Celgene Hits New 1-Year High at $92.07 (CELG)
Celgene (NASDAQ:CELG) reached a new 52-week high during mid-day trading on Monday , Analyst Ratings Network.com reports. The company traded as high as $92.07 and last traded at $91.76, with a volume of 3,073,424 shares changing hands. The stock had previously closed at $89.61.
A number of analysts have recently weighed in on CELG shares. Analysts at RBC Capital raised their price target on shares of Celgene from $95.00 to $100.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Celgene in a research note on Monday, July 28th. They now have a $92.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Celgene in a research note on Friday, July 25th. They now have a $95.00 price target on the stock, up previously from $85.00. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Celgene presently has an average rating of “Buy” and a consensus target price of $96.90.
The stock has a 50-day moving average of $87.24 and a 200-day moving average of $79.18. The company has a market cap of $73.150 billion and a P/E ratio of 51.79.
Celgene (NASDAQ:CELG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.01. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the company posted $1.52 earnings per share. Celgene’s revenue was up 17.1% compared to the same quarter last year. On average, analysts predict that Celgene will post $3.67 earnings per share for the current fiscal year.
In other Celgene news, Insider Perry A. Karsen unloaded 39,104 shares of Celgene stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $87.55, for a total transaction of $3,423,555.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Celgene Corporation is a global biopharmaceutical company engaged in the discovery, development and commercialization of therapies designed to treat cancer and immune-inflammatory related diseases.
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