Oppenheimer Weighs in on Mesoblast limited’s Q3 2018 Earnings (MESO)
Mesoblast limited (NASDAQ:MESO) – Equities research analysts at Oppenheimer cut their Q3 2018 earnings per share (EPS) estimates for Mesoblast in a research note issued on Wednesday. Oppenheimer analyst M. Breidenbach now expects that the company will earn ($0.20) per share for the quarter, down from their previous estimate of ($0.19). Oppenheimer has a “Buy” rating and a $16.00 price target on the stock. Oppenheimer also issued estimates for Mesoblast’s Q4 2018 earnings at ($0.20) EPS, FY2018 earnings at ($0.45) EPS, Q1 2019 earnings at ($0.20) EPS, Q2 2019 earnings at ($0.21) EPS, Q3 2019 earnings at ($0.23) EPS and FY2019 earnings at ($0.59) EPS.
Other analysts also recently issued reports about the stock. Maxim Group set a $14.00 price target on shares of Mesoblast and gave the stock a “buy” rating in a report on Wednesday, November 15th. Cantor Fitzgerald set a $20.00 price target on shares of Mesoblast and gave the stock a “buy” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised shares of Mesoblast from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a report on Saturday, January 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Mesoblast presently has a consensus rating of “Hold” and a consensus target price of $13.54.
An institutional investor recently bought a new position in Mesoblast stock. Penbrook Management LLC acquired a new stake in shares of Mesoblast limited (NASDAQ:MESO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 266,800 shares of the company’s stock, valued at approximately $1,558,000. Mesoblast makes up about 1.4% of Penbrook Management LLC’s investment portfolio, making the stock its 18th largest holding. Penbrook Management LLC owned 0.28% of Mesoblast at the end of the most recent quarter. 2.74% of the stock is owned by institutional investors and hedge funds.
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Mesoblast Company Profile
Mesoblast Limited is engaged in developing cell-based medicines. The Company has leveraged its technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a portfolio of late-stage product candidates. Its allogeneic, off-the-shelf cell product candidates target advanced stages of diseases with high, unmet medical needs, including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions.
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