Ra Pharmaceuticals (NASDAQ:RARX) had its target price reduced by Credit Suisse Group from $16.00 to $14.00 in a report issued on Tuesday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 115.38% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Ra Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine cut shares of Ra Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 target price on shares of Ra Pharmaceuticals in a report on Tuesday, December 5th. Finally, BMO Capital Markets upped their target price on shares of Ra Pharmaceuticals in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.10.

Shares of Ra Pharmaceuticals (RARX) opened at $6.50 on Tuesday. Ra Pharmaceuticals has a 52-week low of $5.80 and a 52-week high of $27.84. The company has a market cap of $144.81, a PE ratio of -2.65 and a beta of 2.15.

Several hedge funds have recently modified their holdings of RARX. Paloma Partners Management Co bought a new stake in shares of Ra Pharmaceuticals in the 4th quarter valued at about $154,000. Two Sigma Investments LP bought a new stake in shares of Ra Pharmaceuticals in the 4th quarter valued at about $164,000. Alliancebernstein L.P. bought a new stake in shares of Ra Pharmaceuticals in the 2nd quarter valued at about $195,000. The Manufacturers Life Insurance Company raised its holdings in shares of Ra Pharmaceuticals by 30.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,860 shares of the company’s stock valued at $204,000 after purchasing an additional 2,543 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Ra Pharmaceuticals by 76.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 28,937 shares of the company’s stock valued at $246,000 after purchasing an additional 12,516 shares during the period. 69.60% of the stock is currently owned by institutional investors.

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Ra Pharmaceuticals Company Profile

Ra Pharmaceuticals, Inc is a United States-based clinical-stage biopharmaceutical company. The Company focuses on the development of therapeutics for diseases of complement dysregulation and a range of orphan indications. It utilizes small molecules and peptide approaches to address pathological targets in the complement cascade.

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