Agios Pharmaceuticals, Inc. (AGIO) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $77.29.
A number of equities analysts recently commented on AGIO shares. BidaskClub lowered Agios Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Oppenheimer Holdings, Inc. set a $75.00 price target on Agios Pharmaceuticals and gave the company a “buy” rating in a research note on Thursday, June 1st. Canaccord Genuity set a $90.00 price target on Agios Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, August 8th. Janney Montgomery Scott lowered Agios Pharmaceuticals from a “buy” rating to a “neutral” rating in a research note on Monday, June 26th. Finally, Cann reissued a “buy” rating and set a $75.00 price target on shares of Agios Pharmaceuticals in a research note on Sunday, June 11th.
In other news, Director Lewis Clayton Jr. Cantley sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $50.87, for a total value of $101,740.00. Following the sale, the director now directly owns 90,197 shares in the company, valued at $4,588,321.39. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David P. Schenkein sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $50.02, for a total value of $150,060.00. Following the completion of the sale, the chief executive officer now owns 1,100 shares in the company, valued at $55,022. The disclosure for this sale can be found here. Over the last quarter, insiders sold 79,120 shares of company stock worth $4,557,207. Company insiders own 10.55% of the company’s stock.
Several large investors have recently modified their holdings of AGIO. Public Employees Retirement System of Ohio increased its stake in shares of Agios Pharmaceuticals by 52.8% in the second quarter. Public Employees Retirement System of Ohio now owns 18,353 shares of the biopharmaceutical company’s stock valued at $944,000 after buying an additional 6,338 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Agios Pharmaceuticals by 20.7% in the second quarter. California State Teachers Retirement System now owns 74,157 shares of the biopharmaceutical company’s stock valued at $3,816,000 after buying an additional 12,716 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Agios Pharmaceuticals by 1,041.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,423 shares of the biopharmaceutical company’s stock valued at $176,000 after buying an additional 3,123 shares during the last quarter. State Street Corp increased its stake in shares of Agios Pharmaceuticals by 8.1% in the second quarter. State Street Corp now owns 1,302,966 shares of the biopharmaceutical company’s stock valued at $67,036,000 after buying an additional 97,220 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Agios Pharmaceuticals during the second quarter valued at $20,423,000. Hedge funds and other institutional investors own 83.13% of the company’s stock.
Shares of Agios Pharmaceuticals (NASDAQ:AGIO) traded up 1.64% during trading on Friday, hitting $55.79. The company had a trading volume of 191,296 shares. Agios Pharmaceuticals has a 52 week low of $35.84 and a 52 week high of $67.74. The firm’s 50 day moving average is $57.17 and its 200-day moving average is $52.32. The stock’s market capitalization is $2.70 billion.
Agios Pharmaceuticals (NASDAQ:AGIO) last announced its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.78) EPS for the quarter, missing analysts’ consensus estimates of ($1.57) by $0.21. Agios Pharmaceuticals had a negative net margin of 502.12% and a negative return on equity of 68.15%. The firm had revenue of $11.30 million for the quarter, compared to the consensus estimate of $10.68 million. During the same period in the previous year, the company posted ($1.47) earnings per share. Agios Pharmaceuticals’s quarterly revenue was up 62.1% on a year-over-year basis. Equities research analysts anticipate that Agios Pharmaceuticals will post ($7.07) EPS 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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