AveXis (AVXS) Price Target Raised to $152.00
Several other equities research analysts have also weighed in on AVXS. Citigroup set a $132.00 price objective on AveXis and gave the company a buy rating in a research note on Friday, January 5th. Canaccord Genuity set a $110.00 price objective on AveXis and gave the company a hold rating in a research note on Wednesday, December 20th. BidaskClub lowered AveXis from a hold rating to a sell rating in a research note on Thursday, December 14th. Bank of America lowered their price objective on AveXis from $115.00 to $112.00 and set a buy rating on the stock in a research note on Friday, November 10th. Finally, Credit Suisse Group began coverage on AveXis in a research note on Wednesday, January 17th. They issued an outperform rating and a $134.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $115.37.
AveXis (NASDAQ AVXS) opened at $109.54 on Friday. AveXis has a 12 month low of $53.94 and a 12 month high of $128.00.
A number of large investors have recently bought and sold shares of AVXS. Janus Henderson Group PLC acquired a new position in AveXis during the 2nd quarter worth $55,439,000. State Street Corp lifted its holdings in AveXis by 104.2% during the 2nd quarter. State Street Corp now owns 1,000,001 shares of the company’s stock worth $82,163,000 after buying an additional 510,189 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in AveXis during the 3rd quarter worth $39,563,000. Perceptive Advisors LLC lifted its holdings in AveXis by 147.5% during the 3rd quarter. Perceptive Advisors LLC now owns 671,181 shares of the company’s stock worth $64,923,000 after buying an additional 400,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in AveXis by 31.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,575,205 shares of the company’s stock worth $129,419,000 after buying an additional 380,396 shares in the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.
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AveXis Company Profile
AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.
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