Translate Bio (NASDAQ:TBIO) received a $17.00 price target from stock analysts at Citigroup in a research note issued to investors on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 65.53% from the stock’s current price.
Several other research firms have also recently commented on TBIO. Zacks Investment Research raised Translate Bio from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Roth Capital started coverage on shares of Translate Bio in a report on Tuesday, June 18th. They set a “buy” rating and a $25.00 price objective for the company. Jefferies Financial Group began coverage on shares of Translate Bio in a research report on Monday, July 22nd. They set a “buy” rating and a $20.00 price objective on the stock. Finally, HC Wainwright reissued a “buy” rating and set a $21.00 price target on shares of Translate Bio in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.60.
TBIO stock traded up $0.46 during midday trading on Tuesday, hitting $10.27. The company’s stock had a trading volume of 254,297 shares, compared to its average volume of 219,033. The firm’s 50-day moving average is $8.71 and its 200-day moving average is $9.82. The company has a current ratio of 7.67, a quick ratio of 7.67 and a debt-to-equity ratio of 1.15. Translate Bio has a 12 month low of $4.81 and a 12 month high of $14.34. The company has a market cap of $523.87 million, a PE ratio of -2.82 and a beta of 0.90.
A number of institutional investors have recently added to or reduced their stakes in TBIO. Bank of Montreal Can purchased a new stake in shares of Translate Bio in the second quarter worth $31,000. Wells Fargo & Company MN lifted its stake in shares of Translate Bio by 30.5% during the 2nd quarter. Wells Fargo & Company MN now owns 14,532 shares of the company’s stock valued at $183,000 after buying an additional 3,393 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Translate Bio by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,689 shares of the company’s stock valued at $1,083,000 after buying an additional 5,544 shares in the last quarter. Aevitas Wealth Management Inc. bought a new position in Translate Bio in the 1st quarter worth $58,000. Finally, BNP Paribas Arbitrage SA bought a new position in Translate Bio in the 1st quarter worth $63,000. 72.68% of the stock is owned by institutional investors.
Translate Bio Company Profile
Translate Bio, Inc, a clinical-stage messenger RNA (mRNA) therapeutics company, develops medicines to treat diseases caused by protein or gene dysfunction. The company is developing MRT5005, which is in Phase I/II clinical trial for the treatment of cystic fibrosis; and MRT5201 to treat ornithine transcarbamylase deficiency.
Read More: Earnings Per Share
Receive News & Ratings for Translate Bio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Translate Bio and related companies with MarketBeat.com's FREE daily email newsletter.