Roth Capital Initiates Coverage on Conatus Pharmaceuticals (CNAT)
Roth Capital began coverage on shares of Conatus Pharmaceuticals (NASDAQ:CNAT) in a research report released on Thursday, MarketBeat reports. The firm issued a buy rating and a $20.00 target price on the biotechnology company’s stock.
A number of other research firms have also recently commented on CNAT. S&P Equity Research increased their price target on Conatus Pharmaceuticals from $5.02 to $5.69 in a research note on Wednesday, January 24th. Zacks Investment Research cut Conatus Pharmaceuticals from a hold rating to a sell rating in a research note on Monday, January 22nd. Finally, HC Wainwright reiterated a buy rating and issued a $17.00 price target (down from $18.00) on shares of Conatus Pharmaceuticals in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $13.67.
Shares of Conatus Pharmaceuticals (NASDAQ CNAT) opened at $5.06 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.69 and a current ratio of 2.69. The firm has a market capitalization of $151.83, a price-to-earnings ratio of -6.25 and a beta of 1.25. Conatus Pharmaceuticals has a 12 month low of $3.88 and a 12 month high of $9.40.
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Conatus Pharmaceuticals Company Profile
Conatus Pharmaceuticals Inc is a biotechnology company. The Company focuses on the development and commercialization of medicines to treat liver disease. The Company operates through commercialization and development of pharmaceutical products segment. The Company is engaged in developing emricasan, which is an orally active pan-caspase protease inhibitor for the treatment of patients with chronic liver disease.
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