Finally Time to Make a Move? H.C. Wainwright Initiates Coverage On Asterias Biotherapeutics (AMEX:AST) with $11.0000 Price Target

June 20, 2018 - By Adrian Mccoy

Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) Logo

Why Has H.C. Wainwright Given Asterias Biotherapeutics (AMEX:AST) a $11.0000 Price Target

The broker H.C. Wainwright has today has initiated coverage on Asterias Biotherapeutics (AMEX:AST) shares, with a Buy rating, while giving it the target at $11.0000.

Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) Ratings Coverage

Among 2 analysts covering Asterias Biotherapeutics (AMEX:AST), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Asterias Biotherapeutics has $11.0 highest and $6.0 lowest target. $8.50’s average target is 365.75% above currents $1.825 stock price. Asterias Biotherapeutics had 8 analyst reports since January 8, 2018 according to SRatingsIntel. As per Tuesday, June 19, the company rating was initiated by H.C. Wainwright. The stock has “Buy” rating by H.C. Wainwright on Thursday, May 3. The company was maintained on Friday, March 16 by H.C. Wainwright. FBR Capital initiated Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) rating on Thursday, February 22. FBR Capital has “Buy” rating and $6.0 target. The firm has “Buy” rating given on Wednesday, June 6 by H.C. Wainwright. The rating was maintained by FBR Capital on Thursday, March 1 with “Buy”. The firm has “Buy” rating given on Monday, January 8 by H.C. Wainwright.

The stock increased 4.29% or $0.075 during the last trading session, reaching $1.825. About 65,979 shares traded. Asterias Biotherapeutics, Inc. (AMEX:AST) has declined 52.94% since June 20, 2017 and is downtrending. It has underperformed by 65.51% the S&P500.

Analysts await Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) to report earnings on August, 13. They expect $-0.11 EPS, up 38.89 % or $0.07 from last year’s $-0.18 per share. After $-0.09 actual EPS reported by Asterias Biotherapeutics, Inc. for the previous quarter, Wall Street now forecasts 22.22 % negative EPS growth.

Asterias Biotherapeutics, Inc., a clinical-stage biotechnology company, focuses on developing and commercializing novel therapies in the fields of cell therapy and regenerative medicine. The company has market cap of $100.39 million. The firm develops therapeutic products in the areas of neurology and oncology. It currently has negative earnings. The Company’s clinical stage programs include AST-OPC1, a therapy derived from pluripotent stem cells that has completed a Phase I clinical trial for the treatment of thoracic spinal cord injuries; and that is in Phase I/IIa clinical trial for treating cervical spinal cord injuries, as well as for the treatment of multiple sclerosis and white matter stroke.

Another recent and important Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) news was published by Equitiesfocus.com which published an article titled: “Asterias Biotherapeutics (AST) PT Set at $11.00 by HC Wainwright” on June 15, 2018.

Asterias Biotherapeutics, Inc. (NYSEAMERICAN:AST) Ratings Chart

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