LB Pharmaceuticals Inc (NASDAQ:LBRX – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.50.
Several analysts have weighed in on the company. Roth Capital reiterated a “buy” rating and set a $37.00 price target on shares of LB Pharmaceuticals in a research note on Sunday, May 17th. HC Wainwright restated a “buy” rating on shares of LB Pharmaceuticals in a research note on Monday, June 22nd. Stifel Nicolaus lifted their target price on LB Pharmaceuticals from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Wolfe Research started coverage on LB Pharmaceuticals in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, Weiss Ratings upgraded shares of LB Pharmaceuticals from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 11th.
Read Our Latest Research Report on LBRX
Hedge Funds Weigh In On LB Pharmaceuticals
LB Pharmaceuticals Price Performance
Shares of LBRX stock traded down $0.79 during mid-day trading on Friday, hitting $32.95. 186,441 shares of the stock traded hands, compared to its average volume of 348,907. LB Pharmaceuticals has a 52-week low of $13.36 and a 52-week high of $35.35. The stock has a market cap of $945.01 million and a P/E ratio of -19.05. The stock’s fifty day moving average is $30.27 and its two-hundred day moving average is $26.27.
LB Pharmaceuticals (NASDAQ:LBRX – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.67) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.08. As a group, equities analysts forecast that LB Pharmaceuticals will post -3.58 EPS for the current fiscal year.
About LB Pharmaceuticals
We are a clinical-stage biopharmaceutical company developing novel therapies for the treatment of schizophrenia, bipolar depression, and other neuropsychiatric diseases. We are building a pipeline that leverages the broad therapeutic potential of our lead product candidate, LB-102, which we believe has the potential to be the first benzamide antipsychotic drug approved for neuropsychiatric disorders in the United States. LB-102 is a new chemical entity and a methylated derivative of amisulpride, a second-generation antipsychotic drug approved in over 50 countries, not including the United States, because the development and regulatory requirements of the U.S.
Further Reading
- Five stocks we like better than LB Pharmaceuticals
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for LB Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LB Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.
