Athenex, Inc. (ATNX) Receives Consensus Rating of “Buy” from Analysts
Shares of Athenex, Inc. (NASDAQ:ATNX) have been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12-month consensus target price of $27.50 for the company, according to Zacks. Zacks has also given Athenex an industry rank of 159 out of 265 based on the ratings given to its competitors.
A number of research analysts recently weighed in on the company. Laidlaw assumed coverage on Athenex in a research note on Tuesday, September 19th. They issued a “buy” rating and a $36.00 price objective on the stock. Credit Suisse Group assumed coverage on Athenex in a research note on Monday, September 18th. They issued an “outperform” rating and a $25.00 price objective on the stock. Royal Bank Of Canada assumed coverage on Athenex in a research note on Thursday, September 14th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Deutsche Bank AG assumed coverage on Athenex in a research note on Monday, July 10th. They issued a “buy” rating and a $20.00 price objective on the stock.
Several hedge funds have recently modified their holdings of ATNX. Bank of New York Mellon Corp bought a new position in shares of Athenex in the 2nd quarter valued at approximately $240,000. Tudor Investment Corp ET AL bought a new position in Athenex in the 2nd quarter worth approximately $320,000. Goldman Sachs Group Inc. bought a new position in Athenex in the 2nd quarter worth approximately $601,000. California Public Employees Retirement System bought a new position in Athenex in the 2nd quarter worth approximately $800,000. Finally, Vanguard Group Inc. bought a new position in Athenex in the 2nd quarter worth approximately $800,000. 0.88% of the stock is currently owned by institutional investors and hedge funds.
Athenex (ATNX) traded down 0.84% during mid-day trading on Friday, reaching $18.99. 94,483 shares of the company were exchanged. Athenex has a 12 month low of $11.21 and a 12 month high of $20.79. The company’s market cap is $1.08 billion. The stock’s 50-day moving average is $17.43 and its 200-day moving average is $16.77.
Athenex (NASDAQ:ATNX) last issued its quarterly earnings data on Monday, August 14th. The company reported ($0.88) earnings per share for the quarter. The company had revenue of $4.60 million during the quarter. Equities analysts expect that Athenex will post ($2.22) earnings per share for the current year.
Athenex, Inc is an oncology pharmaceutical company focused on the development and commercialization of therapies for cancer diseases and supportive therapies. The Company’s technology platform is organized into three categories, including Oral Absorption Platform, Src Kinase Inhibitors and Symptom Therapeutics.
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