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BMO Capital Maintains Their Buy Rating on Viking Therapeutics (VKTX)

In a report released today, Matthew Luchini from BMO Capital maintained a Buy rating on Viking Therapeutics (VKTXResearch Report), with a price target of $15.00. The company’s shares closed last Thursday at $6.40.

According to TipRanks.com, Luchini is a 4-star analyst with an average return of 11.5% and a 52.8% success rate. Luchini covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Applied Genetic Technologies, and Arvinas Holding Company.

Viking Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $15.10, implying a 135.9% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $21.00 price target.

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Viking Therapeutics’ market cap is currently $499.8M and has a P/E ratio of -10.10. The company has a Price to Book ratio of 2.00.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VKTX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapies for patients suffering from metabolic and endocrine disorders. The company’s clinical program VK5211, treats patients recovering from non-elective hip fracture surgery. It also specializes in development of VK2809 and VK0214. The company was founded by Brian Lian and Michael A. Dinerman on September 24, 2012 and is headquartered in San Diego, CA.