Calyxt (NASDAQ:CLXT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Calyxt (NASDAQ:CLXT) from a strong sell rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

Several other equities research analysts also recently commented on the company. National Securities reissued a buy rating and issued a $28.00 target price (down from $35.00) on shares of Calyxt in a report on Thursday, August 8th. Zacks Investment Research downgraded Calyxt from a buy rating to a hold rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $20.00.

Calyxt stock traded up $0.07 during mid-day trading on Thursday, hitting $7.72. The company had a trading volume of 2,694 shares, compared to its average volume of 55,895. The company has a current ratio of 15.96, a quick ratio of 15.94 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $7.24 and its two-hundred day moving average price is $12.84. Calyxt has a 12 month low of $5.56 and a 12 month high of $19.30. The company has a market capitalization of $251.46 million, a PE ratio of -8.48 and a beta of 2.50.



Calyxt (NASDAQ:CLXT) last released its earnings results on Tuesday, August 6th. The company reported ($0.29) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.03. Calyxt had a negative return on equity of 36.21% and a negative net margin of 5,509.93%. The business had revenue of $0.41 million for the quarter, compared to the consensus estimate of $0.30 million. Equities research analysts anticipate that Calyxt will post -1.11 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its holdings in Calyxt by 648.7% in the first quarter. California Public Employees Retirement System now owns 87,600 shares of the company’s stock worth $1,541,000 after acquiring an additional 75,900 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Calyxt by 14.8% during the fourth quarter. Bank of America Corp DE now owns 10,300 shares of the company’s stock valued at $106,000 after purchasing an additional 1,330 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Calyxt by 55.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 527,782 shares of the company’s stock valued at $6,587,000 after purchasing an additional 188,749 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in shares of Calyxt by 51.2% during the second quarter. Nikko Asset Management Americas Inc. now owns 527,782 shares of the company’s stock valued at $6,587,000 after purchasing an additional 178,610 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Calyxt by 0.4% during the first quarter. FMR LLC now owns 4,903,294 shares of the company’s stock valued at $86,249,000 after purchasing an additional 17,440 shares in the last quarter. 28.05% of the stock is currently owned by institutional investors and hedge funds.

Calyxt Company Profile

Calyxt, Inc, a consumer-centric food- and agriculture-focused company, develops healthier specialty food ingredients and food crops using gene-editing technology for agriculture in the United States. It engages in the development of high oleic and low linolenic soybean product candidates; high fiber wheat; improved quality alfalfa product candidates; and cold storable and reduced browning potatoes.

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