Retrophin Inc (RTRX) Stock Rating Reaffirmed by William Blair

Retrophin Inc (NASDAQ:RTRX)‘s stock had its “outperform” rating reissued by analysts at William Blair in a research report issued on Thursday.

Several other research firms have also recently weighed in on RTRX. BMO Capital Markets set a $46.00 target price on Retrophin and gave the stock a “buy” rating in a research note on Wednesday, December 14th. Zacks Investment Research upgraded Retrophin from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Tuesday, March 7th. Finally, JMP Securities set a $28.00 target price on Retrophin and gave the stock a “buy” rating in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.25.

Retrophin (NASDAQ:RTRX) traded down 0.37% during midday trading on Thursday, hitting $18.77. 88,475 shares of the stock traded hands. The firm’s 50-day moving average is $18.63 and its 200-day moving average is $19.84. Retrophin has a 52-week low of $13.31 and a 52-week high of $24.57. The company’s market cap is $715.01 million.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gargoyle Investment Advisor L.L.C. purchased a new position in Retrophin during the third quarter valued at approximately $206,000. Highbridge Capital Management LLC purchased a new position in Retrophin during the fourth quarter valued at approximately $243,000. Monarch Partners Asset Management LLC purchased a new position in Retrophin during the third quarter valued at approximately $263,000. HBK Investments L P purchased a new position in Retrophin during the third quarter valued at approximately $291,000. Finally, Russell Investments Group Ltd. purchased a new position in Retrophin during the fourth quarter valued at approximately $387,000.

About Retrophin

Retrophin, Inc is a biopharmaceutical company. The Company is focused on the development, acquisition and commercialization of therapies for the treatment of serious, catastrophic or rare diseases. The Company sells three products, including Chenodal (chenodeoxycholic acid), Cholbam (cholic acid) and Thiola (tiopronin).

5 Day Chart for NASDAQ:RTRX

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