Apellis Pharmaceuticals (APLS) Given Consensus Rating of “Buy” by Analysts

Apellis Pharmaceuticals (NASDAQ:APLS) has been assigned a consensus broker rating score of 1.50 (Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company. Apellis Pharmaceuticals’ rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus price objective of $35.25 for the company and are anticipating that the company will post ($0.27) EPS for the current quarter, according to Zacks. Zacks has also assigned Apellis Pharmaceuticals an industry rank of 178 out of 265 based on the ratings given to its competitors.

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APLS has been the subject of several research analyst reports. B. Riley initiated coverage on shares of Apellis Pharmaceuticals in a research note on Thursday, February 8th. They issued a “buy” rating and a $27.00 price objective for the company. JPMorgan Chase upped their price objective on shares of Apellis Pharmaceuticals from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 23rd. Finally, Zacks Investment Research upgraded shares of Apellis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, March 27th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLS. Jennison Associates LLC acquired a new position in Apellis Pharmaceuticals in the fourth quarter valued at $13,170,000. Quantitative Systematic Strategies LLC acquired a new position in Apellis Pharmaceuticals in the fourth quarter valued at $317,000. NF Trinity Capital Hong Kong Ltd acquired a new position in Apellis Pharmaceuticals in the fourth quarter valued at $7,750,000. Candriam Luxembourg S.C.A. acquired a new position in Apellis Pharmaceuticals in the fourth quarter valued at $2,539,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Apellis Pharmaceuticals in the fourth quarter valued at about $186,000. Institutional investors own 31.26% of the company’s stock.

Shares of APLS stock opened at $26.73 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 27.79 and a quick ratio of 27.79. The firm has a market cap of $1,346.46 and a P/E ratio of -7.28. Apellis Pharmaceuticals has a 12 month low of $12.45 and a 12 month high of $29.34.

Apellis Pharmaceuticals (NASDAQ:APLS) last issued its earnings results on Monday, March 19th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.33). sell-side analysts anticipate that Apellis Pharmaceuticals will post -1.16 earnings per share for the current year.

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Apellis Pharmaceuticals Company Profile

Apellis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapeutic compounds for autoimmune and inflammatory diseases. Its lead product candidate is APL-2 to treat geographic atrophy, wet age-related macular degeneration, paroxysmal nocturnal hemoglobinuria, autoimmune hemolytic anemia, and nephrology.

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