Vical Inc. (VICL) Given Average Recommendation of “Strong Buy” by Brokerages
Vical Inc. (NASDAQ:VICL) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price objective of $8.00 for the company and are expecting that the company will post ($0.25) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vical an industry rank of 109 out of 265 based on the ratings given to related companies.
Several research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating on shares of Vical in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Vical from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Wednesday, September 21st.
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Vical by 29.8% in the first quarter. Renaissance Technologies LLC now owns 2,073,599 shares of the company’s stock worth $811,000 after buying an additional 476,499 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Vical during the second quarter worth approximately $208,000. BlackRock Fund Advisors boosted its stake in shares of Vical by 32.5% in the second quarter. BlackRock Fund Advisors now owns 23,459 shares of the company’s stock worth $106,000 after buying an additional 5,750 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Vical during the second quarter worth approximately $178,000. 31.48% of the stock is owned by institutional investors.
Shares of Vical (NASDAQ:VICL) opened at 3.04 on Monday. Vical has a 12 month low of $2.80 and a 12 month high of $5.40. The stock’s market cap is $27.99 million. The firm has a 50-day moving average price of $3.45 and a 200-day moving average price of $3.98.
Vical (NASDAQ:VICL) last announced its earnings results on Tuesday, August 9th. The company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.14. Vical had a negative return on equity of 14.18% and a negative net margin of 30.81%. The firm had revenue of $4.10 million for the quarter, compared to the consensus estimate of $4.50 million. Equities analysts forecast that Vical will post ($0.86) EPS for the current year.
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