Synthetic Biologics Inc (SYN) Given Consensus Rating of “Buy” by Brokerages
Shares of Synthetic Biologics Inc (NYSEMKT:SYN) have been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.46.
Several equities research analysts have recently commented on SYN shares. William Blair restated an “outperform” rating and set a $5.00 price target on shares of Synthetic Biologics in a research note on Sunday, March 5th. Zacks Investment Research cut Synthetic Biologics from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Finally, ValuEngine cut Synthetic Biologics from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
Shares of Synthetic Biologics (SYN) traded down 4.974% during midday trading on Tuesday, hitting $0.661. 1,713,533 shares of the stock were exchanged. The company’s market cap is $80.57 million. Synthetic Biologics has a one year low of $0.41 and a one year high of $1.94. The firm has a 50 day moving average of $0.57 and a 200-day moving average of $0.71.
Synthetic Biologics (NYSEMKT:SYN) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. Equities analysts expect that Synthetic Biologics will post ($0.25) EPS for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in SYN. Norges Bank acquired a new position in shares of Synthetic Biologics during the fourth quarter worth $356,000. MSD Partners L.P. raised its position in shares of Synthetic Biologics by 32.1% in the fourth quarter. MSD Partners L.P. now owns 4,118,402 shares of the company’s stock worth $3,141,000 after buying an additional 1,000,000 shares in the last quarter. State Street Corp raised its position in shares of Synthetic Biologics by 0.5% in the fourth quarter. State Street Corp now owns 954,323 shares of the company’s stock worth $727,000 after buying an additional 5,195 shares in the last quarter. UBS Group AG raised its position in shares of Synthetic Biologics by 10.3% in the first quarter. UBS Group AG now owns 214,357 shares of the company’s stock worth $135,000 after buying an additional 20,038 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Synthetic Biologics by 2.7% in the first quarter. Geode Capital Management LLC now owns 551,538 shares of the company’s stock worth $347,000 after buying an additional 14,395 shares in the last quarter.
Synthetic Biologics Company Profile
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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