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Alder BioPharmaceuticals, Inc. (ALDR) Set to Announce Quarterly Earnings on Monday
17 July 2017, 09:17 | Kelvin Horton
Investors who are keeping close eye on Alder Biopharmaceuticals, Inc. (NASDAQ:ALDR) from a strong sell rating to a sell rating in a report issued on Tuesday, June 20th. The stock now has a consensus rating of "Buy" and an average price target of $35.00. Including today's unusual volume, EigerBioPharmaceuticals, Inc.'s stock is performing at -20.60% on the year. It discovers, develops and seeks to commercialize therapeutic antibodies. Needham maintained the shares of ALDR in report on Thursday, June 8 with "Buy" rating. Aegis restated a "buy" rating and set a $41.00 price objective on shares of Alder BioPharmaceuticals in a research report on Wednesday, July 5th. Jefferies Group LLC restated a buy rating and set a $43.00 target price on shares of Alder BioPharmaceuticals in a report on Monday, April 17th. Finally, Oppenheimer Holdings, Inc. set a $34.00 target price on shares of EigerBioPharmaceuticals and gave the stock a buy rating in a report on Saturday, April 8th. Alder Biopharmaceuticals had 19 analyst reports since August 6, 2015 according to SRatingsIntel. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.63 average brokerage recommendation. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of "Buy" and a consensus target price of $27.75. The company's stock had a trading volume of 91,683 shares. EigerBioPharmaceuticals has a 52-week low of $6.10 and a 52-week high of $20.63. The stock has a 50-day moving average of $7.05 and a 200 day moving average of $9.94. This company shares are 208.07% off its target price of $35.89 and the current market capitalization stands at $584.83M. Over the last three months, the shares of the company have changed 8.82% and performed -21.28% over the last six months. On average, equities research analysts expect that EigerBioPharmaceuticals will post ($5.39) EPS for the current fiscal year.
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Several other institutional investors also recently made changes to their positions in ALDR. Fox Run Management L.L.C. purchased a new position in shares of Alder BioPharmaceuticals during the second quarter worth about $402,000. Zero analysts have provided estimates for EigerBioPharmaceuticals' earnings, with the lowest EPS estimate coming in at ($1.51) and the highest estimate coming in at ($0.93). Bank of New York Mellon Corp boosted its position in shares of EigerBioPharmaceuticals by 4.7% in the first quarter. Janus Capital Management LLC now owns 5,167,085 shares of the biopharmaceutical company's stock worth $107,473,000 after buying an additional 230,044 shares during the period. Bank of New York Mellon Corp now owns 13,696 shares of the biotechnology company's stock worth $157,000 after buying an additional 614 shares during the period. Finally, Vanguard Group Inc. raised its stake in EigerBioPharmaceuticals by 1.6% in the first quarter. Alder's lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.
$0.71 EPS Expected for Chemours Co (CC)
Finally, ValuEngine upgraded Chemours Company (The) from a "hold" rating to a "buy" rating in a research note on Friday, June 2nd. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .
Major cyber attack could cost global economies £40 billion
The WannaCry ransomware attack that spread across the globe back in May is estimated to have had an economic impact of $8 billion. Where people are involved, risk changes quite rapidly, Maynard said, from cyberattacks to terrorism and political risk.
Auto racing roundup: Newgarden triumphs in Toronto
Schmidt Peterson Motorsports made a driver change this week, removing Mikhail Aleshin from the No. 7 Lucas Oil Honda. In 2015, he was the test and reserve driver at Scuderia Ferrari and then drove a year ago for the new Haas F1 team.