Kindred Biosciences Inc (NASDAQ:KIN) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.50.

Several research analysts have recently issued reports on KIN shares. Zacks Investment Research raised Kindred Biosciences from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, September 27th. B. Riley reissued a “buy” rating and issued a $11.00 price target on shares of Kindred Biosciences in a research note on Monday, November 20th. HC Wainwright started coverage on Kindred Biosciences in a research note on Friday, November 17th. They issued a “buy” rating and a $9.50 price target for the company. Aegis reissued a “buy” rating on shares of Kindred Biosciences in a research note on Friday, December 15th. Finally, ValuEngine raised Kindred Biosciences from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of Kindred Biosciences (NASDAQ KIN) traded down $0.05 on Friday, reaching $9.10. The company had a trading volume of 48,502 shares, compared to its average volume of 65,900. The company has a market cap of $256.11, a P/E ratio of -7.78 and a beta of 0.18. Kindred Biosciences has a 52-week low of $5.00 and a 52-week high of $9.80.

Kindred Biosciences (NASDAQ:KIN) last issued its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.29) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.04. research analysts anticipate that Kindred Biosciences will post -1.19 EPS for the current fiscal year.

In other news, Director Raymond Townsend sold 6,419 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $9.45, for a total value of $60,659.55. Following the completion of the sale, the director now owns 18,419 shares in the company, valued at $174,059.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 19.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in KIN. Schwab Charles Investment Management Inc. purchased a new stake in Kindred Biosciences in the 2nd quarter worth about $306,000. Rhumbline Advisers purchased a new stake in Kindred Biosciences in the 2nd quarter worth about $197,000. State of Wisconsin Investment Board purchased a new stake in Kindred Biosciences in the 2nd quarter worth about $129,000. Bank of New York Mellon Corp purchased a new stake in Kindred Biosciences in the 2nd quarter worth about $546,000. Finally, JPMorgan Chase & Co. purchased a new stake in Kindred Biosciences in the 2nd quarter worth about $119,000. 66.79% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Kindred Biosciences Inc (KIN) Receives Consensus Rating of “Hold” from Brokerages” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/05/kindred-biosciences-inc-kin-receives-consensus-rating-of-hold-from-brokerages.html.

About Kindred Biosciences

Kindred Biosciences, Inc is a development-stage biopharmaceutical company. The Company is focused on developing therapies for pets. The Company’s product pipeline consists of small molecules and biologics for a range of indications in dogs, cats and horses. The Company is developing product candidates for over 20 indications and focused on small molecule products and canine and feline biologics products.

Analyst Recommendations for Kindred Biosciences (NASDAQ:KIN)

Receive News & Ratings for Kindred Biosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kindred Biosciences and related companies with MarketBeat.com's FREE daily email newsletter.