Codexis (NASDAQ:CDXS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.
A number of other analysts also recently weighed in on CDXS. Jefferies Group reiterated a “buy” rating and set a $9.00 price target (up from $8.00) on shares of Codexis in a report on Monday, October 2nd. Zacks Investment Research upgraded Codexis from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, HC Wainwright increased their price target on Codexis from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $7.81.
Shares of Codexis (CDXS) opened at $8.00 on Thursday. Codexis has a 1-year low of $3.60 and a 1-year high of $8.55. The firm has a market capitalization of $386.77, a PE ratio of -12.31 and a beta of -1.59.
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Codexis, Inc is a developer of biocatalysts for the pharmaceutical and fine chemicals markets. The Company’s CodeEvolver protein engineering technology platform, which introduces genetic mutations into genes in order to give rise to changes in the enzymes that they produce, overcomes many of the limitations, allowing customers to evolve and optimize biocatalysts to perform specific and desired chemical reactions at commercial scale.
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