Shares of AnaptysBio Inc (NASDAQ:ANAB) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $84.78.

A number of equities analysts have commented on ANAB shares. Zacks Investment Research raised AnaptysBio from a “sell” rating to a “hold” rating and set a $74.00 price objective on the stock in a research note on Friday, November 10th. SunTrust Banks began coverage on AnaptysBio in a research note on Wednesday, November 15th. They set a “buy” rating and a $115.00 price target on the stock. Credit Suisse Group upped their price target on AnaptysBio from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. Royal Bank Of Canada upped their price target on AnaptysBio from $40.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. Finally, JMP Securities upped their price target on AnaptysBio from $45.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC acquired a new position in AnaptysBio in the third quarter valued at about $100,000. Legal & General Group Plc lifted its stake in AnaptysBio by 160.8% in the third quarter. Legal & General Group Plc now owns 3,164 shares of the biotechnology company’s stock valued at $110,000 after buying an additional 1,951 shares during the period. Bank of America Corp DE acquired a new position in AnaptysBio in the first quarter valued at about $123,000. DAFNA Capital Management LLC lifted its stake in AnaptysBio by 22.2% in the second quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock valued at $132,000 after buying an additional 1,000 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in AnaptysBio in the second quarter valued at about $168,000. 75.48% of the stock is currently owned by institutional investors and hedge funds.

AnaptysBio (ANAB) opened at $81.95 on Thursday. The company has a quick ratio of 10.77, a current ratio of 10.77 and a debt-to-equity ratio of 0.09. AnaptysBio has a one year low of $15.17 and a one year high of $88.17.

AnaptysBio (NASDAQ:ANAB) last posted its quarterly earnings data on Tuesday, November 7th. The biotechnology company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.02. analysts anticipate that AnaptysBio will post -1.72 EPS for the current year.

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About AnaptysBio

AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.

Analyst Recommendations for AnaptysBio (NASDAQ:ANAB)

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