Axovant Sciences’ (AXON) Hold Rating Reiterated at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. restated their hold rating on shares of Axovant Sciences Ltd. (NASDAQ:AXON) in a research note issued to investors on Sunday. Oppenheimer Holdings also issued estimates for Axovant Sciences’ Q3 2018 earnings at ($0.54) EPS, Q4 2018 earnings at ($0.51) EPS, FY2018 earnings at ($2.34) EPS, FY2019 earnings at ($2.00) EPS, FY2020 earnings at ($1.54) EPS and FY2022 earnings at ($0.79) EPS.

Several other analysts have also commented on the company. Piper Jaffray Companies reaffirmed a hold rating on shares of Axovant Sciences in a report on Friday, November 10th. Zacks Investment Research lowered Axovant Sciences from a buy rating to a hold rating in a report on Thursday, November 9th. Chardan Capital reaffirmed a sell rating and set a $3.00 target price on shares of Axovant Sciences in a report on Friday, November 3rd. Robert W. Baird reaffirmed a hold rating and set a $6.00 target price on shares of Axovant Sciences in a report on Wednesday, November 1st. Finally, HC Wainwright reissued a buy rating on shares of Axovant Sciences in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Axovant Sciences presently has an average rating of Hold and a consensus target price of $14.13.

Shares of Axovant Sciences (NASDAQ AXON) opened at $5.03 on Friday. Axovant Sciences has a 1-year low of $4.60 and a 1-year high of $27.98. The company has a quick ratio of 5.94, a current ratio of 5.94 and a debt-to-equity ratio of 0.34.

Axovant Sciences (NASDAQ:AXON) last posted its earnings results on Monday, August 7th. The biotechnology company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.12). sell-side analysts anticipate that Axovant Sciences will post -2.16 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXON. FMR LLC lifted its position in shares of Axovant Sciences by 968.5% in the second quarter. FMR LLC now owns 7,235,632 shares of the biotechnology company’s stock valued at $167,794,000 after acquiring an additional 6,558,462 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Axovant Sciences in the second quarter valued at approximately $47,854,000. OxFORD Asset Management LLP lifted its position in shares of Axovant Sciences by 842.1% in the third quarter. OxFORD Asset Management LLP now owns 869,834 shares of the biotechnology company’s stock valued at $5,838,000 after acquiring an additional 777,505 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Axovant Sciences by 21.8% in the second quarter. Capital Research Global Investors now owns 3,453,800 shares of the biotechnology company’s stock valued at $80,094,000 after acquiring an additional 619,226 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Axovant Sciences in the third quarter valued at approximately $4,471,000.

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.

Analyst Recommendations for Axovant Sciences (NASDAQ:AXON)

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