Rexahn Pharmaceuticals, Inc. (RNN) Given Consensus Recommendation of “Buy” by Analysts

Shares of Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) have earned a consensus rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.50.

RNN has been the subject of a number of research reports. Zacks Investment Research upgraded Rexahn Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Friday, November 10th. HC Wainwright reiterated a “buy” rating and issued a $19.50 price objective on shares of Rexahn Pharmaceuticals in a research report on Monday, November 6th. Finally, ValuEngine raised Rexahn Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Thursday, November 2nd.

An institutional investor recently bought a new position in Rexahn Pharmaceuticals stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 49,167 shares of the company’s stock, valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.16% of Rexahn Pharmaceuticals at the end of the most recent reporting period.

Shares of Rexahn Pharmaceuticals (RNN) opened at $2.03 on Thursday. Rexahn Pharmaceuticals has a 52-week low of $1.69 and a 52-week high of $7.10. The company has a market capitalization of $63.44, a P/E ratio of -2.18 and a beta of -0.65.

Rexahn Pharmaceuticals (NYSEAMERICAN:RNN) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.06.

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Rexahn Pharmaceuticals Company Profile

Rexahn Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company engaged in the discovery, development and commercialization of treatments for cancer. The Company’s clinical-stage drug candidates in active development include Archexin, RX-3117 and Supinoxin (RX-5902). Archexin is a potent inhibitor of the protein kinase Akt-1, which focuses on cancer cell proliferation, survival, angiogenesis, metastasis and drug resistance.

Analyst Recommendations for Rexahn Pharmaceuticals (NYSEAMERICAN:RNN)

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