Zacks Investment Research upgraded shares of Corvus Pharmaceuticals, Inc. (NASDAQ:CRVS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. Zacks Investment Research currently has $16.00 price objective on the stock.

According to Zacks, “Corvus Pharmaceuticals, Inc. is a biopharmaceutical company. It focuses on the development and commercialization of immuno-oncology therapies to harness the immune system to attack cancer cells. Its products include CPI-444, Adenosine production inhibitor, Adenosine A2B antagonist and Interleukin-2 (IL-2)-inducible T cell kinase (ITK) inhibitors. Corvus Pharmaceuticals, Inc. is based in Burlingame, California. “

Several other equities analysts have also recently issued reports on CRVS. Credit Suisse Group upgraded Corvus Pharmaceuticals from an underperform rating to a neutral rating and set a $14.00 price objective for the company in a research note on Wednesday, August 23rd. Wedbush reissued an outperform rating and set a $26.00 target price on shares of Corvus Pharmaceuticals in a research report on Tuesday, August 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $20.25.

Shares of Corvus Pharmaceuticals (NASDAQ CRVS) traded down $0.13 during midday trading on Tuesday, hitting $12.79. The stock had a trading volume of 29,912 shares, compared to its average volume of 107,786. Corvus Pharmaceuticals has a 1-year low of $8.27 and a 1-year high of $22.14.

Corvus Pharmaceuticals (NASDAQ:CRVS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.62) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.19. research analysts forecast that Corvus Pharmaceuticals will post -2.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Corvus Pharmaceuticals, Inc. (CRVS) Upgraded at Zacks Investment Research” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/10/corvus-pharmaceuticals-inc-crvs-upgraded-at-zacks-investment-research.html.

Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Corvus Pharmaceuticals by 29.3% in the second quarter. Russell Investments Group Ltd. now owns 9,286 shares of the company’s stock valued at $112,000 after purchasing an additional 2,105 shares during the last quarter. New York State Common Retirement Fund increased its stake in Corvus Pharmaceuticals by 2,269.1% during the second quarter. New York State Common Retirement Fund now owns 9,500 shares of the company’s stock worth $115,000 after acquiring an additional 9,099 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Corvus Pharmaceuticals by 43.3% in the first quarter. TIAA CREF Investment Management LLC now owns 7,181 shares of the company’s stock worth $149,000 after buying an additional 2,170 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Corvus Pharmaceuticals in the second quarter worth about $175,000. Finally, California State Teachers Retirement System boosted its position in shares of Corvus Pharmaceuticals by 121.2% in the second quarter. California State Teachers Retirement System now owns 14,967 shares of the company’s stock worth $181,000 after buying an additional 8,200 shares during the period. Institutional investors and hedge funds own 83.62% of the company’s stock.

Corvus Pharmaceuticals Company Profile

Corvus Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of immuno-oncology therapies. The Company is developing drugs and antibodies that block crucial immune checkpoints and reprogram immune T-cells. The Company has a pipeline of four immuno-oncology programs, three of which focus on the adenosine-cancer axis to modulate an immune response.

Get a free copy of the Zacks research report on Corvus Pharmaceuticals (CRVS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Corvus Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corvus Pharmaceuticals Inc. and related stocks with our FREE daily email newsletter.