AveXis (AVXS) Given a $120.00 Price Target at Morgan Stanley

Morgan Stanley set a $120.00 target price on AveXis (NASDAQ:AVXS) in a research note issued to investors on Friday, January 5th. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on AVXS. Citigroup set a $132.00 price objective on AveXis and gave the stock a buy rating in a research report on Friday, January 5th. Canaccord Genuity set a $110.00 target price on AveXis and gave the stock a hold rating in a research note on Wednesday, December 20th. BidaskClub cut AveXis from a hold rating to a sell rating in a research note on Thursday, December 14th. Bank of America cut their target price on AveXis from $115.00 to $112.00 and set a buy rating on the stock in a research report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $130.00 target price (up previously from $123.00) on shares of AveXis in a research report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $111.67.

AveXis (NASDAQ AVXS) traded up $1.16 during trading on Friday, reaching $117.50. The company’s stock had a trading volume of 624,968 shares, compared to its average volume of 383,821. The company has a market capitalization of $3,720.14, a P/E ratio of -21.06 and a beta of 2.46. AveXis has a 1 year low of $50.56 and a 1 year high of $119.00.

AveXis (NASDAQ:AVXS) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.48) by ($0.04). During the same period in the prior year, the company posted ($0.87) earnings per share. sell-side analysts anticipate that AveXis will post -6.23 earnings per share for the current fiscal year.

In other AveXis news, insider Brian K. Kaspar sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $101.23, for a total transaction of $1,518,450.00. Following the completion of the transaction, the insider now owns 1,841,019 shares of the company’s stock, valued at approximately $186,366,353.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $101.26, for a total value of $180,242.80. Following the transaction, the vice president now directly owns 1,780 shares of the company’s stock, valued at approximately $180,242.80. The disclosure for this sale can be found here. Insiders sold a total of 52,340 shares of company stock valued at $5,318,845 over the last quarter. Company insiders own 18.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new position in shares of AveXis in the 3rd quarter worth approximately $116,000. Cubist Systematic Strategies LLC raised its position in shares of AveXis by 688.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,806 shares of the company’s stock worth $175,000 after acquiring an additional 1,577 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of AveXis in the 3rd quarter worth approximately $200,000. Deschutes Portfolio Strategy LLC bought a new position in shares of AveXis in the 3rd quarter worth approximately $203,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of AveXis by 331.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,112 shares of the company’s stock worth $174,000 after acquiring an additional 1,622 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/01/13/avexis-avxs-given-a-120-00-price-target-by-morgan-stanley-analysts.html.

AveXis Company Profile

AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.

Analyst Recommendations for AveXis (NASDAQ:AVXS)

Receive News & Ratings for AveXis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AveXis and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply