After RBC Capital and Jefferies gave Charles River Labs (NYSE: CRL) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Donald Hooker reiterated a Buy rating on Charles River Labs yesterday and set a price target of $140. The company’s shares closed yesterday at $124.18.
According to TipRanks.com, Hooker is a 5-star analyst with an average return of 14.9% and a 73.3% success rate. Hooker covers the Services sector, focusing on stocks such as Quest Diagnostics Inc, PRA Health Sciences, and Laboratory Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Charles River Labs with a $136 average price target, which is a 9.5% upside from current levels. In a report released yesterday, Robert W. Baird also reiterated a Buy rating on the stock with a $133 price target.
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Charles River Labs’ market cap is currently $5.95B and has a P/E ratio of 46.86. The company has a Price to Book ratio of 5.22.
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Charles River Laboratories International, Inc. is an early-stage contract research company, which provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and academic institutions.
