Leerink Swann Reiterates “Positive” Rating for Regeneron Pharmaceuticals, Inc. (REGN)
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)‘s stock had its “positive” rating reiterated by equities research analysts at Leerink Swann in a research report issued on Tuesday, The Fly reports. They presently have a $552.00 target price on the biopharmaceutical company’s stock, down from their prior target price of $580.00. Leerink Swann’s price target suggests a potential upside of 16.81% from the company’s current price.
Several other research firms have also weighed in on REGN. Canaccord Genuity upgraded shares of Regeneron Pharmaceuticals from a “hold” rating to a “buy” rating and boosted their target price for the company from $375.00 to $484.00 in a research note on Friday, May 5th. Vetr lowered shares of Regeneron Pharmaceuticals from a “buy” rating to a “hold” rating and set a $408.86 target price for the company. in a research note on Monday, May 1st. Zacks Investment Research lowered shares of Regeneron Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies boosted their target price on shares of Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the company an “overweight” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets boosted their target price on shares of Regeneron Pharmaceuticals from $412.00 to $421.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $488.23.
Shares of Regeneron Pharmaceuticals (NASDAQ:REGN) traded down 0.42% during midday trading on Tuesday, hitting $472.57. 378,469 shares of the company’s stock were exchanged. The stock has a market cap of $50.11 billion, a PE ratio of 47.41 and a beta of 1.66. Regeneron Pharmaceuticals has a 1-year low of $325.35 and a 1-year high of $543.55. The stock’s 50 day moving average is $494.31 and its 200-day moving average is $428.60.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $1.50. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.36 billion. Regeneron Pharmaceuticals had a net margin of 22.05% and a return on equity of 25.58%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 earnings per share. Analysts predict that Regeneron Pharmaceuticals will post $14.84 earnings per share for the current fiscal year.
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In other Regeneron Pharmaceuticals news, Chairman P Roy Vagelos sold 9,295 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $458.14, for a total value of $4,258,411.30. Following the completion of the sale, the chairman now directly owns 414,156 shares of the company’s stock, valued at approximately $189,741,429.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sanofi purchased 136,050 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $478.17 per share, with a total value of $65,055,028.50. The disclosure for this purchase can be found here. Insiders sold 56,922 shares of company stock valued at $27,383,105 in the last ninety days. Corporate insiders own 10.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC increased its stake in shares of Regeneron Pharmaceuticals by 1.7% in the second quarter. Piedmont Investment Advisors LLC now owns 16,735 shares of the biopharmaceutical company’s stock worth $8,219,000 after buying an additional 276 shares during the last quarter. BB&T Investment Services Inc. acquired a new stake in shares of Regeneron Pharmaceuticals during the second quarter worth $503,000. Intellectus Partners LLC increased its stake in shares of Regeneron Pharmaceuticals by 5.6% in the second quarter. Intellectus Partners LLC now owns 1,749 shares of the biopharmaceutical company’s stock worth $859,000 after buying an additional 93 shares during the last quarter. Fairfield Bush & CO. acquired a new stake in shares of Regeneron Pharmaceuticals during the second quarter worth $246,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Regeneron Pharmaceuticals during the second quarter worth $3,209,000. 67.16% of the stock is owned by 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.
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