SunTrust Banks Inc. Lowers Juno Therapeutics Inc (JUNO) to Hold
SunTrust Banks Inc. downgraded shares of Juno Therapeutics Inc (NASDAQ:JUNO) from a buy rating to a hold rating in a report issued on Friday morning. They currently have $25.00 price objective on the biopharmaceutical company’s stock, down from their previous price objective of $48.00.
Several other research firms have also issued reports on JUNO. Maxim Group dropped their price target on Juno Therapeutics from $80.00 to $50.00 and set a buy rating on the stock in a research report on Friday, August 5th. BTIG Research raised Juno Therapeutics from a sell rating to a neutral rating in a research report on Thursday, November 3rd. FBR & Co reissued an outperform rating and set a $61.00 price target on shares of Juno Therapeutics in a research report on Saturday, October 15th. Standpoint Research initiated coverage on Juno Therapeutics in a research report on Thursday, August 25th. They set a buy rating and a $47.00 price target on the stock. Finally, Vetr lowered Juno Therapeutics from a strong-buy rating to a buy rating and set a $38.02 target price on the stock. in a research report on Monday, August 22nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Juno Therapeutics presently has a consensus rating of Buy and an average price target of $40.40.
Juno Therapeutics (NASDAQ:JUNO) opened at 20.05 on Friday. The firm’s market cap is $2.06 billion. Juno Therapeutics has a 1-year low of $19.41 and a 1-year high of $57.82. The stock’s 50 day moving average price is $27.32 and its 200 day moving average price is $32.73.
Juno Therapeutics (NASDAQ:JUNO) last posted its quarterly earnings results on Wednesday, November 9th. The biopharmaceutical company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by $0.05. The company earned $20.80 million during the quarter, compared to analyst estimates of $10.98 million. The company’s quarterly revenue was up 1200.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Equities research analysts predict that Juno Therapeutics will post ($2.54) EPS for the current year.
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In related news, CEO Hans Edgar Bishop sold 84,035 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $30.28, for a total transaction of $2,544,579.80. Following the completion of the transaction, the chief executive officer now owns 2,518,537 shares of the company’s stock, valued at $76,261,300.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Azelby sold 12,921 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $24.14, for a total value of $311,912.94. Following the transaction, the executive vice president now directly owns 48,640 shares of the company’s stock, valued at approximately $1,174,169.60. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently made changes to their positions in JUNO. D.A. Davidson & CO. boosted its position in shares of Juno Therapeutics by 40.8% in the third quarter. D.A. Davidson & CO. now owns 16,918 shares of the biopharmaceutical company’s stock valued at $507,000 after buying an additional 4,900 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Juno Therapeutics by 0.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,698 shares of the biopharmaceutical company’s stock valued at $711,000 after buying an additional 98 shares in the last quarter. Credit Suisse AG boosted its position in shares of Juno Therapeutics by 51.1% in the third quarter. Credit Suisse AG now owns 187,262 shares of the biopharmaceutical company’s stock valued at $5,621,000 after buying an additional 63,346 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in shares of Juno Therapeutics during the third quarter valued at $2,401,000. Finally, Bamco Inc. NY boosted its position in shares of Juno Therapeutics by 340.8% in the third quarter. Bamco Inc. NY now owns 443,107 shares of the biopharmaceutical company’s stock valued at $13,298,000 after buying an additional 342,582 shares in the last quarter.
Juno Therapeutics Company Profile
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company focused on re-engaging the body’s immune system to revolutionize the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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