ARGENX SE-ADR (ARGX) Given Consensus Recommendation of “Strong Buy” by Brokerages
Shares of ARGENX SE-ADR (NASDAQ:ARGX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $30.33 for the company, according to Zacks. Zacks has also assigned ARGENX SE-ADR an industry rank of 167 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on the stock. Cowen and Company reaffirmed a “buy” rating on shares of ARGENX SE-ADR in a research note on Thursday, August 24th. Zacks Investment Research raised shares of ARGENX SE-ADR from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday.
Shares of ARGENX SE-ADR (NASDAQ ARGX) opened at $23.21 on Friday.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC purchased a new stake in ARGENX SE-ADR during the 2nd quarter valued at about $15,990,000. VHCP Management II LLC purchased a new stake in ARGENX SE-ADR during the 2nd quarter valued at about $13,615,000. Pictet Asset Management Ltd. purchased a new stake in ARGENX SE-ADR during the 3rd quarter valued at about $11,812,000. Federated Investors Inc. PA purchased a new stake in ARGENX SE-ADR during the 2nd quarter valued at about $9,545,000. Finally, Franklin Resources Inc. purchased a new stake in ARGENX SE-ADR during the 2nd quarter valued at about $7,424,000. 22.74% of the stock is owned by institutional investors.
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ARGENX SE-ADR Company Profile
argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The companys lead clinical stage product candidates include ARGX-113, a product in Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis and immune thrombocytopenia; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of hematological cancers, such as T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.
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