Repligen (RGEN – Research Report) received a Buy rating and price target from Craig-Hallum analyst Matt Hewitt today. The company’s shares closed yesterday at $157.06.
Hewitt covers the Healthcare sector, focusing on stocks such as Avid Bioservices, Apyx Medical, and Inotiv. According to TipRanks, Hewitt has an average return of -3.6% and a 40.21% success rate on recommended stocks.
Repligen has an analyst consensus of Strong Buy, with a price target consensus of $213.83, which is a 36.15% upside from current levels. In a report released on April 7, RBC Capital also maintained a Buy rating on the stock with a $221.00 price target.
Based on Repligen’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $155.74 million and a GAAP net loss of $25.49 million. In comparison, last year the company earned a revenue of $186.76 million and had a net profit of $48.73 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is neutral on the stock.
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Repligen (RGEN) Company Description:
Repligen Corp. provides advanced bioprocessing technologies and solutions used in the process of manufacturing biologic drugs. The firm serves through the following product lines: Chromatography; Filtration; and OEM Products (Proteins). The Chromatography product line includes a number of products used in the downstream purification and quality control of biological drugs. The Filtration products offer a number of advantages to manufacturers of biologic drugs at volumes that span from pilot studies to clinical and commercial-scale production. The OEM products are represented by Protein A affinity ligands, which are a critical component of Protein A chromatography resins used in downstream purification, and cell culture growth factor products. The company was founded by Alexander G. Rich and Paul R. Schimmel in May 1981 and is headquartered in Waltham, MA.
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