Amgen Inc. (NASDAQ:AMGN) has been assigned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $184.89.

Several analysts have recently commented on the stock. Vetr raised shares of Amgen from a “buy” rating to a “strong-buy” rating and set a $184.82 price target on the stock in a research report on Monday, March 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $180.00 price target on shares of Amgen in a research report on Monday, May 22nd. Leerink Swann reaffirmed a “market perform” rating and set a $161.00 price target on shares of Amgen in a research report on Thursday, June 22nd. Credit Suisse Group set a $177.00 price target on shares of Amgen and gave the company a “hold” rating in a research report on Friday, July 14th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $209.00 price target on shares of Amgen in a research report on Wednesday, April 19th.

In related news, SVP Cynthia M. Patton sold 2,922 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $154.40, for a total transaction of $451,156.80. Following the completion of the transaction, the senior vice president now owns 24,214 shares in the company, valued at $3,738,641.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Several institutional investors have recently modified their holdings of AMGN. First Republic Investment Management Inc. increased its position in shares of Amgen by 3.0% in the fourth quarter. First Republic Investment Management Inc. now owns 558,210 shares of the medical research company’s stock worth $81,616,000 after buying an additional 16,521 shares during the last quarter. Camelot Portfolios LLC bought a new position in Amgen during the first quarter valued at about $1,429,000. Private Asset Management Inc. increased its position in Amgen by 117.8% in the first quarter. Private Asset Management Inc. now owns 3,591 shares of the medical research company’s stock valued at $589,000 after buying an additional 1,942 shares in the last quarter. Quest Investment Management Inc. OR increased its position in Amgen by 2,608.6% in the fourth quarter. Quest Investment Management Inc. OR now owns 59,372 shares of the medical research company’s stock valued at $8,681,000 after buying an additional 57,180 shares in the last quarter. Finally, Cadence Bank NA increased its position in Amgen by 6.2% in the first quarter. Cadence Bank NA now owns 3,376 shares of the medical research company’s stock valued at $554,000 after buying an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 78.80% of the company’s stock.

Amgen (NASDAQ:AMGN) traded up 0.50% on Friday, hitting $180.21. The stock had a trading volume of 2,674,714 shares. The stock has a market cap of $132.53 billion, a PE ratio of 17.12 and a beta of 1.36. The firm’s 50 day moving average price is $169.47 and its 200-day moving average price is $165.39. Amgen has a 12 month low of $133.64 and a 12 month high of $184.21.

Amgen (NASDAQ:AMGN) last released its quarterly earnings results on Wednesday, April 26th. The medical research company reported $3.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.15. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.60 billion. Amgen had a net margin of 34.42% and a return on equity of 29.37%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS. On average, analysts forecast that Amgen will post $12.47 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/21/amgen-inc-amgn-given-consensus-recommendation-of-buy-by-brokerages.html.

Amgen Company Profile

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. 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 KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).

Analyst Recommendations for Amgen (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.