Idenix Pharmaceuticals (IDIX) Releases Quarterly Earnings, Misses Expectations By $0.22 EPS
Idenix Pharmaceuticals (NASDAQ:IDIX) announced its earnings results on Thursday. The company reported ($0.43) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.22, AmericanBankingNews.com reports.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Idenix Pharmaceuticals in a research note on Tuesday, June 10th. They now have a $5.00 price target on the stock, down previously from $24.50. On a related note, analysts at JMP Securities upgraded shares of Idenix Pharmaceuticals to a “market perform” rating in a research note on Monday, June 9th. Finally, analysts at Robert W. Baird upgraded shares of Idenix Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Idenix Pharmaceuticals currently has an average rating of “Hold” and an average price target of $5.00.
Shares of Idenix Pharmaceuticals (NASDAQ:IDIX) traded down 0.12% on Thursday, hitting $24.42. 1,409,786 shares of the company’s stock traded hands. Idenix Pharmaceuticals has a 52-week low of $2.93 and a 52-week high of $24.45. The stock’s 50-day moving average is $24.09 and its 200-day moving average is $11.27. The company’s market cap is $3.684 billion.
Idenix Pharmaceuticals, Inc (NASDAQ:IDIX) is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and France.
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