BioMarin Pharmaceutical PT Raised to $82.00 at Nomura (BMRN)
Equities researchers at Nomura raised their price objective on shares of BioMarin Pharmaceutical (NASDAQ:BMRN) from $77.00 to $82.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Nomura’s price objective would suggest a potential upside of 32.36% from the company’s current price.
A number of other analysts have also recently weighed in on BMRN. Analysts at Zacks reiterated a “neutral” rating on shares of BioMarin Pharmaceutical in a research note on Friday, July 4th. They now have a $68.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of BioMarin Pharmaceutical from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. They now have a $73.00 price target on the stock, up previously from $61.74. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. BioMarin Pharmaceutical presently has an average rating of “Hold” and an average target price of $81.43.
Shares of BioMarin Pharmaceutical (NASDAQ:BMRN) traded up 0.21% on Thursday, hitting $61.95. 1,058,448 shares of the company’s stock traded hands. BioMarin Pharmaceutical has a one year low of $55.04 and a one year high of $84.25. The stock’s 50-day moving average is $61.17 and its 200-day moving average is $65.75. The company’s market cap is $9.111 billion.
BioMarin Pharmaceutical (NASDAQ:BMRN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.41) by $0.18. The company had revenue of $191.70 million for the quarter, compared to the consensus estimate of $159.70 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 40.1% on a year-over-year basis. Analysts expect that BioMarin Pharmaceutical will post $-1.40 EPS for the current fiscal year.
BioMarin Pharmaceutical Inc (NASDAQ:BMRN) develops and commercializes pharmaceuticals for serious diseases and medical conditions.
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