This biotechnology company has witnessed one negative estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.
Ultragenyx currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the biomedical industry may consider better-ranked stocks like Alexion Pharmaceuticals, Inc. (ALXN), Gilead Sciences Inc. (GILD) and Actelion Ltd. (ALIOF). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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