Adherex Technologies (TSE:FRX) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Adherex Technologies (TSE:FRX) in a research note issued to investors on Monday, March 12th. Wedbush also issued estimates for Adherex Technologies’ Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at ($0.56) EPS, Q1 2018 earnings at ($0.16) EPS, Q2 2018 earnings at ($0.17) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.19) EPS, FY2018 earnings at ($0.72) EPS, FY2020 earnings at $0.43 EPS, FY2021 earnings at $1.11 EPS and FY2022 earnings at $2.95 EPS.

FRX has been the subject of several other reports. HC Wainwright restated a buy rating on shares of Adherex Technologies in a research report on Tuesday, February 20th. Laidlaw began coverage on shares of Adherex Technologies in a research note on Wednesday, November 29th. They issued a buy rating and a C$22.00 price target for the company.

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TSE:FRX traded up C$1.24 during midday trading on Monday, hitting C$17.90. The company had a trading volume of 17,350 shares, compared to its average volume of 2,517. Adherex Technologies has a 52-week low of C$4.11 and a 52-week high of C$18.24.

Adherex Technologies (TSE:FRX) last announced its earnings results on Monday, March 26th. The biopharmaceutical company reported C($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.17) by C($0.02).

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Adherex Technologies Company Profile

Fennec Pharmaceuticals Inc, a biopharmaceutical company, develops product candidates for use in the treatment of cancer in the United States. Its lead product candidate is the Sodium Thiosulfate, a water soluble thiol compound that acts as a chemical reducing agent, which has completed the Phase III clinical trial for the prevention of cisplatin induced hearing loss or ototoxicity in children.

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