Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a research note issued to investors on Wednesday, November 1st. They currently have a $112.00 price target on the biopharmaceutical company’s stock. Cowen and Company’s price objective would indicate a potential upside of 84.39% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Intercept Pharmaceuticals in a report on Wednesday, September 13th. Jefferies Group LLC started coverage on shares of Intercept Pharmaceuticals in a report on Monday, July 10th. They set a “buy” rating and a $275.00 price objective on the stock. Cantor Fitzgerald reiterated an “underweight” rating and set a $69.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Bank of America Corporation decreased their price target on Intercept Pharmaceuticals from $102.00 to $73.00 and set an “underperform” rating on the stock in a research report on Friday, October 13th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $332.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $144.41.
Intercept Pharmaceuticals (ICPT) opened at $60.74 on Wednesday. The company has a current ratio of 5.95, a quick ratio of 5.95 and a debt-to-equity ratio of 3.15. Intercept Pharmaceuticals has a fifty-two week low of $54.98 and a fifty-two week high of $135.59.
WARNING: “Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) Receives “Buy” Rating from Cowen and Company” was originally published by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://baseballnewssource.com/markets/intercept-pharmaceuticals-icpt-buy-rating-reaffirmed-at-cowen-and-company/1749327.html.
In related news, insider Lisa Bright sold 253 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $111.31, for a total value of $28,161.43. Following the completion of the sale, the insider now owns 23,324 shares of the company’s stock, valued at $2,596,194.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO David Shapiro sold 1,250 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $117.43, for a total value of $146,787.50. Following the completion of the transaction, the chief marketing officer now owns 45,812 shares of the company’s stock, valued at approximately $5,379,703.16. The disclosure for this sale can be found here. Insiders sold 4,069 shares of company stock valued at $325,974 in the last ninety days. 4.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Senvest Management LLC bought a new position in shares of Intercept Pharmaceuticals during the third quarter valued at $33,883,000. Balyasny Asset Management LLC bought a new position in shares of Intercept Pharmaceuticals during the second quarter valued at $13,766,000. Vanguard Group Inc. increased its holdings in shares of Intercept Pharmaceuticals by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,328,133 shares of the biopharmaceutical company’s stock valued at $160,797,000 after acquiring an additional 57,149 shares in the last quarter. State Street Corp increased its holdings in shares of Intercept Pharmaceuticals by 7.3% during the first quarter. State Street Corp now owns 805,550 shares of the biopharmaceutical company’s stock valued at $91,110,000 after acquiring an additional 54,523 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Intercept Pharmaceuticals by 17.0% during the second quarter. First Trust Advisors LP now owns 287,411 shares of the biopharmaceutical company’s stock valued at $34,797,000 after acquiring an additional 41,856 shares in the last quarter. Institutional investors and hedge funds own 76.62% of the company’s stock.
About Intercept Pharmaceuticals
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
Receive News & Ratings for Intercept Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercept Pharmaceuticals Inc. and related companies with our FREE daily email newsletter.