Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)‘s stock had its “outperform” rating reissued by equities research analysts at CIBC in a research report issued on Wednesday. They currently have a $21.00 price target on the biopharmaceutical company’s stock. CIBC’s price target suggests a potential upside of 52.73% from the company’s previous close.
VNDA has been the subject of several other reports. Zacks Investment Research downgraded Vanda Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, January 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price objective on shares of Vanda Pharmaceuticals in a research note on Sunday, January 8th. Finally, Oppenheimer Holdings Inc. started coverage on Vanda Pharmaceuticals in a research note on Wednesday. They set an “outperform” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.13.
Shares of Vanda Pharmaceuticals (NASDAQ:VNDA) traded up 2.364% during trading on Wednesday, reaching $14.075. The company had a trading volume of 265,765 shares. The firm’s 50 day moving average price is $14.19 and its 200 day moving average price is $15.14. Vanda Pharmaceuticals has a 12 month low of $8.04 and a 12 month high of $18.00. The firm’s market capitalization is $624.17 million.
Vanda Pharmaceuticals (NASDAQ:VNDA) last posted its quarterly earnings data on Wednesday, February 15th. The biopharmaceutical company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The firm earned $38.24 million during the quarter, compared to the consensus estimate of $39.38 million. Vanda Pharmaceuticals had a negative return on equity of 16.13% and a negative net margin of 23.07%. Equities analysts predict that Vanda Pharmaceuticals will post ($0.63) EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Vanda Pharmaceuticals’ (VNDA) “Outperform” Rating Reiterated at CIBC” was originally reported by sleekmoney and is owned by of sleekmoney. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at http://sleekmoney.com/vanda-pharmaceuticals-inc-vnda-receives-new-coverage-from-analysts-at-cibc/1738934.html.
Several institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Vanda Pharmaceuticals by 2.0% in the third quarter. BlackRock Advisors LLC now owns 98,663 shares of the biopharmaceutical company’s stock worth $1,642,000 after buying an additional 1,907 shares during the period. Federated Investors Inc. PA increased its position in shares of Vanda Pharmaceuticals by 1,102.3% in the fourth quarter. Federated Investors Inc. PA now owns 70,961 shares of the biopharmaceutical company’s stock worth $1,132,000 after buying an additional 65,059 shares during the period. State Street Corp increased its position in shares of Vanda Pharmaceuticals by 27.2% in the fourth quarter. State Street Corp now owns 1,751,605 shares of the biopharmaceutical company’s stock worth $27,935,000 after buying an additional 374,095 shares during the period. Prudential Financial Inc. increased its position in shares of Vanda Pharmaceuticals by 69.0% in the third quarter. Prudential Financial Inc. now owns 598,518 shares of the biopharmaceutical company’s stock worth $9,959,000 after buying an additional 244,410 shares during the period. Finally, FMR LLC increased its position in shares of Vanda Pharmaceuticals by 928.0% in the fourth quarter. FMR LLC now owns 996,271 shares of the biopharmaceutical company’s stock worth $15,891,000 after buying an additional 899,358 shares during the period. 95.69% of the stock is owned by institutional investors and hedge funds.
About Vanda Pharmaceuticals
Vanda Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapies to address unmet medical needs. Its product portfolio includes HETLIOZ (tasimelteon), Fanapt (iloperidone), Tradipitant (VLY-686), Trichostatin A and AQW051. It offers HETLIOZ for the treatment of Non-24-Hour Sleep-Wake Disorder (Non-24).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/vanda-pharmaceuticals-inc-vnda-receives-new-coverage-from-analysts-at-cibc/1738934.html
Receive News & Ratings for Vanda Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanda Pharmaceuticals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.