Royal Bank of Canada Boosts AnaptysBio (ANAB) Price Target to $108.00

AnaptysBio (NASDAQ:ANAB) had its price objective upped by analysts at Royal Bank of Canada to $108.00 in a report issued on Monday, December 18th. The brokerage presently has an “outperform” rating on the biotechnology company’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 3.91% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of AnaptysBio from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, September 13th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price objective (up previously from $37.00) on shares of AnaptysBio in a research report on Friday, October 13th. Jefferies Group assumed coverage on shares of AnaptysBio in a research report on Thursday, November 9th. They set a “buy” rating and a $101.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and set a $35.00 price target on shares of AnaptysBio in a research report on Tuesday, September 12th. Finally, Robert W. Baird set a $69.00 price target on shares of AnaptysBio and gave the stock a “buy” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $88.00.

Shares of AnaptysBio (NASDAQ ANAB) traded up $2.20 during mid-day trading on Monday, hitting $112.40. 285,724 shares of the stock traded hands, compared to its average volume of 369,378. AnaptysBio has a 1-year low of $15.17 and a 1-year high of $114.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 10.77 and a current ratio of 10.77.

AnaptysBio (NASDAQ:ANAB) last posted its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($0.45) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.02. analysts forecast that AnaptysBio will post -1.72 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ANAB. TIAA CREF Investment Management LLC bought a new stake in AnaptysBio in the first quarter valued at $227,000. Geode Capital Management LLC bought a new stake in AnaptysBio in the first quarter valued at $1,522,000. Bank of America Corp DE bought a new stake in shares of AnaptysBio during the first quarter valued at about $123,000. Schwab Charles Investment Management Inc. raised its stake in shares of AnaptysBio by 94.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,402 shares of the biotechnology company’s stock valued at $465,000 after purchasing an additional 9,414 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of AnaptysBio during the second quarter valued at about $436,000. Institutional investors own 75.48% of the company’s stock.

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AnaptysBio Company Profile

AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.

Analyst Recommendations for AnaptysBio (NASDAQ:ANAB)

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