Phasebio Pharmaceuticals (PHAS) Receives a Buy from H.C. Wainwright

H.C. Wainwright analyst Andrew Fein reiterated a Buy rating on Phasebio Pharmaceuticals (PHASResearch Report) today and set a price target of $18.00. The company’s shares closed last Thursday at $2.80, close to its 52-week low of $2.60.

According to TipRanks.com, Fein is a 4-star analyst with an average return of 11.4% and a 44.9% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Constellation Pharmaceuticals, and Global Blood Therapeutics.

Phasebio Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $15.00.

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The company has a one-year high of $6.85 and a one-year low of $2.60. Currently, Phasebio Pharmaceuticals has an average volume of 636K.

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PhaseBio Pharmaceuticals, Inc. is engaged in the development and commercialization of biotherapeutics for the treatment of orphan diseases. It focuses on cardiopulmonary disorders. The company was founded by Ashutosh Chilkoti and Clay Bernardin Thorp in January 2002 and is headquartered in Malvern, PA.