FibroGen (FGEN) Cut to Sell at ValuEngine
ValuEngine cut shares of FibroGen (NASDAQ:FGEN) from a hold rating to a sell rating in a research report released on Friday morning.
Other equities research analysts also recently issued reports about the company. Leerink Swann reaffirmed an outperform rating and set a $82.00 price objective (up from $52.00) on shares of FibroGen in a report on Tuesday, August 8th. William Blair reaffirmed an outperform rating on shares of FibroGen in a report on Wednesday, August 9th. Citigroup lifted their price objective on FibroGen from $48.00 to $65.00 and gave the company a top pick rating in a report on Tuesday, August 8th. Jefferies Group reaffirmed a buy rating and set a $75.00 price objective on shares of FibroGen in a report on Tuesday, August 8th. Finally, Stifel Nicolaus lifted their price objective on FibroGen from $38.00 to $80.00 and gave the company a buy rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $65.67.
Shares of FibroGen (NASDAQ:FGEN) opened at $44.50 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 10.83 and a quick ratio of 10.83. FibroGen has a 1-year low of $19.25 and a 1-year high of $60.15.
In other news, Director Thomas F. Kearns, Jr. sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $45.22, for a total value of $813,960.00. Following the transaction, the director now directly owns 156,564 shares of the company’s stock, valued at approximately $7,079,824.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Pat Cotroneo sold 2,851 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $49.45, for a total value of $140,981.95. Following the completion of the transaction, the vice president now directly owns 157,405 shares in the company, valued at $7,783,677.25. The disclosure for this sale can be found here. Insiders sold a total of 399,982 shares of company stock worth $21,250,362 over the last three months. 13.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC acquired a new position in FibroGen during the 1st quarter worth $249,000. Schwab Charles Investment Management Inc. lifted its holdings in FibroGen by 16.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,373 shares of the biopharmaceutical company’s stock worth $5,827,000 after buying an additional 33,840 shares in the last quarter. Bank of America Corp DE lifted its holdings in FibroGen by 2.4% during the 1st quarter. Bank of America Corp DE now owns 103,522 shares of the biopharmaceutical company’s stock worth $2,552,000 after buying an additional 2,469 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in FibroGen by 71.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 57,502 shares of the biopharmaceutical company’s stock worth $1,857,000 after buying an additional 23,875 shares in the last quarter. Finally, Strs Ohio lifted its holdings in FibroGen by 1.6% during the 2nd quarter. Strs Ohio now owns 143,000 shares of the biopharmaceutical company’s stock worth $4,618,000 after buying an additional 2,300 shares in the last quarter. 57.42% of the stock is currently owned by institutional investors and hedge funds.
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FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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