Axovant Sciences Ltd to Post FY2018 Earnings of ($2.10) Per Share, Jefferies Group Forecasts (AXON)

Axovant Sciences Ltd (NASDAQ:AXON) – Equities researchers at Jefferies Group decreased their FY2018 EPS estimates for shares of Axovant Sciences in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Yee now anticipates that the biotechnology company will earn ($2.10) per share for the year, down from their prior estimate of ($1.80). Jefferies Group has a “Hold” rating and a $6.00 price objective on the stock.

A number of other research firms also recently issued reports on AXON. BidaskClub downgraded shares of Axovant Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. HC Wainwright reissued a “buy” rating on shares of Axovant Sciences in a research report on Thursday, October 19th. Oppenheimer reissued a “hold” rating on shares of Axovant Sciences in a research report on Sunday, November 12th. Piper Jaffray Companies reissued a “hold” rating on shares of Axovant Sciences in a research report on Friday, November 10th. Finally, ValuEngine cut shares of Axovant Sciences from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $13.61.

Axovant Sciences (NASDAQ AXON) traded up $0.27 during midday trading on Wednesday, hitting $1.81. 1,926,800 shares of the stock were exchanged, compared to its average volume of 2,207,574. The company has a current ratio of 5.94, a quick ratio of 5.94 and a debt-to-equity ratio of 0.34. Axovant Sciences has a 1 year low of $1.47 and a 1 year high of $27.98. The company has a market capitalization of $165.46, a P/E ratio of -0.79 and a beta of -0.97.

A number of large investors have recently bought and sold shares of AXON. Oppenheimer & Co. Inc. purchased a new stake in Axovant Sciences during the third quarter valued at approximately $101,000. Cubist Systematic Strategies LLC purchased a new position in shares of Axovant Sciences in the third quarter worth $117,000. Voya Investment Management LLC purchased a new position in shares of Axovant Sciences in the second quarter worth $323,000. Virtus Fund Advisers LLC purchased a new position in shares of Axovant Sciences in the fourth quarter worth $349,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Axovant Sciences by 135.6% in the third quarter. Wells Fargo & Company MN now owns 53,695 shares of the biotechnology company’s stock worth $369,000 after buying an additional 30,905 shares during the last quarter. 96.82% of the stock is owned by institutional investors.

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Axovant Sciences Company Profile

Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.

Earnings History and Estimates for Axovant Sciences (NASDAQ:AXON)

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