Madrigal Pharmaceuticals (MDGL) Given New $105.00 Price Target at HC Wainwright

Madrigal Pharmaceuticals (NASDAQ:MDGL) had its price target hoisted by research analysts at JMP Securities from $63.00 to $125.00 in a research report issued to clients and investors on Wednesday. HC Wainwright's target price would suggest a potential upside of 126.78% from the company's previous close. Finally, Roth Capital initiated coverage on shares of Madrigal Pharmaceuticals in a research report on Thursday, October 19th. They set a buy rating and a $62.00 price target for the company. Evercore ISI initiated coverage on Madrigal Pharmaceuticals in a research report on Friday, September 22nd.

Shares of Madrigal Pharmaceuticals (NASDAQ:MDGL) traded up $40.88 during trading hours on Wednesday, reaching $87.18. They set an outperform rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company's stock had a trading volume of 86,700 shares, compared to its average volume of 44,074. Institutional investors and hedge funds own 21.40% of the company's stock. Madrigal Pharmaceuticals has a fifty-two week low of $13.09 and a fifty-two week high of $53.00.

Madrigal Pharmaceuticals (NASDAQ:MDGL) last announced its earnings results on Thursday, November 9th. Madrigal Pharmaceuticals, Inc. (mdgl) has 0.00% since December 7, 2016 and is. The biopharmaceutical company reported ($0.68) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.79) by $0.11. sell-side analysts forecast that Madrigal Pharmaceuticals will post -2.57 earnings per share for the current year.

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Anushka was also seen at the family court in Bandra along with her advocate to pick up the necessary forms for the court marriage. This is not the first time that rumors of Anushka and Virat Kohli's wedding stated doing the rounds.

Director, Levy Richard S, purchased 3,550 common shares of Madrigal Pharmaceuticals, Inc. Renaissance Technologies LLC now owns 57,875 shares of the biopharmaceutical company's stock valued at $891,000 after acquiring an additional 400 shares during the last quarter. Fmr Llc owns $25.63 million in Madrigal Pharmaceuticals, Inc., which represents roughly 2.62% of the company's market cap and approximately 20.67% of the institutional ownership. Bank of New York Mellon Corp boosted its position in shares of Madrigal Pharmaceuticals by 17.9% during the 3rd quarter. Northern Trust Corp now owns 50,069 shares of the biopharmaceutical company's stock valued at $814,000 after purchasing an additional 30,134 shares during the period. State Street Corp purchased a new position in shares of Madrigal Pharmaceuticals during the 2nd quarter worth approximately $539,000. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation. VHCP Management II LLC purchased a new position in shares of Madrigal Pharmaceuticals during the 3rd quarter worth approximately $1,349,000. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation.

At the end of 09/30/2017 reporting period, 33 institutional holders increased their position in Madrigal Pharmaceuticals, Inc. The Company focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular-metabolic diseases and nonalcoholic steatohepatitis (NASH).

This new data is on Madrigal's lead compound MGL-3196, a once-daily pill for NASH that works as a liver-directed selective thyroid hormone receptor β-selective agonist.

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