Xencor, Inc. (XNCR) Receives Consensus Rating of “Hold” from Analysts
Shares of Xencor, Inc. (NASDAQ:XNCR) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.80.
Several brokerages recently issued reports on XNCR. ValuEngine raised Xencor from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Canaccord Genuity set a $36.00 price objective on Xencor and gave the stock a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research cut Xencor from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $35.00 price objective on shares of Xencor in a report on Sunday, November 12th. Finally, Cantor Fitzgerald began coverage on Xencor in a report on Wednesday, November 29th. They set an “overweight” rating and a $33.00 price objective for the company.
In other Xencor news, major shareholder John S. Stafford III acquired 9,215 shares of the stock in a transaction dated Thursday, December 14th. The stock was acquired at an average price of $20.76 per share, with a total value of $191,303.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John S. Stafford III acquired 24,653 shares of the stock in a transaction dated Wednesday, October 25th. The stock was acquired at an average cost of $20.01 per share, with a total value of $493,306.53. The disclosure for this purchase can be found here. Insiders have acquired 278,535 shares of company stock valued at $5,526,936 in the last three months. 4.03% of the stock is currently owned by company insiders.
Shares of Xencor (XNCR) opened at $22.27 on Friday. Xencor has a 1-year low of $18.55 and a 1-year high of $28.64.
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Xencor, Inc is a clinical-stage biopharmaceutical company. The Company is focused on discovering and developing engineered monoclonal antibodies to treat severe and life threatening diseases. It has developed two clinical-stage product candidates, using its Immune Inhibitor Fc platform: XmAb5871, which is in two Phase II trials and is being developed for autoimmune disease, and XmAb7195, which is in a Phase I trial and is being developed for asthma and allergic diseases.
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