Alkermes (ALKS) Receives a Buy from J.P. Morgan

By Carrie Williams

In a report issued on January 8, Cory Kasimov from J.P. Morgan maintained a Buy rating on Alkermes (ALKSResearch Report). The company’s shares closed yesterday at $32.21, close to its 52-week low of $27.54.

According to TipRanks.com, Kasimov is a 2-star analyst with an average return of -0.2% and a 38.7% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals Inc, Allogene Therapeutics Inc, and Global Blood Therapeutics.

Alkermes has an analyst consensus of Moderate Buy, with a price target consensus of $44.22.

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Based on Alkermes’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $34.44 million. In comparison, last year the company had a GAAP net loss of $9.79 million.

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Alkermes Plc IS a biopharmaceutical company, which engages in the development, research, and commercialization of medicines that are designed to address unmet medical needs of patients in major therapeutic areas. It operates through the following geographical segments: U.S., Ireland, Rest of the World, and Other.