Royal Bank Of Canada Reiterates Buy Rating for Ra Pharmaceuticals (RARX)

Ra Pharmaceuticals (NASDAQ:RARX)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a research report issued on Tuesday. They presently have a $18.00 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 141.61% from the stock’s current price.

RARX has been the topic of a number of other research reports. Zacks Investment Research upgraded Ra Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Credit Suisse Group increased their target price on Ra Pharmaceuticals from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 10th. BMO Capital Markets increased their target price on Ra Pharmaceuticals in a report on Tuesday. Finally, Jefferies Group reiterated a “buy” rating and set a $25.00 target price on shares of Ra Pharmaceuticals in a report on Thursday, September 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.20.

Shares of Ra Pharmaceuticals (NASDAQ:RARX) opened at $7.45 on Tuesday. Ra Pharmaceuticals has a fifty-two week low of $7.31 and a fifty-two week high of $27.84.

Ra Pharmaceuticals (NASDAQ:RARX) last announced its earnings results on Thursday, November 9th. The company reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.06). analysts expect that Ra Pharmaceuticals will post -2.46 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. boosted its holdings in shares of Ra Pharmaceuticals by 43.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 116,000 shares of the company’s stock worth $1,694,000 after purchasing an additional 35,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ra Pharmaceuticals by 70.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 21,800 shares of the company’s stock worth $409,000 after purchasing an additional 9,000 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Ra Pharmaceuticals by 1,078.4% during the second quarter. Nationwide Fund Advisors now owns 32,842 shares of the company’s stock worth $615,000 after purchasing an additional 30,055 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ra Pharmaceuticals by 33.7% during the second quarter. JPMorgan Chase & Co. now owns 199,900 shares of the company’s stock worth $3,746,000 after purchasing an additional 50,432 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Ra Pharmaceuticals during the third quarter worth $4,664,000. Institutional investors and hedge funds own 69.64% of the company’s stock.

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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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