Breaking Down argenx: 12 Analysts Share Their Views

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In the latest quarter, 12 analysts provided ratings for argenx ARGX, showcasing a mix of bullish and bearish perspectives.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 6 2 0 0
Last 30D 0 1 0 0 0
1M Ago 1 1 0 0 0
2M Ago 1 1 1 0 0
3M Ago 2 3 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for argenx, presenting an average target of $458.5, a high estimate of $521.00, and a low estimate of $402.00. This current average has increased by 5.43% from the previous average price target of $434.88.

Exploring Analyst Ratings: An In-Depth Overview

The standing of argenx among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Jason Butler JMP Securities Lowers Market Outperform $468.00 $471.00
David Nierengarten Wedbush Maintains Outperform $521.00 -
Douglas Tsao HC Wainwright & Co. Maintains Buy $451.00 -
Douglas Tsao HC Wainwright & Co. Maintains Buy $451.00 $451.00
George Farmer Scotiabank Raises Sector Perform $408.00 $402.00
Jason Butler JMP Securities Maintains Market Outperform $471.00 -
Joon Lee Truist Securities Raises Buy $440.00 $370.00
George Farmer Scotiabank Raises Sector Perform $402.00 $346.00
Jason Butler JMP Securities Raises Market Outperform $471.00 $462.00
Joel Beatty Baird Lowers Outperform $490.00 $505.00
Douglas Tsao HC Wainwright & Co. Maintains Buy $451.00 -
Derek Archila Wells Fargo Raises Overweight $478.00 $472.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to argenx. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of argenx compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of argenx's stock. This comparison reveals trends in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of argenx's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on argenx analyst ratings.

Unveiling the Story Behind argenx

Argenx is a Dutch company focused on using its antibody engineering technology to treat rare autoimmune diseases. Vyvgart (efgartigimod) was approved in the U.S. in December 2021 as a treatment for generalized myasthenia gravis, followed by approvals in Europe and Japan in 2022.

Breaking Down argenx's Financial Performance

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Over the 3 months period, argenx showcased positive performance, achieving a revenue growth rate of 133.6% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: argenx's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -24.38%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): argenx's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.42%, the company may face hurdles in achieving optimal financial performance.

Return on Assets (ROA): argenx's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.18%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: argenx's debt-to-equity ratio is below the industry average at 0.0, reflecting a lower dependency on debt financing and a more conservative financial approach.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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