Ra Pharmaceuticals Inc to Post Q3 2016 Earnings of ($0.47) Per Share, Jefferies Group Forecasts (RARX)
Ra Pharmaceuticals Inc (NASDAQ:RARX) – Analysts at Jefferies Group issued their Q3 2016 EPS estimates for shares of Ra Pharmaceuticals in a research note issued to investors on Monday. Jefferies Group analyst E. Yang expects that the firm will post earnings of ($0.47) per share for the quarter. Jefferies Group has a “Buy” rating and a $25.00 price objective on the stock. Jefferies Group also issued estimates for Ra Pharmaceuticals’ Q4 2016 earnings at ($0.37) EPS, FY2016 earnings at ($1.72) EPS, Q1 2017 earnings at ($0.39) EPS, Q2 2017 earnings at ($0.49) EPS, Q3 2017 earnings at ($0.68) EPS, Q4 2017 earnings at ($0.91) EPS, FY2017 earnings at ($1.97) EPS, FY2018 earnings at ($3.13) EPS, FY2019 earnings at ($0.01) EPS and FY2020 earnings at ($3.82) EPS.
A number of other equities analysts also recently commented on RARX. BMO Capital Markets began coverage on Ra Pharmaceuticals in a research note on Monday. They issued an “outperform” rating and a $26.00 price target for the company. Credit Suisse Group AG began coverage on Ra Pharmaceuticals in a research note on Monday. They issued an “outperform” rating and a $19.00 price target for the company. Finally, SunTrust Banks Inc. began coverage on Ra Pharmaceuticals in a research note on Monday. They issued a “buy” rating and a $32.00 price target for the company.
Shares of Ra Pharmaceuticals (NASDAQ:RARX) traded up 0.577% during trading on Wednesday, hitting $13.075. The stock had a trading volume of 37,715 shares. The firm’s market cap is $7.24 million. The firm’s 50-day moving average is $13.18 and its 200-day moving average is $13.18. Ra Pharmaceuticals has a one year low of $12.33 and a one year high of $14.86.
In related news, major shareholder Harry R. Weller bought 338,462 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was bought at an average cost of $13.00 per share, for a total transaction of $4,400,006.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rajeev M. Shah bought 161,538 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was bought at an average price of $13.00 per share, with a total value of $2,099,994.00. The disclosure for this purchase can be found here.
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Ra Pharmaceuticals Company Profile
Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.
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