Tocagen Inc (TOCA) Given $23.67 Consensus Target Price by Analysts

Tocagen Inc (NASDAQ:TOCA) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Analysts have set a 12-month consensus price objective of $23.67 for the company, according to Zacks. Zacks has also given Tocagen an industry rank of 104 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Tocagen from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th.

Shares of Tocagen (TOCA) traded down $0.90 during trading hours on Friday, hitting $11.02. The stock had a trading volume of 231,000 shares, compared to its average volume of 147,235. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.07. Tocagen has a twelve month low of $8.60 and a twelve month high of $17.95.

Tocagen (NASDAQ:TOCA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.02). The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.01 million. research analysts anticipate that Tocagen will post -2.88 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of TOCA. TD Asset Management Inc. acquired a new position in shares of Tocagen during the second quarter worth about $158,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Tocagen during the second quarter worth about $165,000. Alps Advisors Inc. acquired a new position in shares of Tocagen during the second quarter worth about $215,000. Bank of New York Mellon Corp acquired a new position in shares of Tocagen during the second quarter worth about $281,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Tocagen during the second quarter worth about $837,000. Institutional investors own 36.22% of the company’s stock.

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About Tocagen

Tocagen Inc (Tocagen) is a clinical-stage, cancer-selective gene therapy company. The Company is focused on developing product candidates designed to activate a patient’s immune system against their own cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to selectively deliver therapeutic genes into the deoxyribonucleic acid (DNA) of cancer cells.

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