Oppenheimer analyst Kevin DeGeeter downgraded Vericel (VCEL) to Hold today. The company’s shares closed last Friday at $36.17, close to its 52-week high of $36.75.
According to TipRanks.com, DeGeeter is a top 100 analyst with an average return of 56.7% and a 61.9% success rate. DeGeeter covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, Rocket Pharmaceuticals, and Ionis Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vericel with a $30.80 average price target.
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Vericel’s market cap is currently $1.64B and has a P/E ratio of 1808.50. The company has a Price to Book ratio of 14.33.
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Vericel Corp. engages in the research, product development, manufacture, and distribution of patient-specific, expanded cellular therapies for use in the treatment of patients with diseases. Its product portfolio includes MACI and Epicel. The MACI portfolio is FDA-approved product that applies the process of tissue engineering to grow cells on scaffolds using healthy cartilage tissue from the patient’s own knee. The Epicel portfolio provide skin replacement for patients who have deep dermal or full thickness burns. The company was founded on March 24, 1989 and is headquartered in Cambridge, MA.
