Mirati Therapeutics (NASDAQ:MRTX) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
A number of other analysts have also recently issued reports on MRTX. Cann reissued a “buy” rating and set a $18.00 price objective on shares of Mirati Therapeutics in a report on Monday, January 8th. Zacks Investment Research raised Mirati Therapeutics from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. HC Wainwright reissued a “buy” rating and set a $20.00 price objective on shares of Mirati Therapeutics in a report on Thursday, October 12th. SunTrust Banks reissued a “buy” rating and set a $13.00 price objective on shares of Mirati Therapeutics in a report on Thursday, October 12th. Finally, Leerink Swann raised Mirati Therapeutics from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.75.
Shares of Mirati Therapeutics (MRTX) traded up $0.30 during midday trading on Thursday, hitting $27.10. The stock had a trading volume of 343,784 shares, compared to its average volume of 520,309. Mirati Therapeutics has a 1 year low of $2.70 and a 1 year high of $30.50. The stock has a market cap of $731.54, a PE ratio of -8.71 and a beta of 2.17.
Several institutional investors have recently made changes to their positions in MRTX. Raymond James Financial Services Advisors Inc. purchased a new stake in Mirati Therapeutics during the 4th quarter valued at about $207,000. Virtus Fund Advisers LLC purchased a new stake in Mirati Therapeutics in the 4th quarter worth approximately $361,000. Citadel Advisors LLC purchased a new stake in Mirati Therapeutics in the 3rd quarter worth approximately $268,000. OxFORD Asset Management LLP purchased a new stake in Mirati Therapeutics in the 3rd quarter worth approximately $365,000. Finally, SG Americas Securities LLC purchased a new stake in Mirati Therapeutics in the 4th quarter worth approximately $829,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/02/11/mirati-therapeutics-mrtx-stock-rating-upgraded-by-bidaskclub.html.
About Mirati Therapeutics
Mirati Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops a pipeline of oncology products. The companys clinical stage product candidates include glesatinib, an orally-bioavailable, potent, small molecule kinase inhibitor that is in Phase II clinical trials for the treatment of non-small cell lung cancer (NSCLC) patients with genetic alterations of MET; and in Phase Ib clinical trials in patients with genetic alterations of MET and Axl in NSCLC and other solid tumors.
Receive News & Ratings for Mirati Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mirati Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.