Aptose Biosciences (APTO) Gets a Buy Rating from RBC Capital

RBC Capital analyst Gregory Renza maintained a Buy rating on Aptose Biosciences (APTOResearch Report) on March 22 and set a price target of $7.00. The company’s shares closed last Wednesday at $1.22, close to its 52-week low of $1.00.

According to TipRanks.com, Renza is a 1-star analyst with an average return of -2.0% and a 40.0% success rate. Renza covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Verrica Pharmaceuticals, and Pacira Pharmaceuticals.

Aptose Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $7.73, implying a 549.6% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a C$12.00 price target.

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Based on Aptose Biosciences’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.33 million. In comparison, last year the company had a GAAP net loss of $13.25 million.

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Aptose Biosciences, Inc. is a clinical-stage oncology company, which engages in the discovery, research, and development of anti-cancer therapies. Its product pipeline includes APTO-253, a small molecule that induces expression of the Kruppel-Like Factor 4 genes; and CG-806 a non-covalent small molecule therapeutic agent. The company was founded on September 5, 1986 and is headquartered in Toronto, Canada.

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