Economy

What Analysts Suggest About Innoviva Inc (INVA)?

Synchronoss Technolo (NASDAQ:SNCR) has a market capitalization of $521.08 Million and most recently 46.86 Million outstanding shares have been calculated. Fmr Llc owns $222.48 million in Innoviva, Inc., which represents roughly 16.98% of the company's market cap and approximately 20.73% of the institutional ownership. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Zacks Investment Research lowered shares of Innoviva from a "buy" rating to a "hold" rating in a research report on Wednesday, September 14th. The stock now has a consensus rating of "Hold" and a consensus target price of $13.60. Synchronoss Technolo (NASDAQ:SNCR)'s price distance from 52-week high is -77.73 and from 52-week low is 27.67. Currently, the stock is -19.77% from its 50-Day High and 0.42% from the 50-day low. Finally, Morgan Stanley restated an "underweight" rating and issued a $8.00 target price (up from $7.00) on shares of Innoviva in a research note on Friday, October 6th.

Synchronoss Technolo (NASDAQ:SNCR)'s shares slipped -15.69% in the past week and soared 23.01% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -54.83% while its year to date performance is at -70.97%. Synchronoss Technolo (NASDAQ:SNCR) has a Return on Assets (ROA) of 1.7. The stock witnessed -15.61% declines, -14.25% declines and -6.83% declines for the 1-month, 3-month and 6-month period, respectively. Parametric Portfolio Associates LLC now owns 130,907 shares of the biotechnology company's stock worth $1,810,000 after acquiring an additional 34,534 shares in the last quarter. To measure price-variation, we found INVA's volatility during a week at 6.74% and during a month it has been found around 3.71%. Its book value per share for the most recent quarter is $-2.76 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $1.22, however its price to cash per share ratio for the same period is 9.65. Total debt to equity ratio of Synchronoss Technolo (NASDAQ:SNCR) for most recent quarter is 0.41 whereas long term debt to equity ratio for most recent quarter is 0.36. Finally, Robert W. Baird reissued a neutral rating and issued a $13.00 target price (up from $11.00) on shares of Innoviva in a report on Thursday, July 27th.

At the end of 06/30/2017 reporting period, 94 institutional holders increased their position in Innoviva, Inc. 22, 2017. The company's shares were given away at $11.85 per share worth to an income of some $21,626 on account of Desparbes Eric. The original version of this story can be viewed at https://www.truebluetribune.com/2017/10/26/cowen-and-company-analysts-give-innoviva-inc-inva-a-16-00-price-target.html. Stock's minimum price target estimates has been figured out at $8 while the maximum price target forecast is established at $16. Innoviva has a one year low of $8.67 and a one year high of $14.87. Out of rating recommendations 0 have given the stock a Buy while 1 recommend the stock as Outperform. Innoviva, Inc. (NASDAQ:INVA) now has an ABR of 3.06 heading into today's announcement.

State of New Jersey Common Pension Fund D maintained its position in shares of Innoviva, Inc. Its price distance from 52-week high is -6.59 and from 52-week low is 60.21. The firm has a 50 day moving average price of $10.74 and a 200 day moving average price of $11.06. (NASDAQ:INVA) posted quarterly earnings of $0.3 which compared to the sell-side estimates of 0.33. The company's price to free cash flow for trailing twelve months is 0. Relative strength index (RSI-14) for Innoviva Inc (NASDAQ:INVA) is at 51.35. The brokerage presently has a "buy" rating on the biotechnology company's stock.



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