Canaccord Genuity Trims Alder Biopharmaceuticals (ALDR) Target Price to $20.00
Alder Biopharmaceuticals (NASDAQ:ALDR) had its price objective lowered by Canaccord Genuity from $21.00 to $20.00 in a research note issued to investors on Thursday morning. Canaccord Genuity currently has a buy rating on the biopharmaceutical company’s stock.
ALDR has been the subject of a number of other research reports. Cantor Fitzgerald reissued a hold rating and issued a $14.00 price target on shares of Alder Biopharmaceuticals in a report on Tuesday, February 26th. Zacks Investment Research raised Alder Biopharmaceuticals from a hold rating to a buy rating and set a $15.00 price target for the company in a report on Tuesday, February 12th. BidaskClub raised Alder Biopharmaceuticals from a sell rating to a hold rating in a report on Thursday, January 17th. Mizuho reissued a hold rating and issued a $15.00 price target on shares of Alder Biopharmaceuticals in a report on Wednesday, December 12th. Finally, Credit Suisse Group set a $17.00 price target on Alder Biopharmaceuticals and gave the company a hold rating in a report on Thursday, December 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Alder Biopharmaceuticals currently has a consensus rating of Hold and an average target price of $20.75.
Shares of ALDR stock traded down $0.14 during trading hours on Thursday, reaching $13.44. The company had a trading volume of 3,496 shares, compared to its average volume of 1,175,109. The company has a debt-to-equity ratio of 1.66, a quick ratio of 14.87 and a current ratio of 14.87. Alder Biopharmaceuticals has a twelve month low of $9.44 and a twelve month high of $20.87. The firm has a market cap of $930.23 million, a P/E ratio of -2.77 and a beta of 2.80.
Alder Biopharmaceuticals Company Profile
Alder BioPharmaceuticals, Inc operates as a clinical-stage biopharmaceutical company. It discovers, develops, and commercializes therapeutic antibodies to transform the treatment paradigm for patients with migraine and other serious neurological or inflammatory conditions in the United States, Australia, and Ireland.
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