Arrowhead Pharmaceuticals (ARWR) Rating Lowered to Hold at BidaskClub
Arrowhead Pharmaceuticals (NASDAQ:ARWR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.
A number of other research firms have also recently issued reports on ARWR. ValuEngine upgraded Arrowhead Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Piper Jaffray Companies upgraded Arrowhead Pharmaceuticals from a “neutral” rating to an “overweight” rating and set a $5.50 target price on the stock in a research note on Monday, November 27th. Cantor Fitzgerald reiterated a “hold” rating and issued a $2.00 target price on shares of Arrowhead Pharmaceuticals in a research note on Monday, September 25th. William Blair upgraded Arrowhead Pharmaceuticals from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Finally, Chardan Capital reiterated a “neutral” rating on shares of Arrowhead Pharmaceuticals in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.17.
Arrowhead Pharmaceuticals (NASDAQ ARWR) traded down $0.08 during mid-day trading on Friday, reaching $3.49. The company’s stock had a trading volume of 1,011,417 shares, compared to its average volume of 771,375. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.03. Arrowhead Pharmaceuticals has a 12 month low of $1.20 and a 12 month high of $4.54.
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Arrowhead Pharmaceuticals Company Profile
Arrowhead Pharmaceuticals, Inc, formerly Arrowhead Research Corporation, develops medicines that treat intractable diseases by silencing the genes that cause them. Using a portfolio of ribonucleic acid (RNA) chemistries and modes of delivery, the Company’s therapies trigger the RNA interference mechanism to induce knockdown of target genes.
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