Amicus Therapeutics Inc. (FOLD) Receives $12.88 Consensus Target Price from Brokerages
Shares of Amicus Therapeutics Inc. (NASDAQ:FOLD) have received an average rating of “Buy” from the nine brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.88.
Several analysts recently weighed in on FOLD shares. Zacks Investment Research cut shares of Amicus Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Chardan Capital set a $15.00 target price on shares of Amicus Therapeutics and gave the company a “buy” rating in a report on Thursday, August 11th. Leerink Swann restated a “buy” rating and issued a $17.00 target price on shares of Amicus Therapeutics in a report on Tuesday, November 8th. Finally, Cowen and Company restated an “outperform” rating and issued a $15.00 target price on shares of Amicus Therapeutics in a report on Tuesday, November 8th.
Amicus Therapeutics (NASDAQ:FOLD) opened at 8.90 on Friday. The stock has a 50 day moving average price of $7.81 and a 200 day moving average price of $6.95. Amicus Therapeutics has a one year low of $4.98 and a one year high of $11.78. The company’s market cap is $1.27 billion.
Amicus Therapeutics (NASDAQ:FOLD) last issued its quarterly earnings data on Monday, November 7th. The biopharmaceutical company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.01. The business earned $2.10 million during the quarter, compared to the consensus estimate of $1.71 million. On average, equities analysts anticipate that Amicus Therapeutics will post ($1.38) EPS for the current fiscal year.
In other Amicus Therapeutics news, insider Hung Do sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $7.00, for a total value of $175,000.00. Following the completion of the sale, the insider now directly owns 583,453 shares of the company’s stock, valued at approximately $4,084,171. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daphne Quimi sold 8,546 shares of the company’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $8.00, for a total transaction of $68,368.00. Following the completion of the sale, the senior vice president now directly owns 24,189 shares of the company’s stock, valued at $193,512. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
A number of large investors have recently modified their holdings of FOLD. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Amicus Therapeutics during the second quarter worth about $108,000. Principal Financial Group Inc. increased its stake in shares of Amicus Therapeutics by 10.5% in the second quarter. Principal Financial Group Inc. now owns 22,411 shares of the biopharmaceutical company’s stock worth $122,000 after buying an additional 2,122 shares during the last quarter. BlackRock Inc. increased its stake in shares of Amicus Therapeutics by 224.8% in the second quarter. BlackRock Inc. now owns 26,443 shares of the biopharmaceutical company’s stock worth $144,000 after buying an additional 18,301 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Amicus Therapeutics during the third quarter worth about $151,000. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Amicus Therapeutics by 36.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 55,248 shares of the biopharmaceutical company’s stock worth $302,000 after buying an additional 14,810 shares during the last quarter.
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Amicus Therapeutics Company Profile
Amicus Therapeutics, Inc is a biopharmaceutical company. The Company is focused on the discovery and development of therapies to treat a range of rare and orphan diseases. Its lead product candidate, migalastat HCl (Galafold), is an orally administered small molecule pharmacological chaperone for the treatment of Fabry disease, which is a type of lysosomal storage disorder (LSD).
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