Intrexon (XON) Shares Up 16.9%
Intrexon Corp (NYSE:XON) shares shot up 16.9% during trading on Tuesday . The company traded as high as $13.49 and last traded at $13.47. 3,850,000 shares were traded during mid-day trading, an increase of 187% from the average session volume of 1,340,000 shares. The stock had previously closed at $11.52.
A number of brokerages have issued reports on XON. Bank of America decreased their target price on shares of Intrexon from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. ValuEngine lowered shares of Intrexon from a “sell” rating to a “strong sell” rating in a research report on Sunday. Stifel Nicolaus increased their target price on shares of Intrexon from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Northland Securities restated a “buy” rating and set a $21.00 target price on shares of Intrexon in a research report on Friday, November 10th. Finally, JMP Securities restated an “outperform” rating and set a $42.00 target price on shares of Intrexon in a research report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.50.
The company has a market capitalization of $1,630.00, a PE ratio of -12.03 and a beta of 1.32. The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.01.
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Intrexon Company Profile
Intrexon Corporation (Intrexon) forms collaborations to create biologically-based products and processes using synthetic biology. The Company’s domestic operations are in California, Florida, Maryland, and Virginia, and its primary international operations are in Belgium and Hungary. The Company designs, builds and regulates gene programs, which are deoxyribonucleic acid (DNA) sequences that consist of genetic components.
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