In a report released yesterday, Jonathan Chang from Leerink Partners downgraded Athenex (ATNX) to Hold, with a price target of $5.00. The company’s shares closed last Monday at $5.46, close to its 52-week low of $5.24.
According to TipRanks.com, Chang is a 4-star analyst with an average return of 31.0% and a 49.2% success rate. Chang covers the Healthcare sector, focusing on stocks such as Karyopharm Therapeutics, Harpoon Therapeutics, and Rubius Therapeutics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athenex with a $12.00 average price target, which is a 120.2% upside from current levels. In a report released yesterday, Needham also downgraded the stock to Hold.
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The company has a one-year high of $15.24 and a one-year low of $5.24. Currently, Athenex has an average volume of 1.81M.
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Athenex, Inc. is a biopharmaceutical company, which engages in the discovery, development and commercialization of novel therapies for the treatment of cancer.It operates through the following segments: Oncology Innovation Platform, Global Supply Chain Platform, and Commercial Platform. The Oncology Innovation Platform segment involves in discovery and development of cancer supportive therapies. The Global Supply Chain Platform segment consists of manufacturing and marketing of API, medical devices, and clinical products. The Commercial Platform segment engages in manufacturing and selling of commercial pharmaceutical products. The company was founded by Lyn M. Dyster and David G. Hangauer in November 2003 and is headquartered in Buffalo, NY.
