Canaccord Genuity Stick to Their Buy Rating for Madrigal Pharmaceuticals Inc By Investing.com

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Canaccord Genuity Stick to Their Buy Rating for Madrigal Pharmaceuticals Inc

Nov 12, 2020 06:18AM ET

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Canaccord Genuity analyst Edward Nash maintained a Buy rating on Madrigal Pharmaceuticals (NASDAQ:MDGL) Inc on Wednesday, setting a price target of $177, which is approximately 40.41% above the present share price of $126.06.

Nash expects Madrigal Pharmaceuticals Inc to post earnings per share (EPS) of -$3.75 for the fourth quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Madrigal Pharmaceuticals, with an average price target of $168.22.
The analysts price targets range from a high of $204 to a low of $123.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $0 and a net profit of -$58.79 million. The company's market cap is $1.95 billion.

According to TipRanks.com, Canaccord Genuity analyst Edward Nash is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.1% and a 40.12% success rate.

Madrigal Pharmaceuticals, Inc. engages on the development and commercialization of innovative therapeutic candidates for the treatment of cardiovascular, metabolic, and liver diseases. Its lead product, MGL-3196, is used for the treatment of non-alcoholic steatohepatitis and familial hypercholesterolemia. The company was founded by Rebecca Taub and Edward Chiang on September 2011 and is headquartered in Fort Washington, PA.

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