Axovant Sciences Ltd. (AXON) Earns Buy Rating from Analysts at Jefferies Group LLC

Jefferies Group LLC assumed coverage on shares of Axovant Sciences Ltd. (NYSE:AXON) in a report released on Monday, July 10th, Marketbeat Ratings reports. The brokerage issued a buy rating and a $40.00 price objective on the biotechnology company’s stock.

Other analysts also recently issued reports about the stock. Cowen and Company reiterated an outperform rating and issued a $30.00 price objective on shares of Axovant Sciences in a report on Wednesday, June 21st. BidaskClub downgraded shares of Axovant Sciences from a buy rating to a hold rating in a report on Thursday, July 6th. Piper Jaffray Companies reiterated an overweight rating and issued a $32.00 price objective on shares of Axovant Sciences in a report on Wednesday, April 12th. Oppenheimer Holdings, Inc. lifted their price objective on shares of Axovant Sciences from $30.00 to $33.00 and gave the company a neutral rating in a report on Monday, April 17th. Finally, CIBC boosted their target price on shares of Axovant Sciences from $30.00 to $33.00 and gave the stock a neutral rating in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $28.50.

Axovant Sciences (NYSE:AXON) traded up 1.39% during trading on Monday, reaching $23.40. 342,231 shares of the company’s stock traded hands. Axovant Sciences has a 1-year low of $11.01 and a 1-year high of $26.49. The stock’s market capitalization is $2.51 billion. The stock has a 50-day moving average price of $22.85 and a 200 day moving average price of $18.65.

Axovant Sciences (NYSE:AXON) last released its quarterly earnings data on Tuesday, June 13th. The biotechnology company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.51) by $0.02. Equities research analysts expect that Axovant Sciences will post ($2.20) earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Axovant Sciences during the first quarter worth about $219,000. Primecap Management Co. CA increased its position in shares of Axovant Sciences by 300.1% in the first quarter. Primecap Management Co. CA now owns 2,878,930 shares of the biotechnology company’s stock valued at $43,011,000 after buying an additional 2,159,428 shares during the last quarter. American International Group Inc. increased its position in Axovant Sciences by 7.1% in the first quarter. American International Group Inc. now owns 15,052 shares of the biotechnology company’s stock valued at $225,000 after buying an additional 998 shares in the last quarter. JPMorgan Chase & Co. increased its position in Axovant Sciences by 4.1% in the first quarter. JPMorgan Chase & Co. now owns 489,024 shares of the biotechnology company’s stock valued at $7,306,000 after buying an additional 19,129 shares in the last quarter. Finally, C WorldWide Group Holding A S purchased a new position in Axovant Sciences during the first quarter valued at about $1,637,000. 94.44% of the stock is owned by institutional investors.

About Axovant Sciences

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 (NYSE:AXON)

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