Economy

Analyst Research and Recommendations: AutoWeb, Inc. (AUTO), Keryx Biopharmaceuticals, Inc. (KERX)

(NASDAQ:KERX) have been given a consensus rating of "Hold" by the fourteen research firms that are now covering the company.

Analysts have given a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Ameritas Investment invested in 6,152 shares or 0% of the stock. Keryx Biopharmaceuticals now has an average rating of "Hold" and a consensus price target of $7.48. Zacks Investment Research cut Keryx Biopharmaceuticals from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd. In a report issued on September 12, Raymond James analyst Reni Benjamin maintained a Buy rating on KERX, with a price target of $9, which implies an upside of 44% from current levels. The rating was downgraded by Brean Capital to "Hold" on Tuesday, August 2.

A number of institutional investors have recently modified their holdings of KERX.

In the wake of the FDA approval, Keryx shares are falling almost 12% to $5.50.

Currently Keryx Biopharm Inc (NASDAQ:KERX)'s shares owned by insiders are 0.9%, whereas shares owned by institutional owners are 67.7%.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) ended its day at $6.37 with the rising stream of 10.78% and its total traded volume was 3.92 million shares more than the average volume. BlackRock Group LTD raised its position in shares of Keryx Biopharmaceuticals by 5.0% in the third quarter. Legal & General Group Plc now owns 25,985 shares of the biopharmaceutical company's stock worth $161,000 after purchasing an additional 300 shares in the last quarter. BlackRock Advisors LLC now owns 45,653 shares of the biopharmaceutical company's stock valued at $242,000 after buying an additional 2,413 shares during the period. Finally, Legal & General Group Plc increased its holdings in Keryx Biopharmaceuticals by 1.2% during the 1st quarter.

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Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX), at its latest closing price of $6.37, it has a price-to-book ratio of 29.43, compared to an industry average at 20.78. However the company reported $-0.39 earnings per share for the same quarter during previous year. The company has a 50 day moving average of $5.19 and a 200 day moving average of $5.48. The company has market cap of $619.88 million. The stock volatility for the week was 8.60% while for the month was 7.08%.

Keryx Biopharmaceuticals Inc. (KERX) has the market capitalization of $667.79 Million. Keryx Biopharmaceuticals, Inc. has 107.19 million shares outstand ing, and in the last trade has seen ATR around 0.43.

Looking forward, the company's quarterly earnings are expected to come at $0.44 in the three months through December 2017 and $0.51 in the quarter ending March 2018, reflecting -2.22% and 8.51% growth, respectively.

Keryx Biopharmaceuticals, Inc.is a biopharmaceutical firm focused on the development of medicines for people with renal disease. Revenue during the quarter was $15.14 million, representing 63% growth from $9.29 million in year-ago quarter. The 1 year EPS growth rate is -28.40%. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.



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