Agenus Downgraded by Zacks to “Neutral” (AGEN)
Agenus (NASDAQ:AGEN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday. They currently have a $4.20 price target on the stock. Zacks‘s price target would indicate a potential upside of 25.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HC Wainwright reiterated a “buy” rating on shares of Agenus in a research note on Tuesday, July 1st. Analysts at Maxim Group cut their price target on shares of Agenus from $17.00 to $11.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock.
Agenus (NASDAQ:AGEN) traded down 1.76% during mid-day trading on Wednesday, hitting $3.34. The stock had a trading volume of 668,830 shares. Agenus has a 52-week low of $2.27 and a 52-week high of $5.27. The stock’s 50-day moving average is $3.24 and its 200-day moving average is $3.22. The company’s market cap is $207.9 million.
Agenus (NASDAQ:AGEN) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.13) by $0.12. The company had revenue of $0.72 million for the quarter, compared to the consensus estimate of $0.55 million. On average, analysts predict that Agenus will post $-0.54 earnings per share for the current fiscal year.
Agenus Inc, including its subsidiaries, (NASDAQ:AGEN) is a biotechnology company focused on the development and commercialization of technologies to treat cancers and infectious diseases.
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