Shares of Merus NV (NASDAQ:MRUS) have been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price objective of $17.33 for the company and are forecasting that the company will post ($0.51) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Merus NV an industry rank of 105 out of 265 based on the ratings given to related companies.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Merus NV from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, August 12th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price target on shares of Merus NV in a research note on Wednesday, July 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $14.00 price target on shares of Merus NV in a research note on Tuesday, July 12th.
Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in Merus NV during the second quarter worth about $5,192,000. Tekla Capital Management LLC purchased a new position in shares of Merus NV during the second quarter valued at $2,113,000. Iguana Healthcare Management LLC purchased a new position in shares of Merus NV during the second quarter valued at $1,598,000. Finally, Platinum Investment Management Ltd. purchased a new position in shares of Merus NV during the second quarter valued at $559,000. 30.99% of the stock is currently owned by institutional investors.
Merus NV (NASDAQ:MRUS) opened at 17.91 on Friday. The stock has a 50 day moving average of $13.01 and a 200-day moving average of $10.18. The company’s market cap is $287.97 million. Merus NV has a one year low of $7.26 and a one year high of $19.40.
Merus NV (NASDAQ:MRUS) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.09. On average, equities analysts predict that Merus NV will post ($2.18) EPS for the current fiscal year.
About Merus NV
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