Intercept Pharmaceuticals (ICPT) Now Covered by Deutsche Bank
Analysts at Deutsche Bank started coverage on shares of Intercept Pharmaceuticals (NASDAQ:ICPT) in a research note issued on Tuesday. The firm set a “buy” rating and a $106.00 price target on the biopharmaceutical company’s stock. Deutsche Bank’s price target would suggest a potential upside of 65.11% from the stock’s current price.
Several other brokerages have also weighed in on ICPT. ValuEngine raised shares of Intercept Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Wedbush reaffirmed an “outperform” rating and set a $253.00 price target on shares of Intercept Pharmaceuticals in a research report on Friday, August 25th. BidaskClub raised shares of Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $221.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $332.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $142.40.
Intercept Pharmaceuticals (NASDAQ ICPT) traded up $3.56 during midday trading on Tuesday, reaching $64.20. 1,362,500 shares of the company’s stock traded hands, compared to its average volume of 767,989. The company has a debt-to-equity ratio of 3.15, a quick ratio of 5.95 and a current ratio of 5.95. Intercept Pharmaceuticals has a 1 year low of $54.98 and a 1 year high of $135.59.
Intercept Pharmaceuticals (NASDAQ:ICPT) last issued its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($2.89) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.48) by $0.59. The company had revenue of $41.33 million for the quarter, compared to analyst estimates of $36.95 million. Intercept Pharmaceuticals had a negative net margin of 344.74% and a negative return on equity of 176.51%. The company’s revenue was up 697.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.59) earnings per share. equities research analysts anticipate that Intercept Pharmaceuticals will post -13.35 EPS for the current year.
In related news, CEO Mark Pruzanski sold 1,532 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $58.87, for a total value of $90,188.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 2,566 shares of company stock valued at $151,025. 9.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ICPT. WFG Advisors LP raised its holdings in Intercept Pharmaceuticals by 16.4% during the 2nd quarter. WFG Advisors LP now owns 888 shares of the biopharmaceutical company’s stock worth $108,000 after purchasing an additional 125 shares during the last quarter. IFP Advisors Inc raised its holdings in Intercept Pharmaceuticals by 90.9% during the 3rd quarter. IFP Advisors Inc now owns 2,482 shares of the biopharmaceutical company’s stock worth $144,000 after purchasing an additional 1,182 shares during the last quarter. Aperio Group LLC bought a new position in Intercept Pharmaceuticals during the 2nd quarter worth approximately $212,000. SG Americas Securities LLC bought a new position in Intercept Pharmaceuticals during the 2nd quarter worth approximately $235,000. Finally, QCM Cayman Ltd. bought a new position in Intercept Pharmaceuticals during the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 73.80% of the company’s stock.
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About Intercept Pharmaceuticals
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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