FibroGen, Inc (FGEN) Now Covered by Mizuho
Investment analysts at Mizuho assumed coverage on shares of FibroGen, Inc (NASDAQ:FGEN) in a report released on Wednesday. The brokerage set a “neutral” rating and a $61.00 price target on the biopharmaceutical company’s stock. Mizuho’s target price would suggest a potential upside of 7.58% from the company’s previous close.
Other research analysts have also issued research reports about the company. Stifel Nicolaus reiterated a “buy” rating and set a $38.00 price target (up previously from $32.00) on shares of FibroGen in a research report on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 price target on shares of FibroGen in a research report on Tuesday, September 12th. Citigroup Inc. reiterated a “buy” rating and set a $48.00 price target on shares of FibroGen in a research report on Monday, June 26th. BidaskClub lowered FibroGen from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) lowered FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 price target for the company. in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.67.
Shares of FibroGen (FGEN) opened at 56.70 on Wednesday. The firm has a 50-day moving average price of $49.37 and a 200-day moving average price of $34.92. FibroGen has a 12-month low of $15.60 and a 12-month high of $60.15. The firm’s market cap is $4.04 billion.
FibroGen (NASDAQ:FGEN) last announced its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.01). FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. The business had revenue of $29.00 million for the quarter, compared to analyst estimates of $34.80 million. On average, equities research analysts expect that FibroGen will post ($1.80) earnings per share for the current fiscal year.
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In other news, VP Pat Cotroneo sold 2,851 shares of the company’s stock in a transaction 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 sale, the vice president now owns 157,405 shares in the company, valued at $7,783,677.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kalevi Kurkijarvi sold 2,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $33.45, for a total value of $66,900.00. Following the completion of the sale, the director now owns 32,000 shares of the company’s stock, valued at approximately $1,070,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 542,828 shares of company stock valued at $25,858,047. Insiders own 14.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in FGEN. Ameritas Investment Partners Inc. acquired a new stake in shares of FibroGen in the first quarter valued at $111,000. Quantbot Technologies LP acquired a new stake in shares of FibroGen in the second quarter valued at $128,000. SG Americas Securities LLC lifted its holdings in shares of FibroGen by 6.5% in the second quarter. SG Americas Securities LLC now owns 6,747 shares of the biopharmaceutical company’s stock valued at $218,000 after buying an additional 412 shares during the period. Amalgamated Bank acquired a new stake in shares of FibroGen in the second quarter valued at $237,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of FibroGen by 589.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,401 shares of the biopharmaceutical company’s stock valued at $239,000 after buying an additional 6,327 shares during the period. Institutional investors and hedge funds own 47.49% of the company’s stock.
FibroGen Company Profile
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.
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