Lexicon Pharmaceuticals, Inc. (LXRX) Receives $26.00 Average PT from Analysts

Shares of Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.00.

Several equities analysts recently weighed in on LXRX shares. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Lexicon Pharmaceuticals in a research note on Wednesday, April 5th. Zacks Investment Research raised shares of Lexicon Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. Wedbush reissued an “outperform” rating and issued a $33.00 price objective on shares of Lexicon Pharmaceuticals in a research note on Wednesday, February 8th. HC Wainwright reissued a “buy” rating and issued a $27.00 price objective (up from $26.00) on shares of Lexicon Pharmaceuticals in a research note on Wednesday, March 1st. Finally, Citigroup Inc lifted their price objective on shares of Lexicon Pharmaceuticals from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th.

Shares of Lexicon Pharmaceuticals (NASDAQ:LXRX) traded down 0.80% during trading on Tuesday, reaching $14.88. The company’s stock had a trading volume of 274,432 shares. Lexicon Pharmaceuticals has a 12 month low of $11.52 and a 12 month high of $19.62. The firm’s market cap is $1.55 billion. The stock’s 50 day moving average price is $14.88 and its 200-day moving average price is $15.35.

Lexicon Pharmaceuticals (NASDAQ:LXRX) last posted its earnings results on Friday, March 3rd. The biopharmaceutical company reported ($0.31) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.20. The company earned $23 million during the quarter, compared to analysts’ expectations of $15.56 million. Lexicon Pharmaceuticals had a negative net margin of 11.87% and a negative return on equity of 9.46%. Lexicon Pharmaceuticals’s quarterly revenue was down 81.9% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share. Equities analysts predict that Lexicon Pharmaceuticals will post ($1.49) EPS for the current year.

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Several large investors have recently added to or reduced their stakes in LXRX. BlackRock Inc. raised its stake in Lexicon Pharmaceuticals by 478.8% in the third quarter. BlackRock Inc. now owns 18,932 shares of the biopharmaceutical company’s stock valued at $342,000 after buying an additional 15,661 shares during the period. Numeric Investors LLC purchased a new stake in Lexicon Pharmaceuticals during the fourth quarter valued at about $295,000. Boston Advisors LLC purchased a new stake in Lexicon Pharmaceuticals during the third quarter valued at about $397,000. A.R.T. Advisors LLC bought a new stake in shares of Lexicon Pharmaceuticals during the fourth quarter worth $475,000. Finally, Piermont Capital Management Inc. bought a new stake in shares of Lexicon Pharmaceuticals during the third quarter worth $642,000.

Lexicon Pharmaceuticals Company Profile

Lexicon Pharmaceuticals, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of breakthrough treatments for human disease. Its drug programs include XERMELO (telotristat ethyl), sotagliflozin, LX2761 and LX9211. It also has a number of additional compounds into various stages of clinical and preclinical development.

5 Day Chart for NASDAQ:LXRX

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