Brokerages Set Fortress Biotech (FBIO) Target Price at $10.67

Shares of Fortress Biotech (NASDAQ:FBIO) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.67.

Several research analysts recently issued reports on the stock. HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of Fortress Biotech in a research report on Friday, March 16th. ValuEngine raised shares of Fortress Biotech from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. BidaskClub raised shares of Fortress Biotech from a “sell” rating to a “hold” rating in a research report on Sunday, March 11th. B. Riley assumed coverage on shares of Fortress Biotech in a research report on Wednesday, February 28th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Zacks Investment Research lowered shares of Fortress Biotech from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.

How to Become a New Pot Stock Millionaire

Shares of FBIO traded up $0.02 during trading hours on Thursday, reaching $4.37. 179,814 shares of the company traded hands, compared to its average volume of 161,321. The company has a quick ratio of 2.71, a current ratio of 2.72 and a debt-to-equity ratio of 0.44. Fortress Biotech has a 1-year low of $3.13 and a 1-year high of $5.54.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Fortress Biotech by 1.0% during the fourth quarter. BlackRock Inc. now owns 1,787,645 shares of the biopharmaceutical company’s stock worth $7,134,000 after buying an additional 18,384 shares during the last quarter. Strs Ohio grew its stake in Fortress Biotech by 14.3% during the fourth quarter. Strs Ohio now owns 158,700 shares of the biopharmaceutical company’s stock worth $633,000 after buying an additional 19,800 shares during the last quarter. Citadel Advisors LLC bought a new stake in Fortress Biotech during the third quarter worth about $101,000. HighPoint Advisor Group LLC bought a new stake in Fortress Biotech during the fourth quarter worth about $416,000. Finally, State Street Corp grew its stake in Fortress Biotech by 14.8% during the second quarter. State Street Corp now owns 467,711 shares of the biopharmaceutical company’s stock worth $2,222,000 after buying an additional 60,121 shares during the last quarter. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was posted by Zolmax and is the property of of Zolmax. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://zolmax.com/investing/brokerages-set-fortress-biotech-fbio-target-price-at-10-67/2112528.html.

Fortress Biotech Company Profile

Fortress Biotech, Inc develops and commercializes pharmaceutical and biotechnology products. The company develops CNDO-109, a lysate that treats cancer-related and other conditions; tramadol HCl for managing postoperative pain; CAEL-101 for the treatment of amyloid light chain amyloidosis; and CEVA101 for severe traumatic brain injury in children and adults in the United States.

Receive News & Ratings for Fortress Biotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Biotech and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Bradley Martin Buys 10,000 Shares of AGT Food and Ingredients  Stock
Bradley Martin Buys 10,000 Shares of AGT Food and Ingredients Stock
Arnaldo Perez Sells 7,000 Shares of Carnival Corp  Stock
Arnaldo Perez Sells 7,000 Shares of Carnival Corp Stock
Financial Comparison: Federal Agricultural Mortgage  and Federal Home Loan Mortgage
Financial Comparison: Federal Agricultural Mortgage and Federal Home Loan Mortgage
Analyzing Netshoes   and Its Competitors
Analyzing Netshoes and Its Competitors
Coherent  versus Agilent Technologies  Head to Head Comparison
Coherent versus Agilent Technologies Head to Head Comparison
Brokerages Set Fortress Biotech  Target Price at $10.67
Brokerages Set Fortress Biotech Target Price at $10.67


Leave a Reply

 
© 2006-2018 Zolmax.