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Editas Medicine (EDIT) Gets a Hold Rating from Evercore ISI

In a report released yesterday, Liisa Bayko from Evercore ISI maintained a Hold rating on Editas Medicine (EDITResearch Report), with a price target of $15.00. The company’s shares closed last Friday at $16.90, close to its 52-week low of $13.25.

According to TipRanks.com, Bayko is a 4-star analyst with an average return of 8.6% and a 44.0% success rate. Bayko covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Madrigal Pharmaceuticals, and Kiniksa Pharmaceuticals.

Editas Medicine has an analyst consensus of Hold, with a price target consensus of $28.00, representing a 75.7% upside. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $19.00 price target.

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Editas Medicine’s market cap is currently $1.16B and has a P/E ratio of -5.92.

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Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR), and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu in September 2013 and is headquartered in Cambridge, MA.

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