Finally, SunTrust Banks lifted their target price on PTC Therapeutics from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Advisor Group Holdings Inc. acquired a new position in shares of PTC Therapeutics during the 1st quarter worth approximately $51,000.
Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for PTC Therapeutics.PTC Therapeutics, Inc, a biopharmaceutical company, focuses on the discovery, development, and commercialization of medicines for the treatment of rare disorders. In other PTC Therapeutics news, CEO Stuart Walter Peltz sold 109,928 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. Real time PTC Therapeutics (PTCT) stock price quote, stock graph, news & analysis. Focused Wealth Management Inc now owns 1,600 shares of the biopharmaceutical company’s stock worth $71,000 after buying an additional 400 shares during the period.A number of equities research analysts have recently weighed in on PTCT shares. PTC Therapeutics had a negative net margin of 90.83% and a negative return on equity of 46.42%. A decline of 97% from the average daily volume of 644,122 shares. The stock traded as low as $47.44 and last traded at $47.67, approximately 17,140 shares traded hands during trading. The call can be accessed by dialing (877) 303-9216 (domestic) or (973) […] News provided by. For the next fiscal year, analysts expect that the business will post sales of $538.70 million, with estimates ranging from $435.40 million to $642.00 million. All statements contained in this release, other than statements of historic fact, are forward-looking statements, including statements regarding: the future expectations, plans and prospects for PTC, including with respect to the expected timing of clinical trials and studies, availability of data, regulatory submissions and responses and other matters; PTC's strategy, future operations, future financial position, future revenues, projected costs; and the objectives of management. Latest news headlines for Ptc Therapeutics with market analysis and analyst commentary. The stock had previously closed at $48.12. PTC Therapeutics, Inc. Jul 08, 2020, 08:00 ET. Finally, Focused Wealth Management Inc raised its stake in shares of PTC Therapeutics by 33.3% during the 1st quarter.
Cantor Fitzgerald decreased their target price on PTC Therapeutics from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Morgan Stanley Decreases Position in Axcelis Technologies Inc (NASDAQ:ACLS)Several hedge funds have recently made changes to their positions in PTCT. in a research note on Monday, July 20th. Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of PTC Therapeutics in a report on Wednesday, April 8th. The stock was sold at an average price of $50.34, for a total value of $5,533,775.52. You are urged to carefully consider all such factors.The forward-looking statements contained herein represent PTC's views only as of the date of this press release and PTC does not undertake or plan to update or revise any such forward-looking statements to reflect actual results or changes in plans, prospects, assumptions, estimates or projections, or other circumstances occurring after the date of this press release except as required by law.More news releases in similar topicsAs with any pharmaceutical under development, there are significant risks in the development, regulatory approval and commercialization of new products. Stuart W. Peltz, Ph.D. founded PTC Therapeutics, Inc. in 1998 and has served as Chief Executive Officer and a member of the board of directors since the company’s inception. Status: PTC said June 17th the FDA authorized a Phase II/III trial designed to evaluate PTC299 as a COVID-19 treatment. PTC Therapeutics is adding to its rare disease pipeline with a midstage biotech buyout with a low upfront payment tied in with stock and biobucks. The biopharmaceutical company reported ($1.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($0.81). PTC Therapeutics’s revenue for the quarter was up 26.5% on a year-over-year basis.According to Zacks, analysts expect that PTC Therapeutics will report full year sales of $346.15 million for the current financial year, with estimates ranging from $329.00 million to $363.30 million. There are no guarantees that any product will receive or maintain regulatory approval in any territory, or prove to be commercially successful.This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. PTC's actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements it makes as a result of a variety of risks and uncertainties, including those related to: the outcome of pricing, coverage and reimbursement negotiations with third party payors for PTC's products or product candidates that PTC commercializes or may commercialize in the future; significant business effects, including the effects of industry, market, economic, political or regulatory conditions; changes in tax and other laws, regulations, rates and policies; the eligible patient base and commercial potential of PTC's products and product candidates; PTC's scientific approach and general development progress; and the factors discussed in the "Risk Factors" section of PTC's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K, as well as any updates to these risk factors filed from time to time in PTC's other filings with the SEC.
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