SunTrust Banks Analysts Increase Earnings Estimates for Adaptimmune Therapeutics PLC (NASDAQ:ADAP)

Adaptimmune Therapeutics PLC (NASDAQ:ADAP) – Equities researchers at SunTrust Banks upped their FY2017 earnings estimates for Adaptimmune Therapeutics PLC in a note issued to investors on Thursday, according to Zacks Investment Research. SunTrust Banks analyst P. Lawson now anticipates that the biotechnology company will post earnings of ($0.76) per share for the year, up from their previous forecast of ($1.12). SunTrust Banks currently has a “Buy” rating and a $10.00 target price on the stock. SunTrust Banks also issued estimates for Adaptimmune Therapeutics PLC’s Q4 2017 earnings at ($0.26) EPS, Q1 2018 earnings at ($0.25) EPS, Q2 2018 earnings at ($0.27) EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at ($0.32) EPS, FY2018 earnings at ($0.50) EPS, FY2019 earnings at ($1.12) EPS, FY2020 earnings at ($0.95) EPS and FY2021 earnings at ($0.56) EPS.

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Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Adaptimmune Therapeutics PLC from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. TheStreet upgraded shares of Adaptimmune Therapeutics PLC from a “d” rating to a “c” rating in a research note on Thursday, November 2nd. Leerink Swann reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Adaptimmune Therapeutics PLC in a research note on Friday, September 8th. BidaskClub upgraded shares of Adaptimmune Therapeutics PLC from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine upgraded shares of Adaptimmune Therapeutics PLC from a “strong sell” rating to a “sell” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.58.

Shares of Adaptimmune Therapeutics PLC (ADAP) traded down $0.16 during midday trading on Monday, reaching $7.43. 6,841 shares of the company’s stock traded hands, compared to its average volume of 259,595. Adaptimmune Therapeutics PLC has a 1-year low of $3.76 and a 1-year high of $9.29.

Institutional investors have recently made changes to their positions in the stock. Matrix Capital Management Company LP acquired a new stake in Adaptimmune Therapeutics PLC in the 2nd quarter valued at about $39,027,000. Baillie Gifford & Co. increased its position in Adaptimmune Therapeutics PLC by 4.2% during the third quarter. Baillie Gifford & Co. now owns 1,379,304 shares of the biotechnology company’s stock worth $11,297,000 after buying an additional 55,996 shares during the period. Renaissance Technologies LLC increased its position in Adaptimmune Therapeutics PLC by 75.4% during the first quarter. Renaissance Technologies LLC now owns 780,800 shares of the biotechnology company’s stock worth $4,302,000 after buying an additional 335,700 shares during the period. Wellington Management Group LLP increased its position in Adaptimmune Therapeutics PLC by 17.4% during the first quarter. Wellington Management Group LLP now owns 608,633 shares of the biotechnology company’s stock worth $3,354,000 after buying an additional 90,110 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Adaptimmune Therapeutics PLC during the first quarter worth approximately $2,883,000. Institutional investors own 68.17% of the company’s stock.

Adaptimmune Therapeutics PLC Company Profile

Adaptimmune Therapeutics plc is a clinical-stage biopharmaceutical company. The Company is focused on cancer immunotherapy products based on its Specific Peptide Enhanced Affinity Receptor (SPEAR) T-cell platform. The Company has developed a platform that enables it to identify cancer targets, find and genetically engineer TCR, and produce TCR therapeutic candidates for administration to patients.

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Earnings History and Estimates for Adaptimmune Therapeutics PLC (NASDAQ:ADAP)

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