Brokerages Anticipate Tocagen Inc (TOCA) to Post ($0.53) EPS

Shares of Tocagen Inc (NASDAQ:TOCA) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus target price of $23.67 for the company and are expecting that the company will post ($0.53) EPS for the current quarter, according to Zacks. Zacks has also assigned Tocagen an industry rank of 196 out of 265 based on the ratings given to related companies.

Several research analysts recently weighed in on TOCA shares. BidaskClub upgraded shares of Tocagen from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Tocagen from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund acquired a new stake in shares of Tocagen in the 2nd quarter valued at $108,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Tocagen in the 2nd quarter valued at $165,000. BBR Partners LLC acquired a new stake in shares of Tocagen in the 3rd quarter valued at $181,000. California State Teachers Retirement System acquired a new stake in shares of Tocagen in the 2nd quarter valued at $179,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Tocagen in the 2nd quarter valued at $181,000. 36.88% of the stock is owned by institutional investors.

Tocagen (NASDAQ:TOCA) traded down $0.88 on Friday, hitting $13.51. 99,385 shares of the company traded hands, compared to its average volume of 227,710. Tocagen has a 52-week low of $8.60 and a 52-week high of $17.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.03 and a current ratio of 6.03. The firm has a market cap of $267.63 and a P/E ratio of -6.76.

Tocagen (NASDAQ:TOCA) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.02). The company had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.01 million. sell-side analysts expect that Tocagen will post -2.66 earnings per share for the current year.

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About Tocagen

Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.

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