Bavarian Nordic (BVNRY) Raised to “Hold” at Zacks Investment Research
Bavarian Nordic (OTCMKTS:BVNRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “Bavarian Nordic A/S is a biotechnology company. It focused on the development, manufacturing and commercialization of cancer immunotherapies and vaccines for infectious diseases. The company’s product pipeline consists of IMVAMUNE(R), PROSTVAC (R), MVA-BN Brachyury, CV-301, MVA-BN Filo which are in clinical trial stage. Bavarian Nordic A/S is headquartered in Kvistgaard, Denmark. “
Separately, Maxim Group reaffirmed a “hold” rating on shares of Bavarian Nordic in a research note on Friday, September 15th.
Bavarian Nordic (OTCMKTS:BVNRY) last released its quarterly earnings results on Friday, August 25th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.07). The firm had revenue of $58.68 million for the quarter, compared to the consensus estimate of $50.65 million. Bavarian Nordic had a return on equity of 11.16% and a net margin of 15.48%. sell-side analysts anticipate that Bavarian Nordic will post 0.19 earnings per share for the current year.
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About Bavarian Nordic
Bavarian Nordic A/S, a biotechnology company, develops, manufactures, and commercializes a portfolio of novel vaccines for the prevention and treatment of life-threatening infectious diseases and cancer. The company markets non-replicating smallpox vaccine under the IMVAMUN and IMVANE names. It is also developing MVA-BN Filo that is in Phase III trial for the treatment of Ebola and Marburg; MVA-BN RSV, which is in Phase II clinical development stage for the prevention of respiratory syncytial virus; and MVA-BN HPV that is in preclinical development stage to treat human papillomavirus.
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