Shares of Alder Biopharmaceuticals Inc (NASDAQ:ALDR) have been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.10.
ALDR has been the topic of several recent research reports. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday, July 10th. They issued an “underperform” rating and a $19.00 price target on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $25.00 price target on shares of Menlo Therapeutics in a report on Thursday, May 2nd. Svb Leerink started coverage on shares of Alder Biopharmaceuticals in a report on Tuesday, May 28th. They issued an “outperform” rating on the stock. Finally, Mizuho set a $100.00 target price on shares of PRA Health Sciences and gave the stock a “hold” rating in a research note on Friday, May 3rd.
In other news, EVP James B. Bucher sold 1,897 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $13.85, for a total transaction of $26,273.45. Following the sale, the executive vice president now directly owns 11,706 shares of the company’s stock, valued at approximately $162,128.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.40% of the company’s stock.
NASDAQ:ALDR traded down $0.93 during mid-day trading on Tuesday, hitting $10.45. The company’s stock had a trading volume of 1,456,467 shares, compared to its average volume of 1,031,633. Alder Biopharmaceuticals has a 1 year low of $9.44 and a 1 year high of $20.87. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $946.06 million, a PE ratio of -2.15 and a beta of 2.56. The business’s fifty day moving average price is $11.48.
Alder Biopharmaceuticals (NASDAQ:ALDR) last posted its quarterly earnings results on Thursday, May 2nd. The biopharmaceutical company reported ($1.63) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.47). On average, equities research analysts predict that Alder Biopharmaceuticals will post -4.43 EPS for the current fiscal year.
About Alder Biopharmaceuticals
Alder BioPharmaceuticals, Inc operates as a clinical-stage biopharmaceutical company. It discovers, develops, and commercializes therapeutic antibodies to transform the treatment paradigm for patients with migraine in the United States, Australia, and Ireland. The company's lead product candidate is eptinezumab, a monoclonal antibody (mAb) inhibiting calcitonin gene-related peptide, which is in the late-stage clinical development for the prevention of migraine.
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