Gilead Sciences (GILD) Gets a Hold Rating from Maxim Group

By Austin Angelo

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Hold rating on Gilead Sciences (GILDResearch Report). The company’s shares closed last Friday at $69.53.

According to TipRanks.com, McCarthy is a top 100 analyst with an average return of 37.6% and a 53.6% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Brainstorm Cell Therapeutics, Lineage Cell Therapeutics, and Actinium Pharmaceuticals.

Gilead Sciences has an analyst consensus of Moderate Buy, with a price target consensus of $83.29, implying a 19.4% upside from current levels. In a report issued on July 20, Credit Suisse also upgraded the stock to Hold with a $75.00 price target.

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The company has a one-year high of $85.97 and a one-year low of $60.89. Currently, Gilead Sciences has an average volume of 10.87M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GILD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas of unmet medical need. The firms primary areas of focus include human immunodeficiency virus, acquired immunodeficiency syndrome, liver diseases, hematology, oncology, and inflammation and respiratory diseases. It offers antiviral products under Harvoni, Genvoya, Epclusa, Truvada, Atripla, Descovy, Stribild, Viread, Odefsey, Complera/Eviplera, Sovaldi, and Vosevi brands. The company was founded by Michael L. Riordan on June 22, 1987 and is headquartered in Foster, CA.