Anavex Life Sciences (NASDAQ:AVXL) PT Set at $5.00 by Maxim Group

Maxim Group set a $5.00 price objective on Anavex Life Sciences (NASDAQ:AVXL) in a research note published on Wednesday, February 14th. The firm currently has a buy rating on the biotechnology company’s stock.

A number of other research analysts have also issued reports on AVXL. Noble Financial restated a buy rating on shares of Anavex Life Sciences in a research report on Tuesday, December 12th. ValuEngine lowered Anavex Life Sciences from a hold rating to a sell rating in a research report on Tuesday, November 21st.

Anavex Life Sciences (AVXL) traded down $0.03 during trading hours on Wednesday, reaching $2.49. The company had a trading volume of 136,000 shares, compared to its average volume of 307,965. Anavex Life Sciences has a twelve month low of $2.45 and a twelve month high of $6.49. The firm has a market cap of $110.99, a price-to-earnings ratio of -7.35 and a beta of 0.88.

Anavex Life Sciences (NASDAQ:AVXL) last released its quarterly earnings data on Wednesday, February 7th. The biotechnology company reported ($0.09) earnings per share (EPS) for the quarter. research analysts expect that Anavex Life Sciences will post -0.42 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in Anavex Life Sciences by 95.2% during the 4th quarter. Millennium Management LLC now owns 44,895 shares of the biotechnology company’s stock worth $145,000 after acquiring an additional 21,895 shares during the period. Deutsche Bank AG boosted its position in Anavex Life Sciences by 150.9% during the 4th quarter. Deutsche Bank AG now owns 82,967 shares of the biotechnology company’s stock worth $266,000 after acquiring an additional 49,904 shares during the period. Bank of New York Mellon Corp boosted its position in Anavex Life Sciences by 60.3% during the 4th quarter. Bank of New York Mellon Corp now owns 177,938 shares of the biotechnology company’s stock worth $573,000 after acquiring an additional 66,931 shares during the period. Wells Fargo & Company MN boosted its position in Anavex Life Sciences by 40.8% during the 3rd quarter. Wells Fargo & Company MN now owns 56,873 shares of the biotechnology company’s stock worth $236,000 after acquiring an additional 16,488 shares during the period. Finally, SNS Financial Group LLC acquired a new position in Anavex Life Sciences during the 3rd quarter worth $290,000. Institutional investors own 22.68% of the company’s stock.

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About Anavex Life Sciences

Anavex Life Sciences Corp., is a clinical-stage biopharmaceutical company engaged in the development of drug candidates. The Company’s lead compounds include ANAVEX 2-73, ANAVEX PLUS, a combination of ANAVEX 2-73 with donepezil (Aricept), ANAVEX 19-144, ANAVEX 1-41, ANAVEX 7-1037, ANAVEX 3-71, ANAVEX 1079, ANAVEX 1519 and ANAVEX 1066 being developed to treat Alzheimer’s disease and other central nervous system (CNS) diseases.

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