Aquinox Pharmaceuticals Inc Forecasted to Post FY2019 Earnings of ($1.59) Per Share (AQXP)

Aquinox Pharmaceuticals Inc (NASDAQ:AQXP) – Research analysts at Cantor Fitzgerald issued their FY2019 earnings per share (EPS) estimates for Aquinox Pharmaceuticals in a research report issued to clients and investors on Tuesday, March 13th, Zacks Investment Research reports. Cantor Fitzgerald analyst W. Tanner anticipates that the company will earn ($1.59) per share for the year. Cantor Fitzgerald currently has a “Buy” rating and a $28.00 price objective on the stock.

Aquinox Pharmaceuticals (NASDAQ:AQXP) last posted its earnings results on Monday, March 12th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.10).

Several other research analysts also recently commented on the company. ValuEngine raised Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Aquinox Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Friday, March 16th. BidaskClub raised Aquinox Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Guggenheim assumed coverage on Aquinox Pharmaceuticals in a research note on Thursday, February 8th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Canaccord Genuity set a $22.00 target price on Aquinox Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Aquinox Pharmaceuticals has an average rating of “Hold” and an average price target of $22.80.

NASDAQ AQXP opened at $13.44 on Thursday. Aquinox Pharmaceuticals has a 52 week low of $10.02 and a 52 week high of $16.90. The stock has a market capitalization of $326.76, a PE ratio of -6.28 and a beta of -14.31.

A number of institutional investors and hedge funds have recently modified their holdings of AQXP. D.A. Davidson & CO. raised its stake in Aquinox Pharmaceuticals by 42.8% during the 4th quarter. D.A. Davidson & CO. now owns 14,350 shares of the company’s stock valued at $169,000 after purchasing an additional 4,300 shares during the period. Investment Centers of America Inc. bought a new stake in Aquinox Pharmaceuticals during the 3rd quarter valued at approximately $175,000. Citadel Advisors LLC bought a new stake in Aquinox Pharmaceuticals during the 3rd quarter valued at approximately $194,000. Eversept Partners LLC bought a new stake in Aquinox Pharmaceuticals during the 4th quarter valued at approximately $235,000. Finally, Deutsche Bank AG raised its stake in Aquinox Pharmaceuticals by 157.6% during the 4th quarter. Deutsche Bank AG now owns 21,878 shares of the company’s stock valued at $257,000 after purchasing an additional 13,385 shares during the period. 91.45% of the stock is currently owned by institutional investors.

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Aquinox Pharmaceuticals Company Profile

Aquinox Pharmaceuticals, Inc is a clinical-stage pharmaceutical company discovering and developing targeted therapeutics in disease areas of inflammation and immuno-oncology. The Company’s primary focus is anti-inflammatory product candidates targeting the Src Homology 2 (SH2)-containing inositol-5-phosphatase 1 (SHIP1) enzyme, which is a regulator of a cellular signaling pathway in immune cells, known as the phosphatidylinositol-4,5-bisphosphate 3-kinase (PI3K) pathway.

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