Evotec (OTCMKTS:EVTCY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $52.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.18% from the stock’s current price.
According to Zacks, “EVOTEC is a leader in the discovery and development of novel small molecule drugs. They have established a powerful platform that is applicable to targets across all therapeutic areas and has specific expertise in the area of Central Nervous System related diseases where it is building a pipeline of drug candidates for partnering. Through research collaborations and proprietary projects They are providing the highest quality research results to its partners in the pharmaceutical and biotechnology industries “
Shares of OTCMKTS:EVTCY traded up $0.27 during mid-day trading on Tuesday, reaching $46.77. 402 shares of the company’s stock were exchanged, compared to its average volume of 1,289. The firm has a market cap of $3.41 billion, a PE ratio of 129.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.93. Evotec has a twelve month low of $27.46 and a twelve month high of $52.50.
Evotec AG provides drug discovery and development solutions to pharmaceutical and biotechnology companies, academic institutions, foundations, and not-for-profit organizations worldwide. The company operates through two segments, EVT Execute and EVT Innovate. It offers drug discovery services, such as integrated services, target identification and validation, hit identification, compound management, chemistry, drug metabolism and pharmacokinetics, research informatics and in silico drug discovery, proteomics and metabolomics, cell and protein production, and in vivo and in vitro pharmacology services, as well as absorption, distribution, metabolism, excretion, and toxicity services.
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