Calyxt (CLXT) Stock Rating Lowered by ValuEngine
ValuEngine cut shares of Calyxt (NASDAQ:CLXT) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Calyxt from a sell rating to a hold rating in a research report on Tuesday, November 28th. Ladenburg Thalmann Financial Services began coverage on shares of Calyxt in a research report on Wednesday, December 20th. They issued a buy rating and a $34.25 target price on the stock. Jefferies Group reissued a buy rating and issued a $27.00 target price on shares of Calyxt in a research report on Thursday, March 1st. Finally, Citigroup dropped their target price on shares of Calyxt from $27.00 to $22.00 and set a neutral rating on the stock in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $29.05.
Calyxt (NASDAQ:CLXT) opened at $19.35 on Wednesday. The company has a current ratio of 12.41, a quick ratio of 12.41 and a debt-to-equity ratio of 0.13. Calyxt has a 1 year low of $9.26 and a 1 year high of $31.89.
Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Calyxt during the fourth quarter worth approximately $330,000. Deutsche Bank AG boosted its holdings in shares of Calyxt by 151.3% during the fourth quarter. Deutsche Bank AG now owns 18,378 shares of the company’s stock worth $404,000 after purchasing an additional 11,064 shares during the period. BlackRock Inc. boosted its holdings in shares of Calyxt by 102.8% during the fourth quarter. BlackRock Inc. now owns 740,010 shares of the company’s stock worth $16,302,000 after purchasing an additional 375,137 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Calyxt by 1,421.9% during the fourth quarter. Wells Fargo & Company MN now owns 30,788 shares of the company’s stock worth $678,000 after purchasing an additional 28,765 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in shares of Calyxt during the third quarter worth approximately $323,000. Institutional investors and hedge funds own 22.32% of the company’s stock.
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Calyxt, Inc is a food and agriculture company. The Company is focused on delivering healthier specialty food ingredients, such as healthier oils and high fiber wheat, for consumers and agriculturally advantageous crop traits, such as herbicide tolerance to farmers. The Company also combines gene-editing technology and technical that enables to edit a plant genome to elicit the desired traits and characteristics.
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