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NASDAQ:CHRSCoherus Biosciences Stock Price, Forecast & News

$16.96
-0.13 (-0.76 %)
(As of 05/26/2020 04:00 PM ET)
Add
Compare
Today's Range
$16.90
Now: $16.96
$17.72
50-Day Range
$14.43
MA: $16.51
$17.68
52-Week Range
$10.86
Now: $16.96
$23.91
Volume1.36 million shs
Average Volume1.38 million shs
Market Capitalization$1.20 billion
P/E Ratio8.65
Dividend YieldN/A
Beta2.05
Coherus BioSciences, Inc., a commercial-stage biotherapeutics company, focuses on the biosimilar market worldwide. It markets UDENYCA, a long-acting granulocyte-colony stimulating factor, which stimulates production of granulocytes in order to promote the body's ability to fight infections. The company sells UDENYCA in the United States. Its clinical-stage product candidates include immunology, anti-tumor necrosis factor biosimilar candidates, CHS-1420 for adalimumab and CHS-0214 for etanercept, which has completed Phase III clinical programs; ophthalmology biosimilar candidates, CHS-3351 for ranibizumab and CHS-2020 for aflibercept that is in preclinical development; and CHS-131, small molecule therapeutic candidate and other metabolic conditions. Coherus BioSciences, Inc. has collaboration and license agreements with Daiichi Sankyo Company, Limited; Baxalta Incorporated; Baxalta US Inc.; Baxalta GmbH; and Selexis SA. The company was formerly known as BioGenerics, Inc. and changed its name to Coherus BioSciences, Inc. in April 2012. Coherus BioSciences, Inc. was founded in 2010 and is headquartered in Redwood City, California.
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Coherus Biosciences logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CHRS
CUSIPN/A
Phone650-649-3530

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$356.07 million
Cash Flow$1.32 per share
Book Value$1.50 per share

Profitability

Net Income$89.83 million

Miscellaneous

Employees232
Market Cap$1.20 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Coherus Biosciences (NASDAQ:CHRS) Frequently Asked Questions

How has Coherus Biosciences' stock been impacted by COVID-19 (Coronavirus)?

Coherus Biosciences' stock was trading at $15.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CHRS shares have increased by 6.9% and is now trading at $16.96. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Coherus Biosciences?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coherus Biosciences in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Coherus Biosciences.

When is Coherus Biosciences' next earnings date?

Coherus Biosciences is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Coherus Biosciences.

How were Coherus Biosciences' earnings last quarter?

Coherus Biosciences Inc (NASDAQ:CHRS) announced its quarterly earnings data on Thursday, May, 7th. The biotechnology company reported $0.54 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.10. The biotechnology company earned $116.18 million during the quarter, compared to analysts' expectations of $116.25 million. Coherus Biosciences had a return on equity of 190.82% and a net margin of 33.42%. View Coherus Biosciences' earnings history.

What guidance has Coherus Biosciences issued on next quarter's earnings?

Coherus Biosciences updated its first quarter 2020 Pre-Market earnings guidance on Monday, April, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $115-117.5 million, compared to the consensus revenue estimate of $118.85 million.

What price target have analysts set for CHRS?

8 brokers have issued 12-month target prices for Coherus Biosciences' stock. Their forecasts range from $26.00 to $43.00. On average, they expect Coherus Biosciences' share price to reach $32.00 in the next twelve months. This suggests a possible upside of 88.7% from the stock's current price. View analysts' price targets for Coherus Biosciences.

Has Coherus Biosciences been receiving favorable news coverage?

Media coverage about CHRS stock has trended negative on Tuesday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Coherus Biosciences earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned headlines about the biotechnology company a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutCoherus Biosciences.

Are investors shorting Coherus Biosciences?

Coherus Biosciences saw a increase in short interest in May. As of May 15th, there was short interest totaling 13,510,000 shares, an increase of 26.7% from the April 30th total of 10,660,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 8.9 days. Approximately 20.9% of the shares of the company are short sold. View Coherus Biosciences' Current Options Chain.

Who are some of Coherus Biosciences' key competitors?

What other stocks do shareholders of Coherus Biosciences own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Coherus Biosciences investors own include Chembio Diagnostics (CEMI), Halozyme Therapeutics (HALO), Exelixis (EXEL), Intelsat (I), Bank of America (BAC), Heron Therapeutics (HRTX), Immunomedics (IMMU), Gilead Sciences (GILD), Iovance Biotherapeutics (IOVA) and Pfizer (PFE).

Who are Coherus Biosciences' key executives?

Coherus Biosciences' management team includes the following people:
  • Mr. Dennis M. Lanfear, Chairman, Pres & CEO (Age 64)
  • Dr. Jean-Frédéric Viret, Chief Financial Officer (Age 53)
  • Dr. Peter K. Watler, Chief Technical Officer (Age 57)
  • Dr. V. Bryan Lawlis Jr., Science Director, Director & Member of Supervisory Board (Age 67)
  • Mr. Vincent R. Anicetti, Chief Operating Officer (Age 64)

What is Coherus Biosciences' stock symbol?

Coherus Biosciences trades on the NASDAQ under the ticker symbol "CHRS."

Who are Coherus Biosciences' major shareholders?

Coherus Biosciences' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.69%), JPMorgan Chase & Co. (5.82%), State Street Corp (4.94%), Alliancebernstein L.P. (4.55%), Kohlberg Kravis Roberts & Co. L.P. (4.28%) and Wellington Management Group LLP (3.26%). Company insiders that own Coherus Biosciences stock include Barbara K Finck, Dennis M Lanfear, James Healy, Jean-Frederic Viret and Vincent R Anicetti. View institutional ownership trends for Coherus Biosciences.

Which major investors are selling Coherus Biosciences stock?

CHRS stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Nuveen Asset Management LLC, Two Sigma Investments LP, Rice Hall James & Associates LLC, Ghost Tree Capital LLC, Morgan Stanley, BlackRock Inc., and Chicago Equity Partners LLC. Company insiders that have sold Coherus Biosciences company stock in the last year include Dennis M Lanfear, James Healy, Jean-Frederic Viret, and Vincent R Anicetti. View insider buying and selling activity for Coherus Biosciences.

Which major investors are buying Coherus Biosciences stock?

CHRS stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., JPMorgan Chase & Co., Invesco Ltd., NWQ Investment Management Company LLC, Schroder Investment Management Group, Tang Capital Management LLC, Acadian Asset Management LLC, and FDx Advisors Inc.. View insider buying and selling activity for Coherus Biosciences.

How do I buy shares of Coherus Biosciences?

Shares of CHRS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Coherus Biosciences' stock price today?

One share of CHRS stock can currently be purchased for approximately $16.96.

How big of a company is Coherus Biosciences?

Coherus Biosciences has a market capitalization of $1.20 billion and generates $356.07 million in revenue each year. The biotechnology company earns $89.83 million in net income (profit) each year or $1.23 on an earnings per share basis. Coherus Biosciences employs 232 workers across the globe.

What is Coherus Biosciences' official website?

The official website for Coherus Biosciences is www.coherus.com.

How can I contact Coherus Biosciences?

Coherus Biosciences' mailing address is 333 TWIN DOLPHIN DRIVE SUITE 600, REDWOOD CITY CA, 94065. The biotechnology company can be reached via phone at 650-649-3530 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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