Ophthotech Corporation (OPHT) Forecasted to Post FY2017 Earnings of $2.90 Per Share

Ophthotech Corporation (NASDAQ:OPHT) – Analysts at Gabelli lifted their FY2017 earnings per share (EPS) estimates for shares of Ophthotech Corporation in a report issued on Friday. Gabelli analyst K. Kedra now anticipates that the biopharmaceutical company will earn $2.90 per share for the year, up from their previous estimate of $2.65.

Several other equities analysts have also weighed in on OPHT. ValuEngine upgraded shares of Ophthotech Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $4.00 price objective on shares of Ophthotech Corporation in a research report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Ophthotech Corporation from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a research report on Monday. Twelve equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $8.31.

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Ophthotech Corporation (NASDAQ OPHT) opened at $3.10 on Monday. Ophthotech Corporation has a 12-month low of $2.24 and a 12-month high of $40.34. The firm has a market cap of $103.07, a PE ratio of 1.82 and a beta of 1.40.

A number of hedge funds have recently bought and sold shares of OPHT. Creative Planning lifted its stake in Ophthotech Corporation by 4,867.3% during the second quarter. Creative Planning now owns 46,941 shares of the biopharmaceutical company’s stock valued at $120,000 after buying an additional 45,996 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Ophthotech Corporation by 102.3% during the second quarter. Federated Investors Inc. PA now owns 55,461 shares of the biopharmaceutical company’s stock valued at $142,000 after buying an additional 28,040 shares in the last quarter. LMR Partners LLP purchased a new stake in Ophthotech Corporation during the second quarter valued at about $269,000. KCG Holdings Inc. purchased a new stake in Ophthotech Corporation during the first quarter valued at about $354,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Ophthotech Corporation by 73.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 118,166 shares of the biopharmaceutical company’s stock valued at $433,000 after buying an additional 49,928 shares in the last quarter. 62.30% of the stock is owned by institutional investors.

About Ophthotech Corporation

Ophthotech Corporation is a biopharmaceutical company. The Company is engaged in the development of therapeutics to treat ophthalmic diseases, with a focus on diseases of the back of the eye. Its primary focus is developing therapeutics for age-related macular degeneration (AMD), which is a disorder of the central portion of the retina, known as the macula, that may result in blindness.

Earnings History and Estimates for Ophthotech Corporation (NASDAQ:OPHT)

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