Alder Biopharmaceuticals (ALDR) Trading 7.9% Higher
Alder Biopharmaceuticals Inc (NASDAQ:ALDR)’s share price traded up 7.9% during mid-day trading on Wednesday . The stock traded as high as $14.50 and last traded at $14.35. 2,481,026 shares traded hands during trading, an increase of 19% from the average session volume of 2,089,327 shares. The stock had previously closed at $13.30.
Several equities analysts recently issued reports on the company. Canaccord Genuity set a $22.00 price objective on Alder Biopharmaceuticals and gave the stock a “buy” rating in a report on Friday, January 12th. Zacks Investment Research cut Alder Biopharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. BMO Capital Markets lifted their price objective on Alder Biopharmaceuticals to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Mizuho reaffirmed a “buy” rating and set a $29.00 price objective (down from $32.00) on shares of Alder Biopharmaceuticals in a report on Tuesday, January 9th. Finally, ValuEngine cut Alder Biopharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.93.
The stock has a market capitalization of $971.69, a price-to-earnings ratio of -2.67 and a beta of 2.60.
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Alder Biopharmaceuticals Company Profile
Alder BioPharmaceuticals, Inc, is a clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize genetically engineered therapeutic antibodies with the potential to meaningfully transform current treatment paradigms. Alder’s lead pivotal-stage product candidate, eptinezumab, is being evaluated for migraine prevention.
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