Inflarx NV to Post FY2017 Earnings of ($0.74) Per Share, B. Riley Forecasts (IFRX)

Inflarx NV (NASDAQ:IFRX) – Research analysts at B. Riley issued their FY2017 earnings estimates for shares of Inflarx in a research report issued on Wednesday. B. Riley analyst M. Kumar anticipates that the company will post earnings of ($0.74) per share for the year. B. Riley currently has a “Buy” rating and a $40.00 target price on the stock. B. Riley also issued estimates for Inflarx’s FY2018 earnings at ($0.82) EPS, FY2019 earnings at ($0.95) EPS, FY2020 earnings at ($1.35) EPS, FY2021 earnings at ($1.77) EPS and FY2022 earnings at ($2.04) EPS.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets started coverage on shares of Inflarx in a report on Monday, December 4th. They issued an “outperform” rating and a $31.00 target price on the stock. Leerink Swann started coverage on shares of Inflarx in a report on Monday, December 4th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Inflarx in a report on Monday, December 4th. They issued an “overweight” rating and a $30.00 target price on the stock.

Inflarx (NASDAQ:IFRX) opened at $23.50 on Monday. Inflarx has a twelve month low of $14.47 and a twelve month high of $26.92.

A hedge fund recently bought a new stake in Inflarx stock. BlackRock Inc. bought a new position in Inflarx NV (NASDAQ:IFRX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,485,896 shares of the company’s stock, valued at approximately $31,129,000. BlackRock Inc. owned about 6.35% of Inflarx as of its most recent SEC filing. 0.86% of the stock is currently owned by institutional investors.

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About Inflarx

Inflarx NV, formerly Fireman BV, is a holding company for InflaRx GmbH, a Germany-based clinical-stage biopharmaceutical company. The Company’s primary focus is on the development of monoclonal antibodies targeting activation products of the complement system for application in the treatment of life-threatening inflammatory diseases.

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