Vetr Downgrades Gilead Sciences (GILD) to Buy
Gilead Sciences (NASDAQ:GILD) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday. They currently have a $90.00 price target on the biopharmaceutical company’s stock. Vetr‘s price target would indicate a potential upside of 10.11% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. William Blair reiterated a “buy” rating on shares of Gilead Sciences in a research note on Thursday, October 19th. Berenberg Bank set a $96.00 target price on Gilead Sciences and gave the company a “buy” rating in a research note on Thursday, October 19th. Mizuho reiterated a “buy” rating on shares of Gilead Sciences in a research note on Friday, September 29th. JPMorgan Chase & Co. set a $85.00 target price on Gilead Sciences and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Maxim Group upgraded Gilead Sciences from a “hold” rating to a “buy” rating and raised their target price for the company from $73.67 to $94.00 in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have given a buy rating to the stock. Gilead Sciences presently has a consensus rating of “Buy” and a consensus price target of $85.53.
Gilead Sciences (NASDAQ GILD) traded up $1.49 during trading on Wednesday, reaching $81.74. 11,158,092 shares of the company’s stock were exchanged, compared to its average volume of 8,030,000. The firm has a market capitalization of $106,750.00, a P/E ratio of 9.30, a PEG ratio of -1.68 and a beta of 1.13. The company has a current ratio of 3.68, a quick ratio of 3.56 and a debt-to-equity ratio of 1.10. Gilead Sciences has a 1 year low of $63.76 and a 1 year high of $86.27.
In related news, insider John F. Milligan sold 220,000 shares of Gilead Sciences stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $72.88, for a total transaction of $16,033,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregg H. Alton sold 15,000 shares of Gilead Sciences stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $74.82, for a total value of $1,122,300.00. Following the transaction, the executive vice president now directly owns 77,363 shares in the company, valued at $5,788,299.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 491,666 shares of company stock worth $36,442,567. Company insiders own 1.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GILD. Keel Point LLC grew its stake in Gilead Sciences by 0.4% during the 1st quarter. Keel Point LLC now owns 3,111 shares of the biopharmaceutical company’s stock valued at $211,000 after acquiring an additional 11 shares in the last quarter. Annex Advisory Services LLC grew its stake in Gilead Sciences by 0.6% during the 4th quarter. Annex Advisory Services LLC now owns 2,831 shares of the biopharmaceutical company’s stock valued at $287,000 after acquiring an additional 16 shares in the last quarter. CWM LLC grew its stake in Gilead Sciences by 0.6% during the 2nd quarter. CWM LLC now owns 2,957 shares of the biopharmaceutical company’s stock valued at $247,000 after acquiring an additional 17 shares in the last quarter. Paradigm Financial Advisors LLC grew its stake in Gilead Sciences by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 8,723 shares of the biopharmaceutical company’s stock valued at $617,000 after acquiring an additional 26 shares in the last quarter. Finally, Tarbox Group Inc. grew its stake in Gilead Sciences by 0.4% during the 3rd quarter. Tarbox Group Inc. now owns 6,522 shares of the biopharmaceutical company’s stock valued at $516,000 after acquiring an additional 27 shares in the last quarter. 75.95% of the stock is currently owned by hedge funds and other institutional investors.
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About Gilead Sciences
Gilead Sciences, Inc is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas of unmet medical need. The Company’s portfolio of products and pipeline of investigational drugs includes treatments for Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS), liver diseases, cancer, inflammatory and respiratory diseases and cardiovascular conditions.
To view Vetr’s full report, visit Vetr’s official website.
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