Amgen Inc. (NASDAQ:AMGN)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued on Tuesday. They presently have a $198.00 price target on the medical research company’s stock. Jefferies Group’s price target would suggest a potential upside of 15.53% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Leerink Swann reaffirmed a “hold” rating on shares of Amgen in a research note on Saturday. Credit Suisse Group AG set a $206.00 price objective on Amgen and gave the company a “buy” rating in a research note on Saturday. Vetr raised Amgen from a “hold” rating to a “buy” rating and set a $159.50 price objective for the company in a research note on Monday, June 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $157.00 price objective on shares of Amgen in a research note on Friday, July 15th. Finally, Morgan Stanley raised their price objective on Amgen from $198.00 to $199.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $184.87.

Amgen (NASDAQ:AMGN) opened at 171.38 on Tuesday. The firm has a market cap of $128.25 billion, a price-to-earnings ratio of 17.54 and a beta of 0.87. Amgen has a 52 week low of $130.09 and a 52 week high of $176.64. The stock has a 50 day moving average price of $172.00 and a 200 day moving average price of $159.47.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/amgens-amgn-buy-rating-reiterated-at-jefferies-group.html

Amgen (NASDAQ:AMGN) last released its quarterly earnings data on Wednesday, July 27th. The medical research company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.10. Amgen had a return on equity of 29.30% and a net margin of 33.07%. The firm earned $5.69 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period last year, the business posted $2.57 EPS. Amgen’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Amgen will post $11.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Wednesday, August 17th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Monday, August 15th. Amgen’s payout ratio is 40.90%.

In other news, VP Annette Louise Such sold 3,000 shares of Amgen stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $174.59, for a total transaction of $523,770.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in shares of Amgen during the second quarter worth about $383,036,000. Wellington Management Group LLP raised its stake in shares of Amgen by 16.0% in the first quarter. Wellington Management Group LLP now owns 13,544,922 shares of the medical research company’s stock valued at $2,030,789,000 after buying an additional 1,864,688 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Amgen by 37.1% in the second quarter. Nordea Investment Management AB now owns 5,719,168 shares of the medical research company’s stock valued at $870,171,000 after buying an additional 1,547,099 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Amgen during the second quarter valued at $194,466,000. Finally, FMR LLC raised its stake in shares of Amgen by 4.0% in the second quarter. FMR LLC now owns 32,386,936 shares of the medical research company’s stock valued at $4,927,672,000 after buying an additional 1,259,875 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors and hedge funds.

Amgen Company Profile

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. The Company’s business segment is human therapeutics. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as Vectibix (panitumumab), Nplate (romiplostim) and Corlanor (ivabradine).

5 Day Chart for NASDAQ:AMGN

Receive News & Ratings for Amgen Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amgen Inc. and related companies with MarketBeat.com's FREE daily email newsletter.