Agios Pharmaceuticals, Inc. (AGIO) Given a $90.00 Price Target by Canaccord Genuity Analysts
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) received a $90.00 price target from research analysts at Canaccord Genuity in a report released on Thursday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 80.61% from the company’s previous close.
A number of other research analysts have also issued reports on the company. Oppenheimer Holdings, Inc. set a $75.00 target price on Agios Pharmaceuticals and gave the company a “buy” rating in a report on Thursday. Cowen and Company reissued a “buy” rating on shares of Agios Pharmaceuticals in a report on Thursday. Janney Montgomery Scott raised Agios Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Thursday. Zacks Investment Research raised Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, January 27th. Finally, CIBC raised Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 17th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $63.54.
Shares of Agios Pharmaceuticals (NASDAQ:AGIO) traded up 5.12% during mid-day trading on Thursday, hitting $52.38. The company’s stock had a trading volume of 614,164 shares. The stock has a 50-day moving average of $43.46 and a 200-day moving average of $47.72. The company’s market cap is $2.20 billion. Agios Pharmaceuticals has a 12-month low of $34.31 and a 12-month high of $67.74.
Agios Pharmaceuticals (NASDAQ:AGIO) last released its earnings results on Thursday, February 16th. The biopharmaceutical company reported ($1.34) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.51) by $0.17. The business had revenue of $22.65 million for the quarter, compared to analyst estimates of $10.89 million. Agios Pharmaceuticals had a negative return on equity of 53.39% and a negative net margin of 341.56%. The company’s revenue for the quarter was up 264.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.08) earnings per share. On average, equities research analysts forecast that Agios Pharmaceuticals will post ($5.23) EPS for the current year.
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A number of hedge funds have recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in Agios Pharmaceuticals during the second quarter worth approximately $319,000. Ameriprise Financial Inc. increased its stake in Agios Pharmaceuticals by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 22,029 shares of the biopharmaceutical company’s stock worth $923,000 after buying an additional 2,983 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Agios Pharmaceuticals by 425.5% in the second quarter. JPMorgan Chase & Co. now owns 30,882 shares of the biopharmaceutical company’s stock worth $1,294,000 after buying an additional 25,005 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Agios Pharmaceuticals by 40.8% in the second quarter. Teacher Retirement System of Texas now owns 3,921 shares of the biopharmaceutical company’s stock worth $164,000 after buying an additional 1,136 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Agios Pharmaceuticals by 10.1% in the second quarter. Vanguard Group Inc. now owns 2,105,591 shares of the biopharmaceutical company’s stock worth $88,214,000 after buying an additional 192,852 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.
About Agios Pharmaceuticals
Agios Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery and development of orally available small molecule medicines for the treatment of cancer and rare genetic disorders (RGDs), which are a subset of orphan genetic metabolic diseases. Its cancer product candidates are AG-221 and AG-120, which targets mutated isocitrate dehydrogenase 2 and 1, or IDH2 and IDH1, respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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