Amicus Therapeutics (NASDAQ:FOLD) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Amicus Therapeutics (NASDAQ:FOLD) from a hold rating to a buy rating in a report published on Monday, January 15th.

Several other analysts have also issued reports on the stock. Robert W. Baird reissued an outperform rating and issued a $16.00 price target on shares of Amicus Therapeutics in a research report on Monday, September 25th. Zacks Investment Research lowered shares of Amicus Therapeutics from a hold rating to a sell rating in a report on Tuesday, December 19th. Bank of America upped their target price on shares of Amicus Therapeutics from $15.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, October 4th. Goldman Sachs Group reaffirmed a neutral rating and set a $17.00 target price on shares of Amicus Therapeutics in a report on Friday, October 6th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Amicus Therapeutics in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $18.31.

Amicus Therapeutics (FOLD) opened at $15.90 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.32 and a quick ratio of 6.22. The firm has a market cap of $2,640.00, a PE ratio of -8.69 and a beta of 1.72. Amicus Therapeutics has a 52 week low of $5.07 and a 52 week high of $16.60.

Amicus Therapeutics (NASDAQ:FOLD) last released its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.10). Amicus Therapeutics had a negative net margin of 1,092.37% and a negative return on equity of 63.54%. The company had revenue of $10.90 million during the quarter, compared to analysts’ expectations of $9.02 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The firm’s revenue was up 419.0% compared to the same quarter last year. equities research analysts anticipate that Amicus Therapeutics will post -1.52 EPS for the current year.

In other Amicus Therapeutics news, CFO William D. Baird III sold 10,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $14.72, for a total transaction of $147,200.00. Following the completion of the sale, the chief financial officer now owns 105,121 shares of the company’s stock, valued at approximately $1,547,381.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay Barth sold 5,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $13.59, for a total transaction of $67,950.00. Following the completion of the transaction, the insider now owns 69,184 shares of the company’s stock, valued at $940,210.56. The disclosure for this sale can be found here. Insiders sold a total of 197,890 shares of company stock valued at $2,767,181 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in Amicus Therapeutics in the 3rd quarter worth $102,000. Birchview Capital LP bought a new position in Amicus Therapeutics in the 3rd quarter worth $151,000. Sage Capital Advisors llc bought a new position in Amicus Therapeutics in the 3rd quarter worth $154,000. Engineers Gate Manager LP bought a new position in Amicus Therapeutics in the 3rd quarter worth $155,000. Finally, Tudor Investment Corp ET AL bought a new position in Amicus Therapeutics in the 2nd quarter worth $124,000.

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Amicus Therapeutics Company Profile

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Analyst Recommendations for Amicus Therapeutics (NASDAQ:FOLD)

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