Achillion Pharmaceuticals, Inc. (ACHN) Releases Earnings Results, Beats Estimates By $0.04 EPS
Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) issued its earnings results on Wednesday. The biopharmaceutical company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.04, Bloomberg Earnings reports. During the same period last year, the firm earned ($0.15) earnings per share.
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Several analysts have recently commented on the company. BidaskClub raised Achillion Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Maxim Group set a $7.00 target price on Achillion Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Robert W. Baird cut Achillion Pharmaceuticals from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Thursday, August 10th. Zacks Investment Research cut Achillion Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Chardan Capital reduced their price objective on Achillion Pharmaceuticals from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.75.
About Achillion Pharmaceuticals
Achillion Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery and development of small molecule drug therapies for infectious diseases and immune system disorders. The Company is focused on its complement inhibitor platform, directed at advancing small molecule compounds that have the potential to be used in the treatment of immune-related diseases associated with the alternative pathway of the complement system.
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