AC Immune (NASDAQ:ACIU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “AC Immune SA is a biopharmaceutical company. It develops, discover and design novel, proprietary medicines for prevention, diagnosis and treatment of neurodegenerative diseases. The Company’s pipeline includes Crenezumab, ACI-24, Anti-Tau antibody, Morphomer Tau, Tau-PET imaging agent, Morphomer Abeta and Morphomer alpha-syn which are in clinical trial. AC Immune SA is based in Lausanne, Switzerland. “
A number of other brokerages also recently issued reports on ACIU. BidaskClub downgraded AC Immune from a “hold” rating to a “sell” rating in a report on Thursday, August 16th. ValuEngine raised AC Immune from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Finally, HC Wainwright set a $18.00 price target on AC Immune and gave the company a “buy” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.00.
AC Immune (NASDAQ:ACIU) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.04. The firm had revenue of $2.03 million during the quarter, compared to the consensus estimate of $1.92 million. AC Immune had a negative return on equity of 25.44% and a negative net margin of 133.00%. On average, sell-side analysts predict that AC Immune will post -0.93 EPS for the current fiscal year.
About AC Immune
AC Immune SA, a clinical stage biopharmaceutical company, discovers, designs, and develops therapeutic and diagnostic products for prevention, diagnosis, and treatment of neurodegenerative diseases associated with protein misfolding. Its SupraAntigen and Morphomer platforms are designed to generate vaccines, antibodies, and small molecules, which selectively interact with misfolded proteins that are common in a range of neurodegenerative diseases.
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