Evotec AG (EVTCY) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Evotec AG (NASDAQ:EVTCY) from a hold rating to a buy rating in a research report sent to investors on Friday morning. They currently have $43.00 price objective on the stock.
According to Zacks, “EVOTEC is a leader in the discovery and development of novel small molecule drugs. They have established a powerful platform that is applicable to targets across all therapeutic areas and has specific expertise in the area of Central Nervous System related diseases where it is building a pipeline of drug candidates for partnering. Through research collaborations and proprietary projects They are providing the highest quality research results to its partners in the pharmaceutical and biotechnology industries “
A number of other equities analysts have also recently issued reports on the company. Berenberg Bank reiterated a buy rating on shares of Evotec AG in a report on Wednesday, May 10th. DZ Bank AG reiterated a sell rating on shares of Evotec AG in a report on Thursday, August 17th.
Evotec AG (NASDAQ:EVTCY) opened at 39.40 on Friday. The firm has a market capitalization of $2.88 billion and a PE ratio of 67.70. The company has a 50 day moving average price of $32.69 and a 200-day moving average price of $26.12. Evotec AG has a one year low of $9.79 and a one year high of $40.23.
Evotec AG (NASDAQ:EVTCY) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $58.52 million for the quarter, compared to analyst estimates of $50.06 million.
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About Evotec AG
Evotec AG is a drug discovery and development company. The Company operates through two segments. The EVT Execute segment provides standalone drug discover services on a typical fee-for-service basis or integrated drug discovery collaborations on partners’ target through a range of commercial structures, including research fees, milestones and/or royalties.
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