HUTCHISON CHINA/S (NASDAQ:HCM) Upgraded at BidaskClub

BidaskClub upgraded shares of HUTCHISON CHINA/S (NASDAQ:HCM) from a buy rating to a strong-buy rating in a report issued on Friday, BidAskClub reports.

A number of other research firms have also weighed in on HCM. Deutsche Bank assumed coverage on shares of HUTCHISON CHINA/S in a research note on Monday, March 4th. They issued a buy rating and a $26.82 price objective for the company. Zacks Investment Research lowered shares of HUTCHISON CHINA/S from a hold rating to a sell rating in a research note on Thursday, April 11th. Finally, HSBC assumed coverage on shares of HUTCHISON CHINA/S in a research note on Wednesday, March 27th. They issued a buy rating for the company. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. HUTCHISON CHINA/S has a consensus rating of Buy and a consensus target price of $26.82.

NASDAQ:HCM opened at $29.02 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.33 and a quick ratio of 4.19. The company has a market cap of $3.87 billion, a PE ratio of -50.91 and a beta of 1.10. The business has a 50 day moving average of $27.08. HUTCHISON CHINA/S has a 12 month low of $20.83 and a 12 month high of $39.68.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of HUTCHISON CHINA/S during the first quarter valued at approximately $294,000. Highstreet Asset Management Inc. purchased a new stake in shares of HUTCHISON CHINA/S during the first quarter valued at approximately $268,000. DekaBank Deutsche Girozentrale lifted its position in HUTCHISON CHINA/S by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 28,500 shares of the company’s stock valued at $840,000 after purchasing an additional 530 shares during the period. Pictet Asset Management Ltd. lifted its position in HUTCHISON CHINA/S by 3.7% during the first quarter. Pictet Asset Management Ltd. now owns 94,800 shares of the company’s stock valued at $5,726,000 after purchasing an additional 3,400 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in HUTCHISON CHINA/S by 748.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,146 shares of the company’s stock valued at $36,000 after purchasing an additional 1,011 shares during the period. Hedge funds and other institutional investors own 21.01% of the company’s stock.

HUTCHISON CHINA/S Company Profile

Hutchison China MediTech Limited, a commercial-stage biopharmaceutical company, engages in discovery, development, and commercialization of targeted therapeutics and immunotherapies for oncology and immunological diseases in the People's Republic of China and Hong Kong. The company operates through Innovation Platform and Commercial Platform segments.

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