Shares of Menlo Therapeutics (NASDAQ:MNLO) have been given a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $46.25 for the company and are expecting that the company will post ($0.68) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Menlo Therapeutics an industry rank of 183 out of 265 based on the ratings given to related companies.
MNLO has been the subject of a number of research reports. JMP Securities initiated coverage on Menlo Therapeutics in a report on Tuesday, February 20th. They set an “outperform” rating and a $44.00 target price for the company. Guggenheim initiated coverage on Menlo Therapeutics in a report on Monday, February 19th. They set a “buy” rating and a $52.00 target price for the company. Jefferies Group initiated coverage on Menlo Therapeutics in a report on Tuesday, February 20th. They set a “buy” rating and a $41.00 target price for the company. Finally, Piper Jaffray initiated coverage on Menlo Therapeutics in a report on Tuesday, February 20th. They set an “overweight” rating and a $48.00 target price for the company.
Menlo Therapeutics stock opened at $35.22 on Friday. Menlo Therapeutics has a 52 week low of $20.50 and a 52 week high of $39.86. The stock has a market cap of $809.29 and a P/E ratio of -6.19.
Menlo Therapeutics (NASDAQ:MNLO) last released its earnings results on Wednesday, March 28th. The company reported ($1.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($1.11). The company had revenue of $2.78 million during the quarter. analysts expect that Menlo Therapeutics will post -3.19 EPS for the current fiscal year.
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About Menlo Therapeutics
Menlo Therapeutics Inc, a biopharmaceutical company, focuses on the development and commercialization of serlopitant for the treatment of pruritus associated with dermatologic conditions in the United States. The company has completed Phase II clinical trials in pruritus associated with prurigo nodularis.
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