Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a research note issued to investors on Saturday. They presently have a $450.00 price target on the biopharmaceutical company’s stock, up from their prior price target of $400.00. Barclays PLC’s target price points to a potential downside of 12.78% from the company’s previous close.

A number of other brokerages have also commented on REGN. BMO Capital Markets restated a “hold” rating and issued a $412.00 price target (up from $408.00) on shares of Regeneron Pharmaceuticals in a report on Tuesday, March 28th. Canaccord Genuity upgraded Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating and boosted their price target for the company from $375.00 to $484.00 in a report on Friday, May 5th. Vetr lowered Regeneron Pharmaceuticals from a “buy” rating to a “hold” rating and set a $408.86 price target on the stock. in a 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 target on the stock in a report on Thursday, April 27th. Finally, Piper Jaffray Companies boosted their price target on Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the company an “overweight” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $467.38.

Regeneron Pharmaceuticals (REGN) traded down 1.00% on Friday, reaching $515.92. The company had a trading volume of 617,665 shares. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 62.45 and a beta of 1.67. Regeneron Pharmaceuticals has a 12 month low of $325.35 and a 12 month high of $543.55. The firm has a 50 day moving average price of $493.24 and a 200-day moving average price of $413.36.

Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its earnings results on Thursday, May 4th. The biopharmaceutical company reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.42. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Regeneron Pharmaceuticals had a return on equity of 22.99% and a net margin of 19.34%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. Analysts forecast that Regeneron Pharmaceuticals will post $12.77 earnings per share for the current fiscal year.

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In related news, Director Joseph L. Goldstein sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $482.55, for a total value of $482,550.00. Following the completion of the sale, the director now directly owns 14,000 shares in the company, valued at $6,755,700. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael S. Aberman sold 2,269 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $532.42, for a total value of $1,208,060.98. Following the completion of the sale, the senior vice president now owns 9,193 shares of the company’s stock, valued at $4,894,537.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,396 shares of company stock valued at $28,484,734. 10.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in REGN. Grandfield & Dodd LLC boosted its stake in Regeneron Pharmaceuticals by 1.1% in the first quarter. Grandfield & Dodd LLC now owns 1,497 shares of the biopharmaceutical company’s stock valued at $580,000 after buying an additional 17 shares during the last quarter. Opus Point Partners Management LLC boosted its stake in Regeneron Pharmaceuticals by 2.3% in the fourth quarter. Opus Point Partners Management LLC now owns 7,684 shares of the biopharmaceutical company’s stock valued at $2,821,000 after buying an additional 172 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Regeneron Pharmaceuticals during the fourth quarter valued at $323,000. Princeton Capital Management Inc. boosted its stake in Regeneron Pharmaceuticals by 6.7% in the first quarter. Princeton Capital Management Inc. now owns 2,496 shares of the biopharmaceutical company’s stock valued at $967,000 after buying an additional 157 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its stake in Regeneron Pharmaceuticals by 2,190.6% in the first quarter. CIBC World Markets Inc. now owns 21,784 shares of the biopharmaceutical company’s stock valued at $8,442,000 after buying an additional 20,833 shares during the last quarter. Hedge funds and other institutional investors own 66.87% of the company’s stock.

About Regeneron Pharmaceuticals

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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