FibroGen (FGEN) Receives a Hold from William Blair
William Blair analyst Andy Hsieh reiterated a Hold rating on FibroGen (FGEN) on December 21. The company’s shares closed last Thursday at $40.55.
According to TipRanks.com, Hsieh is a 4-star analyst with an average return of 19.0% and a 63.5% success rate. Hsieh covers the Healthcare sector, focusing on stocks such as Actinium Pharmaceuticals, Nektar Therapeutics, and Seattle Genetics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FibroGen with a $71.00 average price target.
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FibroGen’s market cap is currently $4B and has a P/E ratio of -15.50. The company has a Price to Book ratio of 8.15.
Based on the recent corporate insider activity of 52 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 FGEN in relation to earlier this year.
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FibroGen, Inc. engages in the discovery, development, and commercialization of therapeutics. It focuses on hypoxia-inducible factor and connective tissue growth factor biology to develop innovative medicines for the treatment of anemia, fibrotic disease, and cancer. The company was founded by Thomas B. Neff on September 29, 1993 and is headquartered in San Francisco, CA.