Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)‘s stock had its “market perform” rating reissued by analysts at BMO Capital Markets in a report issued on Friday. They presently have a $484.00 price target on the biopharmaceutical company’s stock, up from their previous price target of $421.00. BMO Capital Markets’ target price would indicate a potential downside of 7.12% from the company’s previous close.

A number of other analysts have also recently commented on REGN. Canaccord Genuity upgraded Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $375.00 to $484.00 in a research report on Friday, May 5th. Vetr cut Regeneron Pharmaceuticals from a “buy” rating to a “hold” rating and set a $408.86 price objective for the company. in a research report on Monday, May 1st. Zacks Investment Research upgraded Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating and set a $416.00 price objective for the company in a research report on Thursday, April 27th. Piper Jaffray Companies boosted their price objective on Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the company an “overweight” rating in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $357.00 price objective on shares of Regeneron Pharmaceuticals in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Regeneron Pharmaceuticals has an average rating of “Hold” and a consensus target price of $465.46.

Regeneron Pharmaceuticals (NASDAQ:REGN) traded down 0.71% during midday trading on Friday, reaching $517.43. 339,926 shares of the company traded hands. The stock has a market capitalization of $54.63 billion, a P/E ratio of 62.64 and a beta of 1.67. Regeneron Pharmaceuticals has a 1-year low of $325.35 and a 1-year high of $543.55. The firm has a 50-day moving average of $493.24 and a 200-day moving average of $413.36.

Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its quarterly earnings results on Thursday, May 4th. The biopharmaceutical company reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.42. Regeneron Pharmaceuticals had a return on equity of 22.99% and a net margin of 19.34%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $2.57 earnings per share. Regeneron Pharmaceuticals’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Regeneron Pharmaceuticals will post $12.77 earnings per share for the current year.

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In related news, Director Michael S. Brown sold 3,000 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $1,350,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Neil Stahl sold 8,306 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $532.55, for a total value of $4,423,360.30. Following the transaction, the executive vice president now directly owns 43,950 shares in the company, valued at approximately $23,405,572.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,396 shares of company stock worth $28,484,734. 10.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of REGN. Korea Investment CORP raised its position in Regeneron Pharmaceuticals by 223.9% in the first quarter. Korea Investment CORP now owns 298 shares of the biopharmaceutical company’s stock valued at $115,000 after buying an additional 206 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Regeneron Pharmaceuticals during the first quarter valued at about $140,000. Alpha Windward LLC raised its position in Regeneron Pharmaceuticals by 4.4% in the first quarter. Alpha Windward LLC now owns 383 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 16 shares during the last quarter. Wendell David Associates Inc. purchased a new position in Regeneron Pharmaceuticals during the second quarter valued at about $204,000. Finally, Welch & Forbes LLC purchased a new position in Regeneron Pharmaceuticals during the first quarter valued at about $211,000. 66.87% of the stock is currently owned by hedge funds and other institutional investors.

Regeneron Pharmaceuticals Company Profile

Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.

Analyst Recommendations for Regeneron Pharmaceuticals (NASDAQ:REGN)

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