Gilead just bought a cancer-immunotherapy company for $12 billion

30 August, 2017, 01:27 | Author: Regina Lloyd
  • Endpoints News

(The) increased their target price on Kite Pharma from $85.00 to $89.00 and gave the company a "buy" rating in a report on Tuesday, May 9th. The stock has "Buy" rating by Mizuho on Tuesday, May 10.

Among 19 analysts covering Eclipse Resources (NYSE:ECR), 9 have Buy rating, 0 Sell and 10 Hold. On Thursday, July 27 the stock rating was maintained by Maxim Group with "Hold".

Ratings analysis reveals 40% of Philip Morris International's analysts are positive.

The Wall Street Journal first reported the deal on Monday. This company shares are -38.27% up from its target price of $109.91 and the current market capitalization stands at $10.26B. PM was included in 5 notes of analysts from September 12, 2016. Oppenheimer & Incorporated owns 25,313 shares. As per Wednesday, January 18, the company rating was maintained by Fundamental Research. The stock of Philip Morris International Inc. The rating was maintained by Jefferies with "Buy" on Wednesday, October 5. Citigroup downgraded the stock to "Neutral" rating in Thursday, March 2 report. It also reduced Bp Plc (NYSE:BP) stake by 8,250 shares and now owns 70,584 shares. The High end of the forecast is $-2.02 per share, while the Low end is $-2.26 per share. The Pennsylvania-based Gardner Russo & Gardner Llc has invested 8.02% in the stock. Frontier Cap Mngmt Co Ltd Company owns 466,492 shares for 0.16% of their portfolio. Northern Tru Corp has 16.89M shares. Philip Morris International Inc. It has underperformed by 0.05% the S&P500.

Investors sentiment increased to 0.91 in Q4 2016. Its down 0.21, from 1.45 in 2016Q3.

U.S. stocks are expected to open lower on Monday ahead of a clutch of economic data and as the aftermath of Hurricane Harvey continues to cause mayhem in Texas. 111 funds opened positions while 421 raised stakes. (NASDAQ:GILD). Alpine Woods Invsts Lc has 31,600 shares for 0.13% of their portfolio. Atria Ltd Liability invested in 0.16% or 29,599 shares.

Kite Pharma, Inc. (KITE) shows its Return on Assets (ROA) value of -48.9 percent, while the Return on Equity (ROE) value is -59.6 percent and Return on Investment (ROI) value stands at -63.2 percent. Us Fincl Bank De invested in 0% or 6 shares. 166,830 were reported by Buckhead Management Ltd. Bragg Advsr holds 0.03% or 13,011 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 455,382 shares. Steinberg Global Asset Mgmt holds 16,596 shares or 0.2% of its portfolio.

Kite Pharma (NASDAQ:KITE) last announced its earnings results on Tuesday, August 8th. Cap Sarl owns 19,100 shares or 0.08% of their United States portfolio. (NASDAQ:GILD). Harvest Capital Strategies Ltd Limited Liability Company has invested 1.95% in Gilead Sciences, Inc. Hall Laurie J Trustee has 60 shares for 0% of their portfolio.

Blackrock Fund accumulated 0.02% or 1.99 million shares. Metropolitan Life Ny holds 27,967 shares. The Average Volume of the company is 1.12 Million, while the Volume of the company in the last trading session was 17.03 Billion. Can raised its position in shares of Kite Pharma by 28.1% in the first quarter. The insider, MARTIN JOHN C, now holds 3.13 million shares of GILD. The insider Chang David D sold 20,000 shares worth $1.63M. Nussbaum Ran had bought 9,832 shares worth $679,474 on Tuesday, May 9.

Kite was established by Israeli professor Arie Belldegrun in 2009. The Market Cap of the company is $8.01 Billion.

The Santa Monica, California-based company specializes in developing treatments that are custom-made to target a patient's cancer. In the short term, the transaction would create a negative arbitrage for Gilead as GILD now trades at 3.0x run-rate revenue and 4.7x run-rate EBITDA.

The acquisition expands Gilead's ability to develop cancer treatments, a renewed direction for the pharma industry leader.


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