AEterna Zentaris Inc. (NASDAQ:AEZS) Given $5.50 Average Target Price by Analysts

AEterna Zentaris Inc. (NASDAQ:AEZS) (TSE:AEZ) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $5.50 for the company and are predicting that the company will post ($0.14) earnings per share for the current quarter, according to Zacks. Zacks has also assigned AEterna Zentaris an industry rank of 62 out of 256 based on the ratings given to related companies.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of AEterna Zentaris from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. ValuEngine upgraded shares of AEterna Zentaris from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, TheStreet lowered shares of AEterna Zentaris from a “c-” rating to a “d” rating in a report on Thursday, June 13th.

Several hedge funds have recently modified their holdings of the company. AJO LP acquired a new position in shares of AEterna Zentaris in the 1st quarter worth approximately $1,031,000. Acadian Asset Management LLC lifted its holdings in shares of AEterna Zentaris by 271.2% in the 1st quarter. Acadian Asset Management LLC now owns 167,222 shares of the biopharmaceutical company’s stock worth $777,000 after acquiring an additional 122,173 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of AEterna Zentaris in the 1st quarter worth approximately $179,000. O Shaughnessy Asset Management LLC acquired a new position in shares of AEterna Zentaris in the 4th quarter worth approximately $66,000. Finally, Jane Street Group LLC acquired a new position in shares of AEterna Zentaris in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

NASDAQ:AEZS opened at $2.90 on Friday. The firm has a market cap of $47.68 million, a price-to-earnings ratio of 11.60 and a beta of 1.25. The company has a 50-day moving average price of $2.85. AEterna Zentaris has a 1-year low of $1.29 and a 1-year high of $5.57.

AEterna Zentaris (NASDAQ:AEZS) (TSE:AEZ) last posted its earnings results on Tuesday, May 7th. The biopharmaceutical company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.18). The firm had revenue of $0.04 million during the quarter, compared to analyst estimates of $4.20 million. AEterna Zentaris had a negative net margin of 666.76% and a negative return on equity of 328.95%. As a group, analysts forecast that AEterna Zentaris will post 1.71 EPS for the current fiscal year.

About AEterna Zentaris

Aeterna Zentaris Inc, a specialty biopharmaceutical company, engages in developing and commercializing pharmaceutical therapies for treating oncology, endocrinology, and women's health. Its commercial product is the Macrilen, a ghrelin receptor agonist that stimulates the secretion of growth hormone by binding to the GHSR-1a, a ghrelin receptor, which is used for endocrinology and oncology indications.

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