Exelixis, Inc. (EXEL) Given Consensus Recommendation of “Buy” by Analysts
Shares of Exelixis, Inc. (NASDAQ:EXEL) have been given an average rating of “Buy” by the fifteen research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $29.44.
Several brokerages have weighed in on EXEL. Oppenheimer set a $40.00 price objective on Exelixis and gave the company a “buy” rating in a research note on Thursday. BidaskClub upgraded Exelixis from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. Piper Jaffray Companies dropped their price objective on Exelixis from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, November 5th. Guggenheim began coverage on Exelixis in a research note on Monday, September 17th. They set a “buy” rating on the stock. Finally, Goldman Sachs Group began coverage on Exelixis in a research note on Monday, September 17th. They set a “neutral” rating and a $22.00 price objective on the stock.
In other news, insider Michael Morrissey sold 25,000 shares of Exelixis stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $17.22, for a total transaction of $430,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Patrick J. Haley sold 20,000 shares of Exelixis stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $17.32, for a total value of $346,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 216,500 shares of company stock worth $3,692,860 over the last quarter. Company insiders own 4.80% of the company’s stock.
Shares of NASDAQ:EXEL opened at $17.92 on Monday. The company has a current ratio of 8.66, a quick ratio of 8.54 and a debt-to-equity ratio of 0.01. Exelixis has a 1-year low of $13.42 and a 1-year high of $32.20. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.06 and a beta of 2.29.
Exelixis (NASDAQ:EXEL) last issued its quarterly earnings data on Thursday, November 1st. The biotechnology company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.22. Exelixis had a return on equity of 55.71% and a net margin of 49.53%. The business had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $174.14 million. During the same period last year, the business earned $0.26 EPS. The business’s revenue was up 47.8% on a year-over-year basis. As a group, sell-side analysts forecast that Exelixis will post 1.3 earnings per share for the current year.
Exelixis Company Profile
Exelixis, Inc, a biotechnology company, engages in the discovery, development, and commercialization of new medicines to enhance care and outcomes for people with cancer. The company's products include CABOMETYX tablets for the treatment of patients with advanced renal cell carcinoma who received prior anti-angiogenic therapy; and COMETRIQ capsules for the treatment of patients with progressive and metastatic medullary thyroid cancer.
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