Billionaires Portfolio: Every week I like to run a scan for stocks that are selling at a huge discount to analyst consensus price targets. I use the following parameters for my screen:
1) Market Cap has to be greater than $100 Million.
2) There has to be more than three analysts covering the stock.
3) There has to be more than three analysts that have a price target on the stock.
The following four biotech stocks (NASDAQ:IBB) have an average analyst price target that is greater than or equal to 200% higher than its current share price. Here they are:
1) Immunocellar, Symbol (NASDAQ:IMUC) has a current share price $2.78. Consensus analyst target price is $10.25. Projected return 268%.
2) Merrimack Pharmaceuticals Inc, Symbol (NASDAQ:MACK) has a current share price $3.47. Consensus analyst target price is $12.00. Projected return 245%.
3) Threshold Pharmaceuticals Inc, Symbol (NASDAQ:THLD) has a current share price $4.37. Consensus analyst target price is $13.50. Projected return 208%.
4) OncoGenex Pharmaceuticals Inc, Symbol (NASDAQ:OGXI) has a current share price $8.88. Consensus analyst target price is $26.90. Projected return 202%.
If you want to know what the world’s best Billionaire Investors and Hedge funds are buying, then you can visit The Billionaire’s Portfolio.
William Meade is the President of Pure Alpha Research, a hedge fund consulting and investment research firm. He is the former Director of Research at Zacks Investment Research in Chicago. Before that, he was the lead analyst at a top performing $1.2 Billion dollar institutional investment firm and hedge fund. Mr. Meade has a Masters in Applied Economics from The Johns Hopkins University. Learn more about William Meade and how he follows Billionaire Investors into stocks by visiting the Billionaires Portfolio.You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here