FibroGen (NASDAQ:FGEN) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
Several other research firms have also weighed in on FGEN. Mizuho assumed coverage on FibroGen in a report on Wednesday, October 4th. They set a “neutral” rating and a $61.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of FibroGen in a report on Thursday, September 14th. Jefferies Group reiterated a “buy” rating and set a $75.00 target price on shares of FibroGen in a report on Tuesday, September 12th. William Blair reiterated an “outperform” rating on shares of FibroGen in a report on Wednesday, August 9th. Finally, Leerink Swann reiterated an “outperform” rating and set a $82.00 target price (up from $52.00) on shares of FibroGen in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.67.
FibroGen (FGEN) traded down $0.35 during mid-day trading on Friday, reaching $47.15. The company’s stock had a trading volume of 481,175 shares, compared to its average volume of 553,823. The company has a debt-to-equity ratio of 0.16, a quick ratio of 10.83 and a current ratio of 10.83. FibroGen has a 52-week low of $19.25 and a 52-week high of $60.15.
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of FibroGen in the second quarter valued at about $128,000. Oppenheimer Asset Management Inc. increased its position in shares of FibroGen by 112.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 4,410 shares of the biopharmaceutical company’s stock valued at $237,000 after acquiring an additional 2,336 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of FibroGen by 15.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,218 shares of the biopharmaceutical company’s stock valued at $169,000 after acquiring an additional 696 shares during the last quarter. BBR Partners LLC acquired a new stake in shares of FibroGen in the third quarter valued at about $299,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of FibroGen in the third quarter valued at about $299,000. 57.42% of the stock is currently owned by institutional investors and hedge funds.
FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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