Juno Therapeutics’ (JUNO) Market Perform Rating Reiterated at Wells Fargo & Co
Juno Therapeutics (NASDAQ:JUNO)‘s stock had its “market perform” rating reissued by analysts at Wells Fargo & Co in a research note issued on Wednesday, The Fly reports. They currently have a $63.00 price objective on the biopharmaceutical company’s stock, up from their prior price objective of $54.00. Wells Fargo & Co’s target price points to a potential upside of 38.16% from the company’s previous close.
A number of other brokerages have also commented on JUNO. Raymond James Financial raised their price target on Juno Therapeutics from $45.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Goldman Sachs Group reiterated a “neutral” rating and issued a $44.00 price objective on shares of Juno Therapeutics in a report on Friday, October 6th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Juno Therapeutics in a report on Thursday, January 11th. Citigroup reiterated a “buy” rating and issued a $59.00 price objective on shares of Juno Therapeutics in a report on Tuesday, October 31st. Finally, Maxim Group reiterated a “buy” rating and issued a $56.00 price objective (up previously from $34.00) on shares of Juno Therapeutics in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.26.
Shares of Juno Therapeutics (NASDAQ JUNO) opened at $45.60 on Wednesday. Juno Therapeutics has a 52 week low of $18.90 and a 52 week high of $63.45. The company has a market capitalization of $5,210.00, a price-to-earnings ratio of -13.45 and a beta of 2.32. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 0.01.
Juno Therapeutics (NASDAQ:JUNO) last announced its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.07. Juno Therapeutics had a negative return on equity of 32.54% and a negative net margin of 332.05%. The company had revenue of $44.80 million during the quarter, compared to analyst estimates of $18.12 million. During the same quarter last year, the firm posted ($0.57) earnings per share. The firm’s revenue was up 115.4% on a year-over-year basis. analysts expect that Juno Therapeutics will post -4.02 EPS for the current fiscal year.
In other news, CFO Steve Harr sold 8,750 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $44.76, for a total transaction of $391,650.00. Following the completion of the transaction, the chief financial officer now directly owns 772,082 shares in the company, valued at $34,558,390.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Azelby sold 6,666 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $54.95, for a total value of $366,296.70. Following the transaction, the executive vice president now owns 79,998 shares of the company’s stock, valued at $4,395,890.10. The disclosure for this sale can be found here. Insiders have sold 65,956 shares of company stock valued at $3,064,378 over the last 90 days. Corporate insiders own 15.08% of the company’s stock.
Several large investors have recently modified their holdings of JUNO. Capital International Investors bought a new position in shares of Juno Therapeutics during the third quarter valued at $256,339,000. Redmile Group LLC bought a new position in shares of Juno Therapeutics during the second quarter valued at $66,344,000. Jennison Associates LLC increased its holdings in shares of Juno Therapeutics by 162.0% during the third quarter. Jennison Associates LLC now owns 1,988,708 shares of the biopharmaceutical company’s stock valued at $89,213,000 after acquiring an additional 1,229,622 shares in the last quarter. Orbimed Advisors LLC increased its holdings in shares of Juno Therapeutics by 123.1% during the third quarter. Orbimed Advisors LLC now owns 2,041,608 shares of the biopharmaceutical company’s stock valued at $91,587,000 after acquiring an additional 1,126,400 shares in the last quarter. Finally, Capital Guardian Trust Co. bought a new position in shares of Juno Therapeutics during the third quarter valued at $37,400,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.
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Juno Therapeutics Company Profile
Juno Therapeutics, Inc (Juno) is a biopharmaceutical company, which is focused on developing cellular immunotherapies for the treatment of cancer. The Company is developing cell-based cancer immunotherapies based on its chimeric antigen receptor (CAR) and T cell receptor (TCR) technologies to genetically engineer T cells to recognize and kill cancer cells.
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