Analysts at Stifel Nicolaus started coverage on shares of Amicus Therapeutics (NASDAQ:FOLD) in a report released on Monday, Benzinga reports. The brokerage set a "hold" rating and a $13.00 price target on the biopharmaceutical company's stock. Stifel Nicolaus' price target suggests a potential upside of 24.05% from the company's current price.
Several other equities analysts also recently issued reports on FOLD. Robert W. Baird reaffirmed a "buy" rating on shares of Amicus Therapeutics in a research note on Wednesday, March 3rd. Citigroup dropped their price target on shares of Amicus Therapeutics from $27.00 to $16.00 in a research note on Friday, February 12th. Cantor Fitzgerald cut shares of Amicus Therapeutics from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $17.00 in a research report on Friday, February 12th. JPMorgan Chase & Co. cut shares of Amicus Therapeutics from an "overweight" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research report on Friday, February 12th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Amicus Therapeutics from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $20.00 to $27.00 in a research report on Thursday, December 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and an average price target of $19.89.
Shares of NASDAQ:FOLD opened at $10.48 on Monday. The firm has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $18.31. The company has a market cap of $2.77 billion, a price-to-earnings ratio of -9.11 and a beta of 1.57. Amicus Therapeutics has a one year low of $6.25 and a one year high of $25.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.24 and a quick ratio of 5.10.
Amicus Therapeutics (NASDAQ:FOLD) last released its quarterly earnings results on Sunday, February 28th. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.23) by ($0.04). Amicus Therapeutics had a negative net margin of 120.18% and a negative return on equity of 73.81%. As a group, analysts expect that Amicus Therapeutics will post -1.03 EPS for the current year.
In other Amicus Therapeutics news, insider Hung Do sold 111,125 shares of the firm's stock in a transaction on Monday, December 14th. The shares were sold at an average price of $23.88, for a total value of $2,653,665.00. Following the transaction, the insider now directly owns 409,682 shares of the company's stock, valued at $9,783,206.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John F. Crowley sold 50,000 shares of the firm's stock in a transaction on Wednesday, January 20th. The shares were sold at an average price of $21.51, for a total transaction of $1,075,500.00. Following the completion of the transaction, the chief executive officer now directly owns 940,996 shares in the company, valued at $20,240,823.96. The disclosure for this sale can be found here. Insiders sold 228,139 shares of company stock worth $5,264,285 over the last ninety days. Insiders own 2.50% of the company's stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FOLD. Lone Pine Capital LLC bought a new position in shares of Amicus Therapeutics during the fourth quarter valued at about $154,213,000. Morgan Stanley lifted its position in shares of Amicus Therapeutics by 33.2% during the third quarter. Morgan Stanley now owns 11,113,785 shares of the biopharmaceutical company's stock valued at $156,926,000 after purchasing an additional 2,768,405 shares in the last quarter. Norges Bank bought a new position in shares of Amicus Therapeutics during the fourth quarter valued at about $63,431,000. Canada Pension Plan Investment Board lifted its position in shares of Amicus Therapeutics by 2,528.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,350,610 shares of the biopharmaceutical company's stock valued at $31,186,000 after purchasing an additional 1,299,220 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Amicus Therapeutics by 418.2% during the third quarter. UBS Asset Management Americas Inc. now owns 1,505,578 shares of the biopharmaceutical company's stock valued at $21,259,000 after purchasing an additional 1,215,044 shares in the last quarter.
About Amicus Therapeutics
Amicus Therapeutics, Inc, a biotechnology company, engages in the discovery, development, and commercialization of therapies to treat a range of rare and orphan diseases. The company offers Galafold, an orally administered small molecule pharmacological chaperone for the treatment of Fabry disease. It is also conducting Phase 3 (ATB200-03) clinical study of AT-GAA for Pompe disease.
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