HUTCHISON CHINA/S (NASDAQ:HCM) Lifted to Strong-Buy at BidaskClub

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BidaskClub upgraded shares of HUTCHISON CHINA/S (NASDAQ:HCM) from a buy rating to a strong-buy rating in a research report report published on Saturday morning, BidAskClub reports.

Several other brokerages have also issued reports on HCM. ValuEngine raised shares of HUTCHISON CHINA/S from a hold rating to a buy rating in a research note on Thursday, August 1st. Macquarie assumed coverage on shares of HUTCHISON CHINA/S in a research note on Friday, July 5th. They issued an outperform rating on the stock. Finally, Zacks Investment Research raised shares of HUTCHISON CHINA/S from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Wednesday, July 10th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. HUTCHISON CHINA/S presently has an average rating of Buy and a consensus target price of $25.41.

Shares of NASDAQ HCM opened at $19.81 on Friday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -34.75 and a beta of 0.70. The company has a quick ratio of 4.19, a current ratio of 4.33 and a debt-to-equity ratio of 0.06. HUTCHISON CHINA/S has a 1 year low of $19.37 and a 1 year high of $39.68. The company has a 50-day simple moving average of $22.98.

A number of institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its stake in HUTCHISON CHINA/S by 1.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 28,500 shares of the company’s stock worth $840,000 after acquiring an additional 530 shares during the last quarter. Aviva PLC boosted its stake in HUTCHISON CHINA/S by 4.5% during the 2nd quarter. Aviva PLC now owns 16,300 shares of the company’s stock worth $359,000 after acquiring an additional 700 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in HUTCHISON CHINA/S by 748.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,146 shares of the company’s stock worth $36,000 after acquiring an additional 1,011 shares during the last quarter. Krane Funds Advisors LLC boosted its stake in HUTCHISON CHINA/S by 6.4% during the 1st quarter. Krane Funds Advisors LLC now owns 18,414 shares of the company’s stock worth $563,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in HUTCHISON CHINA/S during the 4th quarter worth approximately $46,000. 21.63% of the stock is currently owned by institutional investors and hedge funds.

HUTCHISON CHINA/S Company Profile

Hutchison China MediTech Limited, a commercial-stage biopharmaceutical company, engages in discovery, development, and commercialization of targeted therapeutics and immunotherapies for oncology and immunological diseases in the People's Republic of China and Hong Kong. The company operates through Innovation Platform and Commercial Platform segments.

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