Bio Blast Pharma Ltd (NASDAQ:ORPN) Given Average Rating of “Strong Buy” by Brokerages
April 15th, 2016 - By Jesse Cantor - 0 comments
Bio Blast Pharma logoBio Blast Pharma Ltd (NASDAQ:ORPN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $23.00 for the company and are anticipating that the company will post ($0.28) earnings per share for the current quarter, according to Zacks. Zacks has also given Bio Blast Pharma an industry rank of 81 out of 265 based on the ratings given to related companies.
Shares of Bio Blast Pharma (NASDAQ:ORPN) traded up 17.7167% during midday trading on Friday, reaching $2.8252. 4,456,673 shares of the company’s stock were exchanged. Bio Blast Pharma has a one year low of $2.16 and a one year high of $8.50. The stock’s 50-day moving average is $2.62 and its 200 day moving average is $3.77. The firm’s market cap is $40.20 million.
Bio Blast Pharma (NASDAQ:ORPN) last posted its quarterly earnings results on Tuesday, February 23rd. The biopharmaceutical company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.09. Analysts anticipate that Bio Blast Pharma will post ($1.23) EPS for the current year.
ORPN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Bio Blast Pharma from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Sunday, January 17th. Rodman & Renshaw initiated coverage on shares of Bio Blast Pharma in a report on Thursday, January 28th. They issued a “buy” rating and a $25.00 target price on the stock. Finally, HC Wainwright initiated coverage on shares of Bio Blast Pharma in a report on Thursday, January 28th. They issued a “buy” rating and a $25.00 target price on the stock.
Bio Blast Pharma Ltd. (NASDAQ:ORPN) is a development-stage biopharmaceutical company. The Company is focused on the identification, licensing, acquisition, development and commercialization of drugs for rare and ultra-rare genetic and metabolic diseases