$CLDX, Price Target in View Celldex Therapeutic
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Price Target in View Celldex Therapeutics, Inc. (NASDAQ:CLDX)
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By Small Cap Contributor on March 30, 2016 Stock Update
Celldex Therapeutics, Inc. (NASDAQ:CLDX) has been given a consensus price target of $8.75 on shares. Out of all the covering analysts polled by Zacks Research that were included for this target, the analyst with the highest price target sees the stock hitting $24. The lowest analyst target price has shares going to $4. These targets may differ between covering analysts. Analysts have the ability to use resistance and support levels to help evaluate a stock target price. Zacks research also uses calculated recommendations from covering Wall Street analysts. These recommendations are on a scale provided by Zacks Research. Based on information provided from various analysts, Zacks Research shows shares of Celldex Therapeutics, Inc. having an ABR of 2. This number is based on a ratings scale where the ratings fall between a 1 and a 5. Following this scale, a 1 would represent a Strong Buy while a 5 would indicate a Strong Sell.
We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is widely considered to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $-0.34. For the period ending 2015-12-31, Celldex Therapeutics, Inc. reported actual EPS of $-0.33. This number was $0.01 away from analyst predictions, providing a surprise factor of 2.94%. The company is expected to next release earnings on or around 2016-05-04.
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