After Mizuho Securities and BTIG gave Xencor (NASDAQ: XNCR) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Dane Leone maintained a Buy rating on Xencor yesterday and set a price target of $58.00. The company’s shares closed last Thursday at $38.56.
According to TipRanks.com, Leone is a 5-star analyst with an average return of 13.7% and a 60.1% success rate. Leone covers the Healthcare sector, focusing on stocks such as Lineage Cell Therapeutics, Adverum Biotechnologies, and Tarsus Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xencor with a $52.75 average price target, implying a 33.4% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $57.00 price target.
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The company has a one-year high of $58.35 and a one-year low of $27.38. Currently, Xencor has an average volume of 223K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XNCR in relation to earlier this year.
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Xencor, Inc. engages in the development of engineered monoclonal antibody therapeutics to treat severe and life-threatening diseases. Its proprietary technology platform, XmAb, is used to create next-generation antibody product candidates designed to treat autoimmune and allergic diseases, cancer, and other conditions. The company was founded by Bassil I. Dahiyat and Stephen L. Mayo in August 1997 and is headquartered in Monrovia, CA.
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