Alnylam Pharmaceuticals, Inc. (ALNY) Earns Overweight Rating from Piper Jaffray Companies
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)‘s stock had its “overweight” rating reissued by Piper Jaffray Companies in a note issued to investors on Thursday. They currently have a $110.00 price target on the biopharmaceutical company’s stock, down from their prior price target of $126.00. Piper Jaffray Companies’ target price would suggest a potential upside of 49.27% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Cowen and Company reiterated a “buy” rating and set a $100.00 price target on shares of Alnylam Pharmaceuticals in a research note on Tuesday, July 11th. Vetr lowered shares of Alnylam Pharmaceuticals from a “strong-buy” rating to a “buy” rating and set a $71.50 price target on the stock. in a research note on Monday, May 15th. Jefferies Group LLC set a $102.00 price target on shares of Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, August 25th. Barclays PLC lifted their price target on shares of Alnylam Pharmaceuticals from $50.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, Credit Suisse Group lifted their price target on shares of Alnylam Pharmaceuticals from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $83.50.
Shares of Alnylam Pharmaceuticals (NASDAQ ALNY) traded up 1.60% during midday trading on Thursday, hitting $73.69. 1,280,125 shares of the stock were exchanged. The stock has a 50 day moving average price of $81.97 and a 200-day moving average price of $67.40. Alnylam Pharmaceuticals has a 12 month low of $31.38 and a 12 month high of $89.45. The company’s market cap is $6.76 billion.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last announced its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.22) by $0.12. Alnylam Pharmaceuticals had a negative net margin of 670.81% and a negative return on equity of 45.53%. The firm had revenue of $15.93 million during the quarter, compared to analyst estimates of $23.86 million. During the same quarter in the previous year, the business posted ($1.05) earnings per share. Alnylam Pharmaceuticals’s revenue for the quarter was up 82.9% compared to the same quarter last year. On average, analysts predict that Alnylam Pharmaceuticals will post ($5.18) EPS for the current year.
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Large investors have recently modified their holdings of the company. First Manhattan Co. purchased a new stake in shares of Alnylam Pharmaceuticals in the first quarter valued at about $135,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Alnylam Pharmaceuticals in the first quarter valued at about $148,000. QS Investors LLC boosted its holdings in shares of Alnylam Pharmaceuticals by 59.7% in the second quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after acquiring an additional 900 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Alnylam Pharmaceuticals in the first quarter valued at about $202,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Alnylam Pharmaceuticals by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after acquiring an additional 167 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.
Alnylam Pharmaceuticals Company Profile
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).
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