Shares of Calyxt (NASDAQ:CLXT) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $29.05.
Several brokerages have recently weighed in on CLXT. Zacks Investment Research cut shares of Calyxt from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. ValuEngine raised shares of Calyxt from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Jefferies Group reaffirmed a “buy” rating and issued a $27.00 target price on shares of Calyxt in a research report on Thursday, March 22nd. Finally, Ladenburg Thalmann Financial Services started coverage on shares of Calyxt in a research report on Wednesday, December 20th. They issued a “buy” rating and a $34.25 target price on the stock.
Shares of CLXT stock traded down $1.23 on Friday, hitting $14.79. 38,907 shares of the stock traded hands, compared to its average volume of 61,208. The company has a current ratio of 13.52, a quick ratio of 13.52 and a debt-to-equity ratio of 0.18. The stock has a market cap of $432.72 and a price-to-earnings ratio of -13.21. Calyxt has a twelve month low of $9.26 and a twelve month high of $31.89.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. acquired a new stake in shares of Calyxt during the third quarter worth about $358,000. Bank of New York Mellon Corp acquired a new stake in shares of Calyxt during the third quarter worth about $542,000. California State Teachers Retirement System acquired a new stake in shares of Calyxt during the third quarter worth about $323,000. American International Group Inc. acquired a new stake in shares of Calyxt during the third quarter worth about $133,000. Finally, Deutsche Bank AG lifted its position in shares of Calyxt by 151.3% during the fourth quarter. Deutsche Bank AG now owns 18,378 shares of the company’s stock worth $404,000 after purchasing an additional 11,064 shares in the last quarter. 22.06% of the stock is currently owned by institutional investors.
Calyxt, Inc, a consumer-centric food- and agriculture-focused company, develops healthier specialty food ingredients and food crops using gene-editing technology for plants in the United States. It engages in the development of high oleic soybeans, high fiber wheat, herbicide tolerant wheat, powdery mildew resistant wheat, enhanced oil composition and herbicide tolerant canola, enhanced quality and herbicide tolerant alfalfa, late blight resistant potatoes, and cold storable/reduced browning potatoes, as well as enhanced protein composition, drought tolerant, herbicide tolerant, and enhanced yield soybeans.
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