Leerink Swann upgraded shares of Clovis Oncology (NASDAQ:CLVS) from a market perform rating to an outperform rating in a report issued on Tuesday, Marketbeat reports.
A number of other brokerages also recently issued reports on CLVS. Cann began coverage on Clovis Oncology in a research note on Wednesday, August 8th. They issued a hold rating for the company. JPMorgan Chase & Co. restated a buy rating on shares of Clovis Oncology in a research note on Tuesday, October 2nd. Guggenheim began coverage on Clovis Oncology in a research note on Monday, September 17th. They issued a buy rating for the company. BidaskClub upgraded Clovis Oncology from a strong sell rating to a sell rating in a research note on Thursday, October 18th. Finally, Piper Jaffray Companies began coverage on Clovis Oncology in a research note on Thursday, October 18th. They issued a hold rating and a $33.00 price objective for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Clovis Oncology currently has an average rating of Hold and a consensus price target of $56.32.
Shares of Clovis Oncology stock opened at $21.24 on Tuesday. Clovis Oncology has a 12-month low of $11.50 and a 12-month high of $69.02. The company has a current ratio of 9.03, a quick ratio of 8.46 and a debt-to-equity ratio of 2.46.
A number of large investors have recently made changes to their positions in CLVS. Redmile Group LLC bought a new position in Clovis Oncology in the 2nd quarter valued at $79,964,000. Alliancebernstein L.P. lifted its position in shares of Clovis Oncology by 48.4% during the 3rd quarter. Alliancebernstein L.P. now owns 1,414,652 shares of the biopharmaceutical company’s stock valued at $41,548,000 after buying an additional 461,629 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Clovis Oncology by 27.1% during the 3rd quarter. Macquarie Group Ltd. now owns 878,530 shares of the biopharmaceutical company’s stock valued at $25,802,000 after buying an additional 187,071 shares during the last quarter. Perceptive Advisors LLC purchased a new position in shares of Clovis Oncology during the 3rd quarter valued at $4,406,000. Finally, Capital International Investors purchased a new position in shares of Clovis Oncology during the 3rd quarter valued at $3,495,000.
Clovis Oncology Company Profile
Clovis Oncology, Inc, a biopharmaceutical company, focuses on acquiring, developing, and commercializing anti-cancer agents in the United States, Europe, and internationally. Its commercial product includes Rubraca (rucaparib) tablet, a small molecule poly ADP-ribose polymerase inhibitor, used as monotherapy for the treatment of patients with deleterious BRCA mutation associated advanced ovarian cancer, who have been treated with two or more chemotherapies, and selected for therapy by an FDA-approved companion diagnostic for Rubraca.
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