of “Buy” by Analysts
Shares of Ra Pharmctl Inc (NASDAQ:RARX) have been assigned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.00.
Several analysts have recently weighed in on RARX shares. Zacks Investment Research upgraded Ra Pharmctl from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC restated a “buy” rating and issued a $25.00 price objective on shares of Ra Pharmctl in a report on Thursday, September 28th. Finally, Royal Bank Of Canada initiated coverage on Ra Pharmctl in a report on Thursday, September 14th. They issued an “outperform” rating and a $21.00 price objective for the company.
Ra Pharmctl (NASDAQ:RARX) last announced its quarterly earnings data on Wednesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.06).
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Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. purchased a new stake in shares of Ra Pharmctl during the first quarter valued at $102,000. TIAA CREF Investment Management LLC lifted its holdings in shares of Ra Pharmctl by 97.0% during the first quarter. TIAA CREF Investment Management LLC now owns 7,837 shares of the company’s stock valued at $167,000 after purchasing an additional 3,859 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Ra Pharmctl during the second quarter valued at $195,000. Wells Fargo & Company MN lifted its holdings in shares of Ra Pharmctl by 151.8% during the first quarter. Wells Fargo & Company MN now owns 9,455 shares of the company’s stock valued at $202,000 after purchasing an additional 5,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Ra Pharmctl by 30.6% during the second quarter. The Manufacturers Life Insurance Company now owns 10,860 shares of the company’s stock valued at $204,000 after purchasing an additional 2,543 shares during the last quarter. 66.80% of the stock is owned by institutional investors and hedge funds.
About Ra Pharmctl
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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