Gilead Sciences Coverage Initiated by Analysts at Argus (GILD)

Share on StockTwits

Argus assumed coverage on shares of Gilead Sciences (NASDAQ:GILD) in a research note issued on Monday. The firm set a “buy” rating and a $110.00 price target on the stock. Argus’ price target would indicate a potential upside of 17.82% from the stock’s previous close.

Shares of Gilead Sciences (NASDAQ:GILD) opened at 93.36 on Monday. Gilead Sciences has a 52-week low of $55.96 and a 52-week high of $94.34. The stock’s 50-day moving average is $88.85 and its 200-day moving average is $80.89. The company has a market cap of $141.1 billion and a price-to-earnings ratio of 21.05. Gilead Sciences also was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 98,473,543 shares, an increase of 3.1% from the July 15th total of 95,485,621 shares. Based on an average trading volume of 14,643,274 shares, the days-to-cover ratio is presently 6.7 days. Currently, 6.5% of the shares of the company are sold short.

Gilead Sciences (NASDAQ:GILD) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $2.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.73 by $0.63. The company had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 136.1% on a year-over-year basis. On average, analysts predict that Gilead Sciences will post $8.02 earnings per share for the current fiscal year.

In other Gilead Sciences news, Director Richard James Whitley sold 5,000 shares of Gilead Sciences stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $91.00, for a total value of $455,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of other firms have also recently commented on GILD. Analysts at Zacks upgraded shares of Gilead Sciences from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $111.00 price target on the stock. Finally, analysts at Maxim Group raised their price target on shares of Gilead Sciences from $112.00 to $127.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $103.32.

Gilead Sciences, Inc (NASDAQ:GILD) is a research-based biopharmaceutical company that discovers, develops and commercializes medicines.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Intuit Receives New Coverage from Analysts at RBC Capital
Intuit Receives New Coverage from Analysts at RBC Capital
Teekay Tankers Now Covered by Deutsche Bank
Teekay Tankers Now Covered by Deutsche Bank
Zacks Reiterates “Underperform” Rating for Koninklijke Philips NV
Zacks Reiterates “Underperform” Rating for Koninklijke Philips NV
Brightcove Hits New 1-Year Low at $5.89
Brightcove Hits New 1-Year Low at $5.89
Ixia Reaches New 1-Year Low at $9.14
Ixia Reaches New 1-Year Low at $9.14
Investors Purchase High Volume of The Walt Disney Company Call Options
Investors Purchase High Volume of The Walt Disney Company Call Options


Leave a Reply

 
© 2006-2014 Mideast Time.