Published On: Sat, Sep 10th, 2016

Raptor Pharmaceutical Corp. (RPTP) Receives Hold Rating from FBR & Co

Raptor Pharmaceutical Corp. (NASDAQ:RPTP)‘s stock had its “hold” rating reissued by FBR & Co in a note issued to investors on Thursday.
Several other equities analysts have also recently issued reports on the stock. Cowen and Company restated a “buy” rating and issued a $8.00 price target on shares of Raptor Pharmaceutical Corp. in a research report on Friday, August 19th. Zacks Investment Research upgraded shares of Raptor Pharmaceutical Corp. from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Thursday, August 11th. Finally, Citigroup Inc. cut shares of Raptor Pharmaceutical Corp. from a “buy” rating to a “neutral” rating and upped their price target for the company from $6.00 to $8.00 in a research report on Monday, August 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Raptor Pharmaceutical Corp. currently has an average rating of “Hold” and a consensus target price of $7.79.
Raptor Pharmaceutical Corp. (NASDAQ:RPTP) traded down 2.23% during midday trading on Thursday, reaching $7.45. 752,596 shares of the company traded hands. Raptor Pharmaceutical Corp. has a 12-month low of $2.94 and a 12-month high of $9.06. The company has a 50 day moving average of $6.82 and a 200-day moving average of $5.42. The stock’s market capitalization is $635.53 million.

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Raptor Pharmaceutical Corp. (NASDAQ:RPTP) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.02. The business earned $32.05 million during the quarter, compared to analysts’ expectations of $28.52 million. Raptor Pharmaceutical Corp. had a negative net margin of 79.29% and a negative return on equity of 66.67%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) EPS. Equities analysts anticipate that Raptor Pharmaceutical Corp. will post ($0.91) EPS for the current fiscal year.
A number of hedge funds and institutional investors recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Raptor Pharmaceutical Corp. during the first quarter valued at about $771,000. Quantitative Systematic Strategies LLC bought a new position in shares of Raptor Pharmaceutical Corp. during the second quarter valued at about $495,000. Renaissance Technologies LLC raised its position in shares of Raptor Pharmaceutical Corp. by 7.5% in the first quarter. Renaissance Technologies LLC now owns 572,946 shares of the company’s stock valued at $2,636,000 after buying an additional 40,066 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Raptor Pharmaceutical Corp. by 7.0% in the first quarter. Geode Capital Management LLC now owns 573,082 shares of the company’s stock valued at $2,636,000 after buying an additional 37,740 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Raptor Pharmaceutical Corp. by 45.0% in the first quarter. Squarepoint Ops LLC now owns 65,400 shares of the company’s stock valued at $301,000 after buying an additional 20,300 shares in the last quarter. 55.07% of the stock is currently owned by institutional investors and hedge funds.
About Raptor Pharmaceutical Corp.
Raptor Pharmaceutical Corp. (Raptor) is a biopharmaceutical company. The Company is focused on developing and commercializing transformative treatments for people affected by diseases. Its product, PROCYSBI (cysteamine bitartrate) is a delayed-release capsules for the management of nephropathic cystinosis in adults and children of over six years.

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