Amicus Therapeutics (FOLD) Given a $20.00 Price Target by Robert W. Baird Analysts
Robert W. Baird set a $20.00 price target on Amicus Therapeutics (NASDAQ:FOLD) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the biopharmaceutical company’s stock.
A number of other brokerages have also recently commented on FOLD. ValuEngine upgraded Amicus Therapeutics from a sell rating to a hold rating in a report on Friday, February 2nd. BidaskClub upgraded Amicus Therapeutics from a hold rating to a buy rating in a report on Monday, January 15th. Zacks Investment Research upgraded Amicus Therapeutics from a hold rating to a buy rating and set a $16.00 target price for the company in a report on Tuesday, October 10th. Finally, Cowen restated a buy rating and set a $22.00 target price on shares of Amicus Therapeutics in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $18.56.
Shares of Amicus Therapeutics (FOLD) traded down $0.28 during trading on Wednesday, reaching $16.60. The company had a trading volume of 1,106,358 shares, compared to its average volume of 3,069,411. Amicus Therapeutics has a 12 month low of $5.87 and a 12 month high of $17.40. The stock has a market cap of $2,810.00, a PE ratio of -9.06 and a beta of 1.45. The company has a quick ratio of 6.22, a current ratio of 6.32 and a debt-to-equity ratio of 0.39.
In other news, COO Bradley L. Campbell sold 32,500 shares of Amicus Therapeutics stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $15.92, for a total value of $517,400.00. Following the completion of the transaction, the chief operating officer now owns 186,600 shares in the company, valued at approximately $2,970,672. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John F. Crowley sold 47,213 shares of Amicus Therapeutics stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $13.61, for a total value of $642,568.93. Following the completion of the transaction, the chief executive officer now owns 375,214 shares of the company’s stock, valued at approximately $5,106,662.54. The disclosure for this sale can be found here. Insiders sold a total of 250,390 shares of company stock valued at $3,620,581 in the last quarter. Company insiders own 3.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in FOLD. Janus Henderson Group PLC purchased a new position in shares of Amicus Therapeutics in the 2nd quarter valued at about $70,762,000. Eagle Asset Management Inc. purchased a new position in shares of Amicus Therapeutics in the 3rd quarter valued at about $40,450,000. Jennison Associates LLC lifted its stake in Amicus Therapeutics by 9.4% during the third quarter. Jennison Associates LLC now owns 9,772,025 shares of the biopharmaceutical company’s stock worth $147,362,000 after purchasing an additional 838,267 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Amicus Therapeutics during the third quarter worth approximately $11,381,000. Finally, Perceptive Advisors LLC lifted its stake in Amicus Therapeutics by 3.4% during the third quarter. Perceptive Advisors LLC now owns 17,888,597 shares of the biopharmaceutical company’s stock worth $269,760,000 after purchasing an additional 591,925 shares during the last quarter.
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About Amicus Therapeutics
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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