emfizz.com December 15, 2017

Coherus Biosciences Inc (CHRS) Receives $40.50 Average PT from Analysts

19 May 2017, 11:23 | Jan Cross

Coherus Biosciences Inc (CHRS) Receives $40.50 Average PT from Analysts

ABBV Dividend Chart

Heading into the stock price potential, Coherus Biosciences, Inc. needs to grow just 68.07% to cross its median price target of $40. The brokerage now has a buy rating on the biotechnology company's stock.

Other research analysts have also issued research reports about the company. BMO Capital Markets began coverage on Coherus Biosciences in a report on Friday, May 5th. Zacks Investment Research lowered Coherus Biosciences from a "buy" rating to a "hold" rating in a report on Thursday, February 16th. Baird reaffirmed an outperform rating and set a $40.00 price target on shares of Coherus Biosciences in a research note on Wednesday, February 1st. Finally, Maxim Group reaffirmed a "buy" rating and set a $43.00 target price on shares of Coherus Biosciences in a report on Tuesday, March 14th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. BMO Capital Markets now has a $54.00 price objective on the biotechnology company's stock. Shares of Coherus Biosciences (NASDAQ:CHRS) traded down 1.007% on Monday, reaching $22.125. The stock price recently experienced a 5-day gain of 11.21% with 1.19 average true range (ATR). The mean rating score for this stock is at 1.80. For the past month, Coherus Biosciences, Inc.'s stock has been 31.37%, 6.52% for the last quarter, -14.04% for the past six months and 25.71% for the past 52 weeks.

Coherus Biosciences (NASDAQ:CHRS) last announced its quarterly earnings results on Monday, May 8th. Analysts are forecasting earnings of $-1.4 on a per share basis this quarter. The firm had revenue of $0.16 million during the quarter. In our current pick, Coherus Biosciences, Inc. If you are accessing this news story on another website, it was stolen and reposted in violation of USA & worldwide trademark and copyright legislation. The original version of this news story can be read at https://transcriptdaily.com/2017/05/19/coherus-biosciences-inc-chrs-pt-set-at-38-00-by-citigroup-inc.html.

Candriam Luxembourg S.C.A. purchased a new stake in shares of Coherus Biosciences during the third quarter valued at $5,115,000. The stock closing price is now trading upward to its 50 day moving average with change of 14.09%, escalated to its 20 day moving average with figure of 18.17% and behind its 200 day moving average with value -8.59%. Following the transaction, the insider now owns 90,452 shares in the company, valued at $1,875,069.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. The company's stock had a trading volume of 330,948 shares.

Trump slams Comey, once more dismisses Russia probe as "witch hunt"
During his late afternoon press conference in the White House he took a slightly more measured approach. I think he represented Ukraine or people having to do with Ukraine, or people that - whoever.

Three people still critical after Times Square car incident
He pleaded guilty to an infraction in 2015 and was ordered to complete a drunken-driving program and lost his license for 90 days. According to the Post , 18-year-old Alyssa Elsman was visiting New York City with her 13-year-old sister when the crash happened.

Donald Trump's advisors 'contacted Russian officials at least 18 TIMES before election'
The newspaper said Comey was in the Oval Office that day with other national security officials for a terrorism threat briefing. The Flynn investigation was part of a broader probe into Russian interference in 2016's presidential election.

Several institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System now owns 14,589 shares of the biotechnology company's stock valued at $411,000 after buying an additional 130 shares during the period. BlueCrest Capital Management Ltd bought a new position in shares of Coherus Biosciences during the first quarter worth about $246,000. FMR LLC boosted its position in shares of Coherus Biosciences by 17.2% in the first quarter. Endurant Capital Management LP acquired a new position in shares of Coherus Biosciences during the third quarter valued at about $225,000. The company's stock had a trading volume of 321,424 shares. BlackRock Fund Advisors now owns 1,389,802 shares of the biotechnology company's stock worth $37,219,000 after buying an additional 121,067 shares in the last quarter.

Yet another important factor while evaluating a good buy/sell decision for Coherus Biosciences, Inc.

To be clear, the hurdle for any biosimilar company to launch a biosimilar-Humira by 2019 is still high, and given AbbVie's extensive patent estate extending into the 2030's, any biosimilar challenger must be willing to undertake an at-risk launch until further patents are invalidated through the IPR process or the Federal Circuit Courts.

Other News

Trending Now

Judge declares Prince's 6 siblings the heirs to his estate
Prince , born Prince Rogers Nelson, died without leaving a will - or at least, none that's so far been found. Appeals from others claiming heirship were rejected and they have since filed appeals.

TPK hikes 3D Touch price for iPhone with OLED, says paper
To this point, Goldman Sachs analyst Simona Jankowski provided the following component cost breakdown for the iPhone 8 last week. The iPhone 8 is believed to have an edge-to-edge OLED display that completely removes the top and bottom bezels up front.

Nicola Sturgeon admits SNP is 'not perfect' after 10 years in power
This newspaper obtained correspondence between Ms Sturgeon, other SNP ministers and civil servants in the run-up to the report's publication.

Download Android 'Oreo' Beta from Google now
The next version of Android is all about making interactions easier and improving the core performance of smartphones and apps . It may even be possible to sync your refrigerator with your phone so the AI will be able to send you a grocery list wirelessly.

Trump Denies Pressuring Comey to End Flynn Probe
In the memo, which ABC News has not seen, Comey wrote that he was asked by the president to let the Flynn probe go in February. Meanwhile, at home, other investigations into Russian Federation will move forward.

Syria condemns attack by US-led coalition
Russia's deputy foreign minister Gennady Gatilov added to the condemnation, calling the strike "a breach of Syrian sovereignty". A road between Iraq and Syria would facilitate the flow of assistance from Iran , which is a strong backer of Assad.

Russia: US strikes on pro-regime forces in Syria 'totally unacceptable'
The Britain-based Syrian Observatory for Human Rights said IS captured several army positions in the area and killed nine troops. State news agency SANA says 20 civilians were killed after IS militants stormed parts of the village and that 45 were wounded.

Snapchat Reaches 166 Million Daily Users
But leading up to the earnings report, all eyes were on the one deadly sin for an Internet company: slowing user growth. Snap announced at the time of its IPO in March that it had 161 million daily active users on average in December.

What Inland members of Congress are saying about Robert Mueller's appointment
Two of the countries Trump is set to visit on his first trip overseas are ones where he holds assets - Saudi Arabia and Israel . Constitutional law Professor David Schultz says the Mueller investigation, like other special prosecutor investigations in U.S.

Last U.S. President To Get Special Counsel
He also mentioned how the Clinton and Obama administration had committed illegal acts but no "special counsel was appointed". Mueller now must sort through all this political noise and determine, what, if anything, rises to a prosecutable offense.