RA PHARMCTL INC (RARX) PT Raised to $23.00 at Credit Suisse Group
RA PHARMCTL INC (NASDAQ:RARX) had its price objective boosted by equities research analysts at Credit Suisse Group from $19.00 to $23.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 62.77% from the stock’s previous close.
Several other analysts also recently weighed in on RARX. Jefferies Group LLC reiterated a “buy” rating and set a $25.00 target price on shares of RA PHARMCTL INC in a research report on Friday, July 14th. Zacks Investment Research downgraded RA PHARMCTL INC from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Royal Bank Of Canada initiated coverage on RA PHARMCTL INC in a report on Thursday, September 14th. They issued an “outperform” rating and a $21.00 price objective for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.67.
RA PHARMCTL INC (RARX) traded up $1.46 during trading hours on Friday, hitting $14.13. The stock had a trading volume of 157,700 shares, compared to its average volume of 158,643. RA PHARMCTL INC has a fifty-two week low of $11.20 and a fifty-two week high of $27.84.
RA PHARMCTL INC (NASDAQ:RARX) last released its earnings results on Thursday, November 9th. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.06). equities research analysts predict that RA PHARMCTL INC will post -2.54 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in shares of RA PHARMCTL INC by 30.6% in the second quarter. The Manufacturers Life Insurance Company now owns 10,860 shares of the company’s stock valued at $204,000 after acquiring an additional 2,543 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of RA PHARMCTL INC by 97.0% in the first quarter. TIAA CREF Investment Management LLC now owns 7,837 shares of the company’s stock valued at $167,000 after acquiring an additional 3,859 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of RA PHARMCTL INC by 26.1% in the second quarter. California State Teachers Retirement System now owns 20,800 shares of the company’s stock valued at $390,000 after acquiring an additional 4,300 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of RA PHARMCTL INC by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 73,103 shares of the company’s stock valued at $1,370,000 after acquiring an additional 4,751 shares in the last quarter. Finally, American International Group Inc. bought a new stake in shares of RA PHARMCTL INC in the first quarter valued at about $102,000. Hedge funds and other institutional investors own 66.80% of the company’s stock.
RA PHARMCTL INC Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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