Agios Pharmaceuticals, Inc. (AGIO) Given Average Rating of “Buy” by Brokerages
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) has been given a consensus rating of “Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $63.71.
A number of equities research analysts have recently commented on the company. Janney Montgomery Scott downgraded Agios Pharmaceuticals from a “buy” rating to a “neutral” rating in a research report on Monday, June 26th. BidaskClub upgraded Agios Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. ValuEngine upgraded Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Credit Suisse Group reiterated an “outperform” rating and set a $61.00 price objective on shares of Agios Pharmaceuticals in a research report on Tuesday, April 18th. Finally, Zacks Investment Research downgraded Agios Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th.
In related news, insider Scott Biller sold 4,292 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $55.00, for a total transaction of $236,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lewis Clayton Jr. Cantley sold 3,500 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $56.14, for a total value of $196,490.00. Following the sale, the director now owns 86,697 shares of the company’s stock, valued at $4,867,169.58. The disclosure for this sale can be found here. Insiders sold 31,974 shares of company stock valued at $1,709,236 in the last 90 days. Corporate insiders own 10.55% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC purchased a new stake in shares of Agios Pharmaceuticals during the second quarter valued at about $206,000. Creative Planning raised its stake in shares of Agios Pharmaceuticals by 1.4% in the second quarter. Creative Planning now owns 16,710 shares of the biopharmaceutical company’s stock valued at $860,000 after buying an additional 228 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Agios Pharmaceuticals during the second quarter valued at about $1,492,000. Handelsbanken Fonder AB raised its stake in shares of Agios Pharmaceuticals by 412.5% in the second quarter. Handelsbanken Fonder AB now owns 102,500 shares of the biopharmaceutical company’s stock valued at $5,274,000 after buying an additional 82,500 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Agios Pharmaceuticals by 748.0% in the first quarter. Goldman Sachs Group Inc. now owns 649,124 shares of the biopharmaceutical company’s stock valued at $37,909,000 after buying an additional 572,579 shares in the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.
Agios Pharmaceuticals (NASDAQ AGIO) traded up 3.03% during trading on Monday, hitting $58.90. The stock had a trading volume of 93,589 shares. The firm’s 50-day moving average price is $53.35 and its 200-day moving average price is $50.13. The stock’s market cap is $2.84 billion. Agios Pharmaceuticals has a 1-year low of $35.84 and a 1-year high of $67.74.
Agios Pharmaceuticals (NASDAQ:AGIO) last announced its quarterly earnings data on Thursday, May 4th. The biopharmaceutical company reported ($1.56) EPS for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.24. Agios Pharmaceuticals had a negative return on equity of 71.20% and a negative net margin of 491.54%. The company had revenue of $10.51 million during the quarter, compared to the consensus estimate of $9.65 million. During the same quarter in the prior year, the firm earned ($0.64) EPS. The company’s quarterly revenue was down 66.4% compared to the same quarter last year. On average, equities research analysts predict that Agios Pharmaceuticals will post ($6.44) earnings per share for the current fiscal year.
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Agios Pharmaceuticals Company Profile
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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