Oppenheimer Increases Alexion Pharmaceuticals Price Target to $125.00 (ALXN)
Equities research analysts at Oppenheimer upped their price target on shares of Alexion Pharmaceuticals (NASDAQ:ALXN) from $115.00 to $125.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. Oppenheimer’s price objective indicates a potential downside of 0.14% from the stock’s previous close.
Alexion Pharmaceuticals (NASDAQ:ALXN) traded up 7.26% during mid-day trading on Friday, hitting $125.17. 2,626,550 shares of the company’s stock traded hands. Alexion Pharmaceuticals has a one year low of $81.82 and a one year high of $125.65. The stock’s 50-day moving average is $111.0 and its 200-day moving average is $100.2. The company has a market cap of $24.478 billion and a price-to-earnings ratio of 66.53.
Alexion Pharmaceuticals (NASDAQ:ALXN) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.04. The company had revenue of $400.40 million for the quarter, compared to the consensus estimate of $395.10 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 36.1% on a year-over-year basis. On average, analysts predict that Alexion Pharmaceuticals will post $3.04 earnings per share for the current fiscal year.
ALXN has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Alexion Pharmaceuticals from $97.00 to $106.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Guggenheim raised their price target on shares of Alexion Pharmaceuticals from $127.00 to $130.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Alexion Pharmaceuticals from $115.00 to $123.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.72.
Alexion Pharmaceuticals, Inc (NASDAQ:ALXN) is a biopharmaceutical company focused on serving patients with severe and ultra-rare disorders through the development and commercialization of life-transforming therapeutic products.
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