Mesoblast (MESO) Rating Increased to Buy at Zacks Investment Research

Mesoblast (NASDAQ:MESO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage currently has a $6.25 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 6.11% from the company’s current price.

According to Zacks, “Mesoblast Limited is a global leader in developing innovative cell-based medicines. The Company has leveraged its proprietary technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a broad portfolio of late-stage product candidates. Mesoblast’s allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions. “

Several other analysts have also recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $14.00 target price on shares of Mesoblast in a research note on Tuesday, September 26th. Oppenheimer set a $16.00 target price on Mesoblast and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, ValuEngine cut Mesoblast from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.11.

Mesoblast (MESO) opened at $5.89 on Friday. The company has a market capitalization of $537.63, a PE ratio of -7.18 and a beta of 2.44. Mesoblast has a twelve month low of $4.80 and a twelve month high of $12.50.

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