Spark Therapeutics (ONCE) Gets a Hold Rating from Credit Suisse
In a report released yesterday, Martin Auster from Credit Suisse maintained a Hold rating on Spark Therapeutics (ONCE), with a price target of $44. The company’s shares closed yesterday at $41.89, close to its 52-week low of $35.63.
According to TipRanks.com, Auster is a 3-star analyst with an average return of 7.0% and a 55.9% success rate. Auster covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings Inc, Alexion Pharmaceuticals, and Intellia Therapeutics.
Spark Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $62.18.
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Based on Spark Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $47.36 million. In comparison, last year the company had a GAAP net loss of $65.01 million.
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Spark Therapeutics, Inc. engages in the research, development, and commercialization of gene therapies. Its product portfolio intends to treat inherited retinal sickness, liver-mediated, and neurodegenerative diseases.