Credit Suisse Group Reiterates “Neutral” Rating for Bioverativ (BIVV)

Bioverativ (NASDAQ:BIVV)‘s stock had its “neutral” rating reiterated by investment analysts at Credit Suisse Group in a report issued on Thursday. They currently have a $65.00 price target on the biotechnology company’s stock. Credit Suisse Group’s price target indicates a potential upside of 4.30% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Jefferies Group increased their price target on shares of Bioverativ to $79.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Bioverativ from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Deutsche Bank set a $53.00 price target on shares of Bioverativ and gave the company a “hold” rating in a research note on Monday, November 20th. Morgan Stanley reissued an “underweight” rating and set a $47.00 price target (up from $45.00) on shares of Bioverativ in a research note on Friday, October 6th. Finally, Argus raised shares of Bioverativ from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.93.

Bioverativ (BIVV) traded down $1.55 on Thursday, hitting $62.32. 939,200 shares of the stock traded hands, compared to its average volume of 1,032,973. Bioverativ has a twelve month low of $40.99 and a twelve month high of $65.09.

Bioverativ (NASDAQ:BIVV) last released its quarterly earnings results on Thursday, October 26th. The biotechnology company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.25. Bioverativ had a net margin of 40.44% and a return on equity of 69.03%. The business had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $285.45 million. Bioverativ’s revenue for the quarter was up 27.2% compared to the same quarter last year. analysts anticipate that Bioverativ will post 2.69 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new position in Bioverativ in the third quarter valued at approximately $137,000. TCI Wealth Advisors Inc. acquired a new position in Bioverativ in the third quarter valued at approximately $186,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Bioverativ in the third quarter valued at approximately $190,000. Canada Pension Plan Investment Board acquired a new position in Bioverativ in the third quarter valued at approximately $194,000. Finally, ACG Wealth acquired a new position in Bioverativ in the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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Bioverativ Company Profile

Bioverativ Inc (Bioverativ) is a biotechnology company. The Company is focused on the discovery, research, development and commercialization of therapies for the treatment of hemophilia and other blood disorders. It markets approximately two products, including ELOCTATE [Antihemophilic Factor (Recombinant), Fc Fusion Protein], and ALPROLIX [Coagulation Factor IX (Recombinant), Fc Fusion Protein], extended half-life clotting-factor therapies for the treatment of hemophilia A and hemophilia B, respectively.

Analyst Recommendations for Bioverativ (NASDAQ:BIVV)

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