Intercept Pharmaceuticals Inc (ICPT) is Reiterated by Wedbush to Outperform, Lowers Price Target to $ 239

Intercept Pharmaceuticals Inc (ICPT) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 239 from a previous price target of $423 . Wedbush advised their investors in a research report released on Jun 1, 2016.

Many Wall Street Analysts have commented on Intercept Pharmaceuticals Inc. Intercept Pharmaceuticals Inc was Downgraded by Morgan Stanley to ” Underweight” on Apr 8, 2016. Intercept Pharmaceuticals Inc was Upgraded by Wells Fargo to ” Outperform” on Apr 5, 2016. Intercept Pharmaceuticals Inc was Initiated by Goldman to “Neutral” on Mar 30, 2016.

On the company’s financial health, Intercept Pharmaceuticals Inc reported $-5.17 EPS for the quarter, missing the analyst consensus estimate by $ -1.41 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-3.76.Analysts expectations of $ .64.During the same quarter in the previous year, the company posted $-1.78 EPS.

Intercept Pharmaceuticals Inc opened for trading at $139.95 and hit $141.95 on the upside on Friday, eventually ending the session at $141.77, with a gain of 2.93% or 4.04 points. The heightened volatility saw the trading volume jump to 4,28,824 shares. Company has a market cap of $3,487 M.

In a different news, on May 26, 2016, Lisa Bright (officer ) sold 251 shares at $137.50 per share price. According to the SEC, on May 4, 2016, Rachel Mcminn (Chief Strategy Officer) sold 130 shares at $147.49 per share price. On Apr 7, 2016, Mark Pruzanski (CEO & President) sold 708 shares at $130.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Intercept Pharmaceuticals Inc. is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat chronic liver diseases utilizing its bile acid chemistry. The Company’s product candidate obeticholic acid (OCA) is a bile acid analog a chemical substance that has a structure based on a naturally occurring human bile acid that selectively binds to and activates the farnesoid X receptor (FXR). The Company is also developing other products INT-767 and INT-777 for the treatment of fibrosis and type 2 diabetes. OCA has been tested in five placebo-controlled clinical trials including a completed Phase III clinical trial in patients with primary biliary cirrhosis (PBC) and two Phase II clinical trials in patients with nonalcoholic fatty liver disease (NAFLD) and nonalcoholic steatohepatitis (NASH). OCA met the primary efficacy endpoint in each of these trials with statistical significance.

Intercept Pharmaceuticals Inc

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