arGEN-X BV (ARGX) Expected to Post Quarterly Sales of $8.56 Million

Equities analysts expect arGEN-X BV (NASDAQ:ARGX) to post sales of $8.56 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for arGEN-X BV’s earnings, with the lowest sales estimate coming in at $7.35 million and the highest estimate coming in at $9.35 million. The firm is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that arGEN-X BV will report full year sales of $29.88 million for the current year, with estimates ranging from $19.66 million to $39.36 million. For the next year, analysts expect that the company will post sales of $27.24 million per share, with estimates ranging from $15.27 million to $39.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover arGEN-X BV.

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Several analysts recently commented on the company. JMP Securities boosted their price target on arGEN-X BV from $74.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Zacks Investment Research cut arGEN-X BV from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. SunTrust Banks assumed coverage on arGEN-X BV in a research report on Sunday, April 8th. They set a “buy” rating and a $125.00 price target for the company. Finally, Piper Jaffray boosted their price target on arGEN-X BV to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. arGEN-X BV presently has a consensus rating of “Buy” and a consensus price target of $86.00.

Shares of ARGX opened at $84.50 on Friday. arGEN-X BV has a one year low of $17.33 and a one year high of $87.00.

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About arGEN-X BV

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead clinical stage product candidates include ARGX-113, a product in Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis and immune thrombocytopenia; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of hematological cancers, such as T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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