Citigroup Inc. Raises Alexion Pharmaceuticals Inc. (ALXN) Price Target to $155.00
Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) had its price target lifted by analysts at Citigroup Inc. from $154.00 to $155.00 in a report released on Tuesday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Citigroup Inc.’s price objective indicates a potential upside of 17.66% from the company’s previous close.
A number of other research analysts have also commented on the company. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $185.00 price target on shares of Alexion Pharmaceuticals in a research report on Tuesday, August 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alexion Pharmaceuticals in a research report on Wednesday, June 29th. Vetr upgraded Alexion Pharmaceuticals from a “buy” rating to a “strong-buy” rating and set a $146.84 target price on the stock in a report on Thursday, August 25th. Royal Bank Of Canada assumed coverage on Alexion Pharmaceuticals in a report on Tuesday, July 12th. They set an “outperform” rating and a $188.00 target price on the stock. Finally, Credit Suisse Group AG upgraded Alexion Pharmaceuticals from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $186.00 to $165.00 in a report on Monday, July 11th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Alexion Pharmaceuticals presently has a consensus rating of “Buy” and an average price target of $182.85.
Alexion Pharmaceuticals (NASDAQ:ALXN) traded up 0.42% on Tuesday, hitting $131.73. The stock had a trading volume of 1,136,965 shares. The company has a market cap of $29.54 billion, a P/E ratio of 330.98 and a beta of 1.08. Alexion Pharmaceuticals has a 1-year low of $110.56 and a 1-year high of $193.45. The stock has a 50 day moving average price of $131.30 and a 200 day moving average price of $135.95.
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Alexion Pharmaceuticals (NASDAQ:ALXN) last released its quarterly earnings results on Thursday, July 28th. The biopharmaceutical company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by $0.04. The business had revenue of $753 million for the quarter, compared to the consensus estimate of $743.18 million. Alexion Pharmaceuticals had a net margin of 3.19% and a return on equity of 10.02%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. On average, equities research analysts expect that Alexion Pharmaceuticals will post $4.65 EPS for the current fiscal year.
In other news, Director Leonard Bell sold 1,010 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $137.14, for a total transaction of $138,511.40. Following the transaction, the director now directly owns 405,289 shares of the company’s stock, valued at approximately $55,581,333.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carsten Thiel sold 1,000 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $125.94, for a total value of $125,940.00. Following the transaction, the executive vice president now directly owns 40,579 shares in the company, valued at $5,110,519.26. The disclosure for this sale can be found here. Company insiders own 4.41% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in Alexion Pharmaceuticals during the first quarter valued at $114,000. NEXT Financial Group Inc boosted its position in Alexion Pharmaceuticals by 66.1% in the second quarter. NEXT Financial Group Inc now owns 1,106 shares of the biopharmaceutical company’s stock valued at $129,000 after buying an additional 440 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in Alexion Pharmaceuticals during the second quarter valued at $172,000. Charlemagne Capital Ltd. purchased a new position in Alexion Pharmaceuticals during the second quarter valued at $191,000. Finally, Evercore Wealth Management LLC boosted its position in Alexion Pharmaceuticals by 5.0% in the second quarter. Evercore Wealth Management LLC now owns 1,735 shares of the biopharmaceutical company’s stock valued at $203,000 after buying an additional 83 shares during the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.
About Alexion Pharmaceuticals
Alexion Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of life-transforming therapeutic products. The Company operates through innovation, development and commercialization of life-transforming therapeutic products segment. The Company’s marketed products include Soliris (eculizumab), Strensiq (asfotase alfa) and Kanuma (sebelipase alfa).
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