Regeneron Pharmaceuticals, Inc. (REGN) Downgraded by Barclays PLC
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $395.00 price target on the biopharmaceutical company’s stock, down from their prior price target of $450.00. Barclays PLC’s target price suggests a potential downside of 8.77% from the company’s current price.
Several other research firms also recently weighed in on REGN. Leerink Swann reaffirmed a “positive” rating and issued a $552.00 price target (down from $580.00) on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $557.00 target price on shares of Regeneron Pharmaceuticals in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Regeneron Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and set a $500.00 target price (up from $471.00) on shares of Regeneron Pharmaceuticals in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a “sell” rating and set a $408.00 target price on shares of Regeneron Pharmaceuticals in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Regeneron Pharmaceuticals currently has a consensus rating of “Hold” and an average price target of $487.80.
Regeneron Pharmaceuticals (REGN) traded down 1.81% during mid-day trading on Friday, hitting $432.98. 990,334 shares of the company were exchanged. The company’s 50-day moving average is $451.08 and its 200 day moving average is $456.76. The company has a market capitalization of $45.91 billion, a P/E ratio of 43.44 and a beta of 1.62. Regeneron Pharmaceuticals has a 12-month low of $325.35 and a 12-month high of $543.55.
Regeneron Pharmaceuticals (NASDAQ:REGN) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $1.50. The business had revenue of $1.47 billion for 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%. Regeneron Pharmaceuticals’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. Analysts expect that Regeneron Pharmaceuticals will post $14.94 EPS for the current year.
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In other news, Director Michael S. Brown sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $475.00, for a total value of $712,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert E. Landry sold 526 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $472.19, for a total transaction of $248,371.94. Following the completion of the sale, the senior vice president now directly owns 9,099 shares of the company’s stock, valued at $4,296,456.81. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,468 shares of company stock valued at $42,312,448. Corporate insiders own 10.80% of the company’s stock.
Several institutional investors have recently modified their holdings of REGN. Fieldpoint Private Securities LLC bought a new position in shares of Regeneron Pharmaceuticals in the 2nd quarter worth about $130,000. Sterling Investment Advisors Ltd. increased its stake in shares of Regeneron Pharmaceuticals by 11.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock worth $137,000 after acquiring an additional 28 shares in the last quarter. FNY Managed Accounts LLC bought a new position in shares of Regeneron Pharmaceuticals in the 1st quarter worth about $140,000. FNY Partners Fund LP increased its stake in shares of Regeneron Pharmaceuticals by 200.0% in the 2nd quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock worth $147,000 after acquiring an additional 200 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in shares of Regeneron Pharmaceuticals by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 384 shares of the biopharmaceutical company’s stock worth $189,000 after acquiring an additional 1 shares in the last quarter. Institutional investors own 67.40% 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.
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