Albireo Pharma (ALBO) Raised to Buy at Zacks Investment Research

Albireo Pharma (NASDAQ:ALBO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, January 8th. The firm currently has a $33.00 price target on the biopharmaceutical company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.02% from the company’s previous close.

According to Zacks, “Albireo Pharma, Inc. is a biopharmaceutical company. It focused on the development of novel bile acid modulators to treat orphan pediatric liver diseases and other liver and gastrointestinal diseases and disorders. Albireo Pharma Inc., formerly known as BIODEL INC., is based in Boston, United States. “

Several other analysts have also recently commented on ALBO. Wedbush restated a “buy” rating on shares of Albireo Pharma in a report on Wednesday, January 3rd. Cowen reaffirmed a “buy” rating on shares of Albireo Pharma in a research note on Friday, November 17th. Roth Capital assumed coverage on Albireo Pharma in a research note on Wednesday, November 15th. They set a “buy” rating and a $92.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Albireo Pharma in a research note on Thursday, October 26th. Finally, ValuEngine lowered Albireo Pharma from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Albireo Pharma has a consensus rating of “Buy” and an average price target of $54.50.

Shares of Albireo Pharma (ALBO) traded down $0.67 during trading on Monday, hitting $29.46. The stock had a trading volume of 19,600 shares, compared to its average volume of 31,322. Albireo Pharma has a fifty-two week low of $15.31 and a fifty-two week high of $30.80. The firm has a market cap of $262.18, a price-to-earnings ratio of 13.58 and a beta of 1.43.

Albireo Pharma (NASDAQ:ALBO) last issued its quarterly earnings results on Tuesday, November 14th. The biopharmaceutical company reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.12. sell-side analysts predict that Albireo Pharma will post -3.42 EPS for the current fiscal year.

In other news, major shareholder Plc Astrazeneca sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.40, for a total value of $10,700,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.30% of the stock is owned by company insiders.

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Albireo Pharma Company Profile

Biodel Inc is a specialty biopharmaceutical company. The Company focuses on the development and commercialization of treatments for diabetes. The Company is engaged in developing product candidates by applying its formulation technologies to existing drugs. The Company is engaged in developing room temperature stable glucagon presentations for use as a rescue treatment for diabetes patients experiencing severe hypoglycemia.

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Analyst Recommendations for Albireo Pharma (NASDAQ:ALBO)

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