Milestone Pharmaceuticals Inc. (NASDAQ:MIST) Given Average Recommendation of “Moderate Buy” by Analysts

Milestone Pharmaceuticals Inc. (NASDAQ:MISTGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.40.

A number of research firms have recently issued reports on MIST. Wall Street Zen cut shares of Milestone Pharmaceuticals from a “hold” rating to a “strong sell” rating in a research report on Sunday, May 17th. Zacks Research upgraded shares of Milestone Pharmaceuticals from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wells Fargo & Company lowered their target price on shares of Milestone Pharmaceuticals from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Cantor Fitzgerald assumed coverage on shares of Milestone Pharmaceuticals in a research report on Thursday, August 20th. They issued an “overweight” rating and a $3.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Milestone Pharmaceuticals in a research note on Tuesday, July 14th.

Read Our Latest Report on MIST

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Strategic Family Wealth Counselors L.L.C. bought a new stake in Milestone Pharmaceuticals during the fourth quarter worth $25,000. Eaton Financial Holdings Company LLC purchased a new stake in Milestone Pharmaceuticals in the 4th quarter valued at $26,000. HighTower Advisors LLC lifted its stake in Milestone Pharmaceuticals by 100.0% during the 2nd quarter. HighTower Advisors LLC now owns 20,000 shares of the company’s stock valued at $27,000 after acquiring an additional 10,000 shares in the last quarter. Welch & Forbes LLC bought a new position in Milestone Pharmaceuticals during the 1st quarter valued at $30,000. Finally, Bank of America Corp DE boosted its holdings in Milestone Pharmaceuticals by 200,550.0% during the 3rd quarter. Bank of America Corp DE now owns 16,052 shares of the company’s stock worth $32,000 after acquiring an additional 16,044 shares during the last quarter. Hedge funds and other institutional investors own 86.18% of the company’s stock.

Milestone Pharmaceuticals Price Performance

Milestone Pharmaceuticals stock opened at $1.18 on Thursday. The stock has a market capitalization of $146.91 million, a price-to-earnings ratio of -1.71 and a beta of 0.98. Milestone Pharmaceuticals has a 52-week low of $1.00 and a 52-week high of $3.06. The stock’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.47. The company has a debt-to-equity ratio of 3.25, a quick ratio of 7.92 and a current ratio of 8.13.

Milestone Pharmaceuticals (NASDAQ:MISTGet Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.01). The firm had revenue of $0.56 million for the quarter, compared to the consensus estimate of $0.82 million. On average, equities analysts predict that Milestone Pharmaceuticals will post -0.84 earnings per share for the current year.

Milestone Pharmaceuticals Company Profile

(Get Free Report)

Milestone Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company focused on developing innovative therapies for respiratory diseases. The company’s research emphasizes both biologic and small-molecule approaches designed to improve mucociliary clearance, reduce airway inflammation and address chronic and refractory cough. Milestone’s pipeline targets key underserved conditions such as cystic fibrosis, primary ciliary dyskinesia and severe asthma.

Milestone’s lead product candidates are delivered through inhalation or systemic administration, reflecting the company’s commitment to optimizing therapeutic delivery directly to the lungs.

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Analyst Recommendations for Milestone Pharmaceuticals (NASDAQ:MIST)

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