H.C. Wainwright analyst Ed Arce maintained a Buy rating on Akebia Therapeutics (AKBA) today and set a price target of $6.00. The company’s shares closed last Tuesday at $3.39, close to its 52-week low of $2.09.
According to TipRanks.com, Arce is a 5-star analyst with an average return of 17.5% and a 41.7% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Aurinia Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Akebia Therapeutics with a $7.33 average price target, representing a 97.3% upside. In a report released today, Mizuho Securities also reiterated a Buy rating on the stock with a $6.00 price target.
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Akebia Therapeutics’ market cap is currently $562M and has a P/E ratio of -1.30. The company has a Price to Book ratio of 23.73.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKBA in relation to earlier this year.
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Akebia Therapeutics, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapeutics for patients with kidney disease. The firm also involves in the development and commercialization of drugs for the treatment of renal and metabolic disorders. Its products include Auryxia and Vadadustat. The company was founded by Joseph H. Gardner, John M. Rice, Michael E. Pape, Josh P. Fairbank, and Robert A. Shalwitz on February 27, 2007 and is headquartered in Cambridge, MA.
