Zacks: Akcea Therapeutics, Inc. (AKCA) Receives Average Rating of “Strong Buy” from Analysts
Akcea Therapeutics, Inc. (NASDAQ:AKCA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $23.67 for the company, according to Zacks. Zacks has also assigned Akcea Therapeutics an industry rank of 167 out of 265 based on the ratings given to its competitors.
A number of research firms recently weighed in on AKCA. Cowen and Company reissued a “buy” rating on shares of Akcea Therapeutics in a research report on Tuesday. Zacks Investment Research downgraded Akcea Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BMO Capital Markets began coverage on Akcea Therapeutics in a research report on Tuesday, August 8th. They set an “outperform” rating and a $25.00 target price on the stock. Wells Fargo & Company began coverage on Akcea Therapeutics in a research report on Tuesday, August 8th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Stifel Nicolaus began coverage on Akcea Therapeutics in a research report on Tuesday, August 8th. They set a “buy” rating and a $19.00 target price on the stock.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Candriam Luxembourg S.C.A. bought a new position in Akcea Therapeutics during the third quarter worth about $5,314,000. Nationwide Fund Advisors bought a new position in Akcea Therapeutics during the third quarter worth about $209,000. Finally, Strs Ohio bought a new position in Akcea Therapeutics during the third quarter worth about $118,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.
Shares of Akcea Therapeutics (AKCA) opened at $17.75 on Friday. The company has a debt-to-equity ratio of -0.59, a quick ratio of 1.78 and a current ratio of 1.78.
Akcea Therapeutics Company Profile
Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).
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