In a report released yesterday, Vamil Divan from Credit Suisse maintained a Buy rating on Alkermes (ALKS), with a price target of $47. The company’s shares closed yesterday at $35.75, close to its 52-week low of $32.61.
According to TipRanks.com, Divan is a 1-star analyst with an average return of -2.7% and a 42.9% success rate. Divan covers the Healthcare sector, focusing on stocks such as Alder Biopharmaceuticals, Aimmune Therapeutics, and Johnson & Johnson.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alkermes with a $46.38 average price target.
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Based on Alkermes’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $34.44 million. In comparison, last year the company had a GAAP net loss of $36.28 million.
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Alkermes Plc IS a biopharmaceutical company, which engages in the development, research, and commercialization of medicines that are designed to address unmet medical needs of patients in major therapeutic areas. It operates through the following geographical segments: U.S., Ireland, Rest of the World, and Other.
