Axovant Sciences Ltd. (AXON) Receives Consensus Rating of “Buy” from Brokerages
Axovant Sciences Ltd. (NYSE:AXON) has earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $28.17.
Several equities analysts have commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $31.00 price objective on shares of Axovant Sciences in a report on Friday, June 9th. CIBC upped their price target on shares of Axovant Sciences from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. upped their price target on shares of Axovant Sciences from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Axovant Sciences from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price objective (up previously from $22.00) on shares of Axovant Sciences in a research report on Tuesday, June 13th.
In related news, Director W Anthony Vernon acquired 53,937 shares of Axovant Sciences stock in a transaction dated Monday, April 17th. The stock was bought at an average price of $18.54 per share, with a total value of $999,991.98. Following the transaction, the director now directly owns 53,937 shares in the company, valued at approximately $999,991.98. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David Hung bought 539,375 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was purchased at an average price of $18.54 per share, for a total transaction of $10,000,012.50. Following the completion of the acquisition, the insider now owns 539,375 shares in the company, valued at $10,000,012.50. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.
Several institutional investors have recently modified their holdings of AXON. Candriam Luxembourg S.C.A. boosted its position in shares of Axovant Sciences by 77.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 160,000 shares of the biotechnology company’s stock valued at $2,391,000 after buying an additional 70,000 shares during the period. Woodstock Corp boosted its position in shares of Axovant Sciences by 55.0% in the first quarter. Woodstock Corp now owns 35,003 shares of the biotechnology company’s stock valued at $523,000 after buying an additional 12,417 shares during the period. Teachers Advisors LLC boosted its position in shares of Axovant Sciences by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 41,303 shares of the biotechnology company’s stock valued at $513,000 after buying an additional 2,038 shares during the period. Norges Bank bought a new position in shares of Axovant Sciences during the fourth quarter valued at $508,000. Finally, Artal Group S.A. boosted its position in shares of Axovant Sciences by 20.0% in the fourth quarter. Artal Group S.A. now owns 300,000 shares of the biotechnology company’s stock valued at $3,726,000 after buying an additional 50,000 shares during the period.
Axovant Sciences (NYSE AXON) traded up 1.50% during mid-day trading on Friday, reaching $21.03. 512,248 shares of the company’s stock traded hands. The company’s market capitalization is $2.26 billion. The company has a 50-day moving average of $22.55 and a 200-day moving average of $16.39. Axovant Sciences has a 52-week low of $11.01 and a 52-week high of $25.18.
Axovant Sciences (NYSE:AXON) last issued its earnings results on Tuesday, June 13th. The biotechnology company reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.02. Equities research analysts expect that Axovant Sciences will post ($2.11) EPS for the current year.
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About Axovant Sciences
Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.
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