Robert W. Baird analyst Eric Coldwell maintained a Buy rating on Charles River Labs (CRL – Research Report) on June 8 and set a price target of $336.00. The company’s shares closed last Thursday at $225.71, close to its 52-week low of $217.20.
According to TipRanks.com, Coldwell is a 4-star analyst with an average return of 9.0% and a 51.8% success rate. Coldwell covers the Healthcare sector, focusing on stocks such as Quest Diagnostics, AmerisourceBergen, and Cardinal Health.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Charles River Labs with a $337.09 average price target.
Charles River Labs’ market cap is currently $12.04B and has a P/E ratio of 28.86.
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Charles River Laboratories International, Inc. is an early-stage contract research company, which provides essential products and services to help pharmaceutical and biotechnology companies, government agencies and academic institutions. It operates through the following segments: Research Models & Services, Discovery & Safety Assessment and Manufacturing Support. The Research Models & Services segment comprises of the production and sale of research models, and also offers services designed to support its client’s use of research models in screening non-clinical drug candidates. The Discovery & Safety Assessment segment offers discovery and safety assessment services, both regulated and non-regulated, in which it include both in vivo and in vitro studies, supporting laboratory services, and strategic preclinical consulting and program management to support product development. The Manufacturing Support segment provides endotoxin and microbial detection, avian vaccine and biologics testing solutions. The company was founded by Henry L. Foster in 1947 and is headquartered in Wilmington, MA.
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