Xenon Pharmaceuticals Inc. (NASDAQ:XENE - Get Free Report) has been given a consensus rating of "Buy" by the twelve analysts that are covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $54.82.
Several analysts recently commented on XENE shares. Royal Bank Of Canada cut their price objective on shares of Xenon Pharmaceuticals from $58.00 to $55.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their price objective on shares of Xenon Pharmaceuticals from $60.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Evercore ISI started coverage on shares of Xenon Pharmaceuticals in a research report on Wednesday, May 14th. They set an "outperform" rating and a $55.00 price objective on the stock. Wall Street Zen downgraded shares of Xenon Pharmaceuticals from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Needham & Company LLC cut their price objective on shares of Xenon Pharmaceuticals from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th.
Read Our Latest Stock Report on XENE
Institutional Trading of Xenon Pharmaceuticals
Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Xenon Pharmaceuticals during the 1st quarter valued at about $30,000. GF Fund Management CO. LTD. bought a new position in shares of Xenon Pharmaceuticals in the 4th quarter worth approximately $63,000. Quarry LP bought a new position in shares of Xenon Pharmaceuticals in the 4th quarter worth approximately $78,000. Magnetar Financial LLC bought a new position in shares of Xenon Pharmaceuticals in the 4th quarter worth approximately $210,000. Finally, Vident Advisory LLC bought a new position in shares of Xenon Pharmaceuticals in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 95.45% of the company's stock.
Xenon Pharmaceuticals Stock Performance
Shares of Xenon Pharmaceuticals stock traded up $0.30 during trading on Thursday, hitting $32.98. The company's stock had a trading volume of 732,810 shares, compared to its average volume of 637,230. The company has a fifty day simple moving average of $32.11 and a two-hundred day simple moving average of $35.28. The company has a market capitalization of $2.53 billion, a PE ratio of -10.21 and a beta of 1.10. Xenon Pharmaceuticals has a 52 week low of $26.74 and a 52 week high of $46.00.
Xenon Pharmaceuticals (NASDAQ:XENE - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The biopharmaceutical company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.07. The business had revenue of $7.50 million during the quarter, compared to the consensus estimate of $1.64 million. During the same quarter in the previous year, the business earned ($0.62) earnings per share. As a group, analysts predict that Xenon Pharmaceuticals will post -3.1 EPS for the current year.
Xenon Pharmaceuticals Company Profile
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Get Free ReportXenon Pharmaceuticals Inc, a neuroscience-focused biopharmaceutical company, engages in the development of therapeutics to treat patients with neurological disorders in Canada. Its clinical development pipeline includes XEN1101, a novel and potent Kv7 potassium channel opener, which is in Phase 3 clinical trials for the treatment of epilepsy and other neurological disorders.
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