Regeneron Pharmaceuticals Reaches New 12-Month High at $353.05 (REGN)
Shares of Regeneron Pharmaceuticals (NASDAQ:REGN) hit a new 52-week high during mid-day trading on Monday , ARN reports. The company traded as high as $353.05 and last traded at $350.48, with a volume of 299,757 shares traded. The stock had previously closed at $348.62.
A number of analysts have recently weighed in on REGN shares. Analysts at RBC Capital raised their price target on shares of Regeneron Pharmaceuticals from $349.00 to $373.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Roth Capital reiterated a “buy” rating on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 5th. Finally, analysts at Deutsche Bank raised their price target on shares of Regeneron Pharmaceuticals from $410.00 to $425.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $345.94.
The stock’s 50-day moving average is $316. and its 200-day moving average is $308.5. The company has a market cap of $35.082 billion and a price-to-earnings ratio of 99.21.
Regeneron Pharmaceuticals (NASDAQ:REGN) last released its earnings data on Tuesday, August 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.17. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $647.99 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 45.4% on a year-over-year basis. Analysts expect that Regeneron Pharmaceuticals will post $10.14 EPS for the current fiscal year.
In other Regeneron Pharmaceuticals news, VP Douglas S. Mccorkle unloaded 5,875 shares of Regeneron Pharmaceuticals stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $353.00, for a total transaction of $2,073,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Regeneron Pharmaceuticals, Inc (NASDAQ:REGN) is an integrated biopharmaceutical company, which discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions.
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