B. Riley FBR Says Its Time To “Buy” Tocagen (TOCA). Will Stock Hit Their Target of $15?

May 16, 2018 - By Thomas Roop

Why Has B. Riley FBR Given Tocagen (TOCA) a $15 Price Target

Stock research analysts at B. Riley FBR started coverage on shares of Tocagen (TOCA) in analysts report revealed to investors and clients on Wednesday morning. The broker set “Buy” rating on the stock. B. Riley FBR’s target price per share of $15 suggests potential of 53.85 % from the stock’s close price.

The stock increased 3.17% or $0.3 during the last trading session, reaching $9.75. About 141,469 shares traded or 24.89% up from the average. Tocagen Inc. (TOCA) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Tocagen Inc. (NASDAQ:TOCA) to report earnings on August, 8. They expect $-0.39 earnings per share, up 30.36 % or $0.17 from last year’s $-0.56 per share. After $-0.65 actual earnings per share reported by Tocagen Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

Tocagen Inc., a clinical-stage cancer-selective gene therapy company, focuses on developing and commercializing product candidates designed to activate a patient's immune system against their cancer. The company has market cap of $194.14 million. The Company’s cancer-selective gene therapy platform is built on retroviral replicating vectors , which are designed to deliver therapeutic genes into the DNA of cancer cells. It currently has negative earnings. The company's lead product candidate is Toca 511 & Toca FC that is under Phase III clinical trial for recurrent high-grade glioma.

More notable recent Tocagen Inc. (NASDAQ:TOCA) news were published by: Benzinga.com which released: “The Week Ahead In Biotech: PDUFA Dates, IPOs And More” on April 20, 2018, also Prnewswire.com with their article: “Tocagen to Present Updated Clinical and Preclinical Data at Three Scientific Conferences” published on April 17, 2018, Prnewswire.com published: “Tocagen to Present Preclinical Data on Anti-PD-L1 Product Candidate Toca 521 at the 2018 Annual Meeting of The …” on May 14, 2018. More interesting news about Tocagen Inc. (NASDAQ:TOCA) were released by: Seekingalpha.com and their article: “Premarket analyst action – healthcare” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

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