BMO Capital Markets reissued their outperform rating on shares of Ra Pharmaceuticals (NASDAQ:RARX) in a research report sent to investors on Monday morning, The Fly reports. The firm currently has a $34.00 target price on the stock, up from their prior target price of $31.00.
A number of other brokerages also recently weighed in on RARX. Zacks Investment Research upgraded shares of Ra Pharmaceuticals from a sell rating to a hold rating in a research report on Tuesday, September 19th. Jefferies Group set a $25.00 price target on shares of Ra Pharmaceuticals and gave the company a buy rating in a research report on Friday, August 25th. Royal Bank Of Canada initiated coverage on shares of Ra Pharmaceuticals in a research report on Thursday, September 14th. They issued an outperform rating and a $21.00 price target on the stock. Finally, Credit Suisse Group increased their price target on shares of Ra Pharmaceuticals from $19.00 to $23.00 and gave the company an outperform rating in a research report on Friday, November 10th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $23.20.
Shares of Ra Pharmaceuticals (NASDAQ RARX) traded down $0.52 during mid-day trading on Monday, hitting $7.45. 498,200 shares of the stock were exchanged, compared to its average volume of 133,109. Ra Pharmaceuticals has a 52 week low of $7.31 and a 52 week high of $27.84.
Ra Pharmaceuticals (NASDAQ:RARX) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.06). sell-side analysts forecast that Ra Pharmaceuticals will post -2.46 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in RARX. Candriam Luxembourg S.C.A. lifted its holdings in shares of Ra Pharmaceuticals by 43.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 116,000 shares of the company’s stock worth $1,694,000 after buying an additional 35,000 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ra Pharmaceuticals by 70.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 21,800 shares of the company’s stock worth $409,000 after buying an additional 9,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ra Pharmaceuticals by 33.7% during the second quarter. JPMorgan Chase & Co. now owns 199,900 shares of the company’s stock worth $3,746,000 after buying an additional 50,432 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Ra Pharmaceuticals by 1,078.4% during the second quarter. Nationwide Fund Advisors now owns 32,842 shares of the company’s stock worth $615,000 after buying an additional 30,055 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Ra Pharmaceuticals during the third quarter worth $4,664,000. Hedge funds and other institutional investors own 69.64% of the company’s stock.
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Ra Pharmaceuticals Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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