Zacks: CryoPort, Inc. (CYRX) Given $5.33 Average Target Price by Brokerages
Shares of CryoPort, Inc. (NASDAQ:CYRX) have been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. CryoPort’s rating score has declined by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $5.33 for the company and are expecting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned CryoPort an industry rank of 192 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price (up previously from $4.50) on shares of CryoPort in a research note on Monday, June 26th. Cowen and Company assumed coverage on shares of CryoPort in a research note on Friday, June 16th. They issued an “outperform” rating and a $5.50 target price on the stock. Finally, ValuEngine raised shares of CryoPort from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th.
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CryoPort (CYRX) traded down 1.03% during mid-day trading on Thursday, hitting $4.79. 26,115 shares of the company were exchanged. The stock’s market cap is $114.84 million. CryoPort has a 12-month low of $1.63 and a 12-month high of $4.95. The company has a 50 day moving average of $3.91 and a 200 day moving average of $3.27.
CryoPort (NASDAQ:CYRX) last issued its quarterly earnings data on Thursday, May 4th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.04. CryoPort had a negative net margin of 137.99% and a negative return on equity of 104.79%. The firm had revenue of $2.71 million for the quarter, compared to analyst estimates of $2.59 million. On average, equities research analysts expect that CryoPort will post ($0.72) earnings per share for the current fiscal year.
CryoPort Company Profile
Cryoport, Inc (Cryoport) is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The Company provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.
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