Grifols (NASDAQ:GRFS) Raised to Strong-Buy at Wall Street Zen
Wall Street Zen upgraded Grifols (NASDAQ:GRFS) from a "buy" to a "strong-buy" rating. Additionally, JPMorgan Chase raised its target price for Grifols from $7.60 to $10.30, maintaining a "neutral" rating. Grifols shares opened at $8.77, with a market cap of $6.03 billion and a P/E ratio of 7.50. The company specializes in plasma therapeutics, providing treatments for various medical conditions. Recent hedge fund activity shows increased stakes in Grifols, indicating growing investor interest.
Grifols (NASDAQ:GRFS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.
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Separately, JPMorgan Chase & Co. raised their target price on Grifols from $7.60 to $10.30 and gave the stock a "neutral" rating in a research note on Tuesday.
View Our Latest Analysis on Grifols
Grifols Trading Up 0.8%
Shares of GRFS stock opened at $8.77 on Friday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.31 and a beta of 0.53. The stock has a 50-day moving average of $7.90 and a 200-day moving average of $7.60. The company has a current ratio of 2.60, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Grifols has a 1-year low of $5.79 and a 1-year high of $9.96.
Institutional Investors Weigh In On Grifols
A number of hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Grifols by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,200 shares of the biotechnology company's stock valued at $247,000 after acquiring an additional 1,657 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Grifols by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 46,078 shares of the biotechnology company's stock valued at $328,000 after purchasing an additional 2,026 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Grifols by 14.9% during the first quarter. Sequoia Financial Advisors LLC now owns 26,230 shares of the biotechnology company's stock worth $186,000 after acquiring an additional 3,399 shares during the period. Versant Capital Management Inc bought a new stake in Grifols during the first quarter worth $28,000. Finally, HighTower Advisors LLC lifted its holdings in Grifols by 28.3% during the fourth quarter. HighTower Advisors LLC now owns 17,866 shares of the biotechnology company's stock worth $133,000 after acquiring an additional 3,936 shares during the period.
About Grifols
(Get Free Report)Grifols, SA operates as a plasma therapeutic company in Spain, the United States, Canada, and internationally. The company provides immunoglobulin to treat immunodeficiencies; albumin used to restore circulatory volume and protein loss in pathophysiological conditions, such as liver cirrhosis, cardiocirculatory failure, trauma and severe burns; alpha-1 proteinase inhibitor, a plasma protein, used to treat a genetic disease known as alpha-1; factorVIII/von Willerbrand factor and factor IX, clotting factors for the treatment of hemophilia A and von Willebrand's disease, as well as hemophilia B; antithrombin III to treat hereditary antithrombin deficiency; Fostamatinib, a spleen tyrosine kinase inhibitor; combination of fibrinogen and enzyme thrombin that acts as a biological sealant to control surgical bleeding; and plasma exchange with albumin used to treat Alzheimer's disease.
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