Leerink Partners Keeps a Hold Rating on Athenex (ATNX)

By Austin Angelo

Leerink Partners analyst Jonathan Chang maintained a Hold rating on Athenex (ATNXResearch Report) on May 5. The company’s shares closed last Friday at $4.60, close to its 52-week low of $3.66.

According to TipRanks.com, Chang is a 4-star analyst with an average return of 25.0% and a 47.1% success rate. Chang covers the Healthcare sector, focusing on stocks such as Karyopharm Therapeutics, Mersana Therapeutics, and Revolution Medicines.

Currently, the analyst consensus on Athenex is a Moderate Buy with an average price target of $9.40, representing a 128.7% upside. In a report issued on May 6, Needham also assigned a Hold rating to the stock.

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Athenex’s market cap is currently $430.1M and has a P/E ratio of -2.70. The company has a Price to Book ratio of 3.29.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATNX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Athenex, Inc. is a biopharmaceutical company, which engages in the discovery, development and commercialization of novel therapies for the treatment of cancer.It operates through the following segments: Oncology Innovation Platform, Global Supply Chain Platform, and Commercial Platform. The Oncology Innovation Platform segment involves in discovery and development of cancer supportive therapies. The Global Supply Chain Platform segment consists of manufacturing and marketing of API, medical devices, and clinical products. The Commercial Platform segment engages in manufacturing and selling of commercial pharmaceutical products. The company was founded by Lyn M. Dyster and David G. Hangauer in November 2003 and is headquartered in Buffalo, NY.