Mizuho Securities Thinks Avrobio’s Stock is Going to Recover
In a report released today, Difei Yang from Mizuho Securities reiterated a Buy rating on Avrobio (AVRO), with a price target of $43.00. The company’s shares closed last Monday at $11.25, close to its 52-week low of $9.76.
According to TipRanks.com, Yang is ranked 0 out of 5 stars with an average return of -2.8% and a 39.9% success rate. Yang covers the Healthcare sector, focusing on stocks such as Xeris Pharmaceuticals, Sarepta Therapeutics, and Magenta Therapeutics.
Currently, the analyst consensus on Avrobio is a Moderate Buy with an average price target of $43.00.
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Avrobio’s market cap is currently $466.3M and has a P/E ratio of -3.50. The company has a Price to Book ratio of 2.31.
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Avrobio, Inc. engages in the development of lentiviral-based gene therapies. It focuses on gene therapy for fabry, gaucher, pompe disease, and cystinosis. These gene therapies, on which the company was founded, were developed by Dr. Jeffrey Medin and Dr. Christopher Paige at the University Health Network. AvroBio launched in 2015, is headed by Co-Founder, President and CEO Geoff Mackay, and is headquartered in Cambridge, MA.