FibroGen, Inc (NASDAQ:FGEN) Earns “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of FibroGen, Inc (NASDAQ:FGEN) in a research report sent to investors on Wednesday. William Blair also issued estimates for FibroGen’s Q3 2017 earnings at ($0.45) EPS, FY2017 earnings at ($2.02) EPS, Q1 2018 earnings at ($0.72) EPS, Q2 2018 earnings at ($0.69) EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at ($0.62) EPS and FY2018 earnings at ($1.17) EPS.

FGEN has been the topic of several other research reports. Citigroup Inc. upped their price target on FibroGen from $48.00 to $65.00 and gave the stock a top pick rating in a research note on Tuesday. BidaskClub downgraded FibroGen from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Jefferies Group LLC assumed coverage on FibroGen in a research note on Monday, July 10th. They issued a buy rating and a $50.00 price target on the stock. Stifel Nicolaus restated a buy rating and issued a $38.00 price target (up previously from $32.00) on shares of FibroGen in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) downgraded FibroGen from a buy rating to a neutral rating and set a $31.00 price target on the stock. in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $60.17.

Shares of FibroGen (NASDAQ FGEN) traded up 1.34% on Wednesday, hitting $41.65. The company had a trading volume of 1,005,368 shares. FibroGen has a 52 week low of $15.60 and a 52 week high of $51.70. The stock’s market capitalization is $2.97 billion. The firm’s 50 day moving average price is $34.92 and its 200-day moving average price is $28.29.

FibroGen (NASDAQ:FGEN) last posted its quarterly earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.01. The company had revenue of $29 million during the quarter, compared to analysts’ expectations of $34.80 million. FibroGen had a negative return on equity of 64.42% and a negative net margin of 105.59%. Analysts forecast that FibroGen will post ($1.82) earnings per share for the current fiscal year.

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In other FibroGen news, CEO Thomas B. Neff sold 38,636 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $26.21, for a total transaction of $1,012,649.56. Following the sale, the chief executive officer now directly owns 3,345,941 shares in the company, valued at approximately $87,697,113.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kalevi Kurkijarvi sold 2,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $27.40, for a total value of $54,800.00. Following the sale, the director now owns 36,000 shares in the company, valued at $986,400. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 537,474 shares of company stock worth $19,220,138. Company insiders own 14.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its stake in shares of FibroGen by 44.2% in the second quarter. Parametric Portfolio Associates LLC now owns 14,590 shares of the biopharmaceutical company’s stock valued at $471,000 after buying an additional 4,470 shares in the last quarter. Piermont Capital Management Inc. acquired a new stake in shares of FibroGen during the second quarter valued at approximately $636,000. Quantbot Technologies LP acquired a new stake in shares of FibroGen during the second quarter valued at approximately $128,000. California Public Employees Retirement System increased its stake in shares of FibroGen by 2.2% in the second quarter. California Public Employees Retirement System now owns 93,200 shares of the biopharmaceutical company’s stock valued at $3,010,000 after buying an additional 2,000 shares in the last quarter. Finally, FMR LLC increased its stake in shares of FibroGen by 96.9% in the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock valued at $107,753,000 after buying an additional 1,641,423 shares in the last quarter. Institutional investors and hedge funds own 43.45% of the company’s stock.

FibroGen Company Profile

FibroGen, Inc is a science-based biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of therapeutics to treat serious unmet medical needs. Its lead product candidate is roxadustat (FG-4592). It is also engaged in developing products, such as FG-6874, FG-3019 and FG-5200.

Analyst Recommendations for FibroGen (NASDAQ:FGEN)

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