Arbutus Biopharma Corp (ABUS) Given Consensus Rating of “Hold” by Brokerages
Shares of Arbutus Biopharma Corp (NASDAQ:ABUS) have earned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.80.
Several research firms have recently weighed in on ABUS. JMP Securities reiterated an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of Arbutus Biopharma in a report on Wednesday, October 4th. Chardan Capital reiterated a “buy” rating on shares of Arbutus Biopharma in a report on Tuesday. Zacks Investment Research cut shares of Arbutus Biopharma from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub upgraded shares of Arbutus Biopharma from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine cut shares of Arbutus Biopharma from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th.
A number of institutional investors and hedge funds have recently made changes to their positions in ABUS. Point72 Asset Management L.P. acquired a new position in Arbutus Biopharma during the third quarter worth $1,393,000. RTW Investments LP boosted its holdings in Arbutus Biopharma by 1.1% during the third quarter. RTW Investments LP now owns 5,266,280 shares of the biopharmaceutical company’s stock worth $32,651,000 after purchasing an additional 56,457 shares during the last quarter. OxFORD Asset Management LLP boosted its holdings in Arbutus Biopharma by 49.2% during the third quarter. OxFORD Asset Management LLP now owns 124,273 shares of the biopharmaceutical company’s stock worth $778,000 after purchasing an additional 40,963 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Arbutus Biopharma by 2.7% during the second quarter. Vanguard Group Inc. now owns 77,413 shares of the biopharmaceutical company’s stock worth $279,000 after purchasing an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 59.97% of the company’s stock.
Arbutus Biopharma (NASDAQ:ABUS) last released its quarterly earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.21. equities research analysts predict that Arbutus Biopharma will post -1.29 earnings per share for the current fiscal year.
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About Arbutus Biopharma
Arbutus Biopharma Corporation, formerly Tekmira Pharmaceuticals Corporation, is a therapeutic solutions company. The Company is engaged in discovering, developing and commercializing a cure for patients suffering from chronic hepatitis B infection (HBV), a disease of the liver caused by the hepatitis B virus (HBV).
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