Brokerages Expect Zealand Pharma A/S (ZEAL) to Post ($0.49) Earnings Per Share
Shares of Zealand Pharma A/S (NASDAQ:ZEAL) have received a consensus broker rating score of 1.83 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Zealand Pharma A/S’s rating score has declined by 22% from three months ago as a result of various analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $27.33 for the company and are forecasting that the company will post ($0.49) earnings per share for the current quarter, according to Zacks. Zacks has also given Zealand Pharma A/S an industry rank of 102 out of 265 based on the ratings given to its competitors.
A number of equities analysts recently weighed in on the company. Morgan Stanley assumed coverage on Zealand Pharma A/S in a research note on Tuesday, September 5th. They issued an “overweight” rating and a $28.00 price target on the stock. Guggenheim assumed coverage on Zealand Pharma A/S in a research note on Tuesday, September 5th. They issued a “buy” rating and a $28.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target on shares of Zealand Pharma A/S in a research note on Monday, October 16th. Goldman Sachs Group assumed coverage on Zealand Pharma A/S in a research note on Wednesday, September 27th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Zealand Pharma A/S from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, November 15th.
Shares of Zealand Pharma A/S (NASDAQ:ZEAL) traded up $0.43 during trading on Tuesday, reaching $14.10. 4,358 shares of the company’s stock traded hands, compared to its average volume of 33,057. Zealand Pharma A/S has a 12-month low of $12.54 and a 12-month high of $20.37.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP purchased a new position in Zealand Pharma A/S in the 3rd quarter worth about $3,185,000. Jane Street Group LLC purchased a new position in Zealand Pharma A/S in the 3rd quarter worth about $386,000. Finally, Royce & Associates LP purchased a new position in Zealand Pharma A/S in the 3rd quarter worth about $1,152,000. 13.33% of the stock is currently owned by hedge funds and other institutional investors.
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Zealand Pharma A/S Company Profile
Zealand Pharma A/S, a biotech company, engages in the discovery, design, and development of novel peptide-based medicines in Denmark. The company markets Lixisenatide, a once-daily prandial GLP-1 peptide receptor agonist for the treatment of type 2 diabetes under the Adlyxin and Lyxumia names; and Soliqua 100/33/Suliqua, a combination of lixisenatide and insulin glargine, and a GLP-1 receptor agonist for the treatment of type 2 diabetes.
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