After Cowen & Co. and Roth Capital gave Medicines Co (NASDAQ: MDCO) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Jay Olson maintained a Buy rating on Medicines Co yesterday. The company’s shares closed yesterday at $28.02.
According to TipRanks.com, Olson is ranked 0 out of 5 stars with an average return of -2.8% and a 42.6% success rate. Olson covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Conatus Pharmaceuticals, and Enanta Pharmaceuticals.
Currently, the analyst consensus on Medicines Co is a Strong Buy with an average price target of $58.80, which is a 109.9% upside from current levels. In a report issued on March 18, B.Riley FBR also reiterated a Buy rating on the stock with a $38 price target.
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The company has a one-year high of $41.57 and a one-year low of $16.69. Currently, Medicines Co has an average volume of 1.19M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MDCO in relation to earlier this year.
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The Medicines Co. is a biopharmaceutical company, which focuses on saving lives, alleviating suffering and contributing to the economics of healthcare by focusing on acute and intensive care hospitals worldwide. The firm markets its brands Angiomax, Cleviprex, injectable emulsion, Ionsys, Kengreal, Minocin for injection, and Orbactiv.
