Coherus Biosciences (CHRS) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Douglas Tsao maintained a Buy rating on Coherus Biosciences (CHRSResearch Report) today and set a price target of $29.00. The company’s shares closed last Monday at $16.21.

According to TipRanks.com, Tsao is a 1-star analyst with an average return of -1.9% and a 43.9% success rate. Tsao covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Protagonist Therapeutics, and Minerva Neurosciences.

Currently, the analyst consensus on Coherus Biosciences is a Moderate Buy with an average price target of $37.00, a 136.7% upside from current levels. In a report issued on October 22, Mizuho Securities also maintained a Buy rating on the stock with a $43.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $23.91 and a one-year low of $8.32. Currently, Coherus Biosciences has an average volume of 1.02M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHRS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coherus BioSciences, Inc. is a commercial-stage clinical biologics platform company, which engages in the development and commercialization of biosimilar therapeutics. Its clinical products include pegfilgrastim biosimilar, adalimumab biosimilar, etanercept biosimilar, ranibizumab biosimilar, and aflibercept biosimilar.