AnaptysBio, Inc. (ANAB) to Post FY2017 Earnings of ($1.65) Per Share, Jefferies Group Forecasts
AnaptysBio, Inc. (NASDAQ:ANAB) – Research analysts at Jefferies Group issued their FY2017 EPS estimates for shares of AnaptysBio in a note issued to investors on Thursday. Jefferies Group analyst B. Amin anticipates that the biotechnology company will post earnings per share of ($1.65) for the year. Jefferies Group currently has a “Buy” rating and a $101.00 price objective on the stock. Jefferies Group also issued estimates for AnaptysBio’s Q4 2017 earnings at ($0.40) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.33) EPS, Q3 2018 earnings at ($0.37) EPS, Q4 2018 earnings at ($0.40) EPS, FY2018 earnings at ($1.33) EPS, FY2019 earnings at ($2.54) EPS, FY2020 earnings at ($3.27) EPS and FY2021 earnings at ($5.14) EPS.
ANAB has been the topic of several other reports. Credit Suisse Group raised their target price on AnaptysBio from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. Royal Bank Of Canada lifted their price objective on AnaptysBio from $40.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised AnaptysBio from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, August 30th. JMP Securities lifted their price objective on AnaptysBio from $45.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, October 10th. Finally, Robert W. Baird set a $69.00 price objective on AnaptysBio and gave the company a “buy” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. AnaptysBio presently has an average rating of “Buy” and a consensus price target of $76.25.
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AnaptysBio (NASDAQ ANAB) opened at $66.50 on Monday. The company has a quick ratio of 10.77, a current ratio of 10.77 and a debt-to-equity ratio of 0.09. AnaptysBio has a 12-month low of $15.17 and a 12-month high of $74.00.
AnaptysBio (NASDAQ:ANAB) last announced its earnings results on Tuesday, November 7th. The biotechnology company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.02.
In related news, major shareholder Holdings A/S Novo sold 178,600 shares of AnaptysBio stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.16, for a total transaction of $3,779,176.00. Following the sale, the insider now owns 2,436,332 shares of the company’s stock, valued at approximately $51,552,785.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. DAFNA Capital Management LLC raised its stake in AnaptysBio by 22.2% during the 2nd quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock valued at $132,000 after purchasing an additional 1,000 shares during the period. New York State Common Retirement Fund raised its stake in AnaptysBio by 21.4% during the 3rd quarter. New York State Common Retirement Fund now owns 8,500 shares of the biotechnology company’s stock valued at $297,000 after purchasing an additional 1,500 shares during the period. Teachers Advisors LLC raised its stake in AnaptysBio by 23.4% during the 2nd quarter. Teachers Advisors LLC now owns 9,520 shares of the biotechnology company’s stock valued at $228,000 after purchasing an additional 1,807 shares during the period. Alps Advisors Inc. raised its stake in AnaptysBio by 10.0% during the 3rd quarter. Alps Advisors Inc. now owns 20,034 shares of the biotechnology company’s stock valued at $700,000 after purchasing an additional 1,824 shares during the period. Finally, Legal & General Group Plc raised its stake in AnaptysBio by 160.8% during the 3rd quarter. Legal & General Group Plc now owns 3,164 shares of the biotechnology company’s stock valued at $110,000 after purchasing an additional 1,951 shares during the period. 59.04% of the stock is currently owned by institutional investors.
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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