Intercept Pharmaceuticals (NASDAQ:ICPT) has been assigned a $58.00 target price by equities researchers at Cantor Fitzgerald in a note issued to investors on Wednesday. The firm presently has a “hold” rating on the biopharmaceutical company’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 8.59% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. Wedbush reaffirmed a “buy” rating and set a $253.00 price objective on shares of Intercept Pharmaceuticals in a research report on Friday, January 5th. Deutsche Bank initiated coverage on Intercept Pharmaceuticals in a research report on Tuesday, December 12th. They set a “buy” rating and a $106.00 price objective on the stock. Goldman Sachs Group cut Intercept Pharmaceuticals from a “neutral” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Intercept Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Laidlaw raised Intercept Pharmaceuticals from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, November 1st. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Intercept Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $132.38.
Intercept Pharmaceuticals (NASDAQ ICPT) traded down $1.22 during trading on Wednesday, hitting $53.41. The company had a trading volume of 768,900 shares, compared to its average volume of 1,085,380. The company has a debt-to-equity ratio of 3.15, a current ratio of 5.95 and a quick ratio of 5.95. Intercept Pharmaceuticals has a 12 month low of $51.05 and a 12 month high of $135.59. The stock has a market capitalization of $1,340.00, a PE ratio of -3.52 and a beta of -2.13.
A number of large investors have recently added to or reduced their stakes in the business. Altrinsic Global Advisors LLC increased its stake in Intercept Pharmaceuticals by 33.4% in the 4th quarter. Altrinsic Global Advisors LLC now owns 310,300 shares of the biopharmaceutical company’s stock worth $18,128,000 after acquiring an additional 77,756 shares during the last quarter. Amalgamated Bank bought a new stake in Intercept Pharmaceuticals in the 4th quarter worth approximately $209,000. Hudson Bay Capital Management LP bought a new stake in Intercept Pharmaceuticals in the 4th quarter worth approximately $1,753,000. Senvest Management LLC increased its stake in Intercept Pharmaceuticals by 66.3% in the 4th quarter. Senvest Management LLC now owns 970,926 shares of the biopharmaceutical company’s stock worth $56,721,000 after acquiring an additional 387,136 shares during the last quarter. Finally, Spark Investment Management LLC increased its stake in Intercept Pharmaceuticals by 43.9% in the 4th quarter. Spark Investment Management LLC now owns 181,110 shares of the biopharmaceutical company’s stock worth $10,580,000 after acquiring an additional 55,210 shares during the last quarter. 75.48% of the stock is currently owned by institutional investors and hedge funds.
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Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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