Shares of Akcea Therapeutics, Inc. (NASDAQ:AKCA) have received an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $24.00 for the company, according to Zacks. Zacks has also assigned Akcea Therapeutics an industry rank of 110 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on AKCA shares. Zacks Investment Research lowered Akcea Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Cowen and Company reaffirmed a “buy” rating on shares of Akcea Therapeutics in a research report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 target price (up from $19.00) on shares of Akcea Therapeutics in a research report on Tuesday, November 7th. Wells Fargo & Company started coverage on Akcea Therapeutics in a research report on Tuesday, August 8th. They issued an “outperform” rating and a $27.00 target price for the company. Finally, BMO Capital Markets started coverage on Akcea Therapeutics in a research report on Tuesday, August 8th. They issued an “outperform” rating and a $25.00 target price for the company.
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Shares of Akcea Therapeutics (NASDAQ AKCA) traded up $0.26 during trading on Friday, reaching $18.39. The company had a trading volume of 112,500 shares, compared to its average volume of 418,963. Akcea Therapeutics has a twelve month low of $8.10 and a twelve month high of $31.23.
About Akcea Therapeutics
Akcea Therapeutics, Inc is a biopharmaceutical company. The Company is focused on developing and commercializing drugs to treat patients with serious cardiometabolic diseases caused by lipid disorders. The Company’s drugs, volanesorsen, AKCEA-APO(a)-LRx, AKCEA-ANGPTL3-LRx and AKCEA-APOCIII-LRx, are all based on antisense technology developed by Ionis Pharmaceuticals, Inc (Ionis).
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