Shares of Merus NV (NASDAQ:MRUS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $17.33 for the company and are anticipating that the company will post ($0.51) EPS for the current quarter, according to Zacks. Zacks has also assigned Merus NV an industry rank of 111 out of 265 based on the ratings given to related companies.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Merus NV from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, August 12th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price target on shares of Merus NV in a report on Wednesday, July 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $14.00 price target on shares of Merus NV in a report on Tuesday, July 12th.
Merus NV (NASDAQ:MRUS) traded up 8.27% during trading on Friday, reaching $18.32. 719 shares of the company traded hands. The company’s 50-day moving average price is $12.27 and its 200 day moving average price is $9.97. The firm’s market capitalization is $294.57 million. Merus NV has a 52 week low of $7.26 and a 52 week high of $19.40.
Merus NV (NASDAQ:MRUS) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.09. On average, equities research analysts expect that Merus NV will post ($2.18) EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Platinum Investment Management Ltd. acquired a new stake in shares of Merus NV during the second quarter worth approximately $559,000. Iguana Healthcare Management LLC bought a new position in Merus NV during the second quarter valued at about $1,598,000. Tekla Capital Management LLC bought a new position in Merus NV during the second quarter valued at about $2,113,000. Finally, Franklin Resources Inc. bought a new position in Merus NV during the second quarter valued at about $5,192,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.
About Merus NV