Cara Therapeutics (CARA) Stock Rating Upgraded by ValuEngine
Cara Therapeutics (NASDAQ:CARA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other analysts also recently weighed in on the company. Canaccord Genuity set a $25.00 price objective on Cara Therapeutics and gave the company a “buy” rating in a research report on Monday, November 20th. Scotiabank boosted their price objective on Cara Therapeutics from $31.00 to $31.50 and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Janney Montgomery Scott upgraded Cara Therapeutics from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $27.00 to $21.00 in a research report on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $25.00 price objective on shares of Cara Therapeutics in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 price objective on shares of Cara Therapeutics in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Cara Therapeutics has a consensus rating of “Buy” and an average target price of $25.09.
Shares of Cara Therapeutics (NASDAQ CARA) opened at $14.48 on Tuesday. Cara Therapeutics has a 12-month low of $11.11 and a 12-month high of $28.50. The firm has a market capitalization of $472.17, a P/E ratio of -6.32 and a beta of 3.01.
A number of hedge funds have recently modified their holdings of CARA. Legal & General Group Plc grew its stake in Cara Therapeutics by 10.4% in the second quarter. Legal & General Group Plc now owns 7,167 shares of the biopharmaceutical company’s stock worth $118,000 after purchasing an additional 678 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Cara Therapeutics in the fourth quarter worth $125,000. MANA Advisors LLC purchased a new stake in Cara Therapeutics in the fourth quarter worth $125,000. Courier Capital LLC purchased a new stake in Cara Therapeutics in the fourth quarter worth $147,000. Finally, Fox Run Management L.L.C. purchased a new stake in Cara Therapeutics in the fourth quarter worth $157,000. 58.98% of the stock is currently owned by institutional investors.
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Cara Therapeutics Company Profile
Cara Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is focused on developing and commercializing chemical entities designed to alleviate pain and pruritus by focusing on kappa opioid receptors. It is developing a class of product candidates that target the body’s peripheral nervous system.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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