NewLink Genetics (NLNK) Given a $26.00 Price Target by Cantor Fitzgerald Analysts

NewLink Genetics (NASDAQ:NLNK) received a $26.00 price target from Cantor Fitzgerald in a report released on Monday. The firm presently has a “buy” rating on the biotechnology company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 207.51% from the company’s previous close.

A number of other research firms have also recently weighed in on NLNK. Stifel Nicolaus lifted their target price on shares of NewLink Genetics from $14.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, September 11th. ValuEngine cut shares of NewLink Genetics from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Bank of America assumed coverage on shares of NewLink Genetics in a research note on Friday, October 13th. They set a “buy” rating and a $22.00 target price on the stock. BidaskClub upgraded shares of NewLink Genetics from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Group lowered their target price on shares of NewLink Genetics from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.29.

NewLink Genetics (NASDAQ:NLNK) traded down $0.54 on Monday, hitting $8.46. 648,161 shares of the company were exchanged, compared to its average volume of 1,564,400. NewLink Genetics has a 52 week low of $5.90 and a 52 week high of $25.17. The stock has a market cap of $333.69, a PE ratio of -3.47 and a beta of 1.10.

Several institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of NewLink Genetics by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,069 shares of the biotechnology company’s stock worth $140,000 after buying an additional 556 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of NewLink Genetics by 3.4% in the 2nd quarter. Advisor Group Inc. now owns 18,082 shares of the biotechnology company’s stock worth $133,000 after buying an additional 600 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of NewLink Genetics by 11.1% in the 2nd quarter. First Trust Advisors LP now owns 28,598 shares of the biotechnology company’s stock worth $210,000 after buying an additional 2,859 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of NewLink Genetics by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 165,791 shares of the biotechnology company’s stock worth $1,219,000 after buying an additional 2,865 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of NewLink Genetics by 1.2% in the 2nd quarter. State Street Corp now owns 391,464 shares of the biotechnology company’s stock worth $2,875,000 after buying an additional 4,630 shares during the last quarter. Hedge funds and other institutional investors own 52.63% of the company’s stock.

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NewLink Genetics Company Profile

NewLink Genetics Corporation is a clinical-stage immuno-oncology company focused on discovering, developing and commercializing immunotherapeutic products for the treatment of cancer. The Company’s portfolio includes biologic and small-molecule immunotherapy product candidates for a range of oncology indications.

Analyst Recommendations for NewLink Genetics (NASDAQ:NLNK)

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