Regeneron Pharmaceuticals, Inc. (REGN) Stock Rating Reaffirmed by Guggenheim
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a report released on Monday, MarketBeat Ratings reports. They currently have a $540.00 price target on the biopharmaceutical company’s stock. Guggenheim’s price target suggests a potential upside of 24.78% from the stock’s current price.
REGN has been the topic of several other reports. Zacks Investment Research lowered shares of Regeneron Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird lowered shares of Regeneron Pharmaceuticals from a “neutral” rating to an “underperform” rating and set a $408.00 price target on the stock. in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $500.00 price target (up from $471.00) on shares of Regeneron Pharmaceuticals in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $540.00 price target on shares of Regeneron Pharmaceuticals in a report on Friday, September 29th. Finally, Canaccord Genuity set a $522.00 price target on shares of Regeneron Pharmaceuticals and gave the company a “buy” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $489.73.
Shares of Regeneron Pharmaceuticals (REGN) traded down 0.88% during trading on Monday, reaching $428.95. The company had a trading volume of 368,729 shares. The stock has a market capitalization of $45.48 billion, a price-to-earnings ratio of 43.03 and a beta of 1.63. Regeneron Pharmaceuticals has a 1-year low of $325.35 and a 1-year high of $543.55. The company’s 50 day moving average is $449.04 and its 200-day moving average is $458.26.
Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 EPS for the quarter, beating the consensus estimate of $2.67 by $1.50. Regeneron Pharmaceuticals had a net margin of 22.05% and a return on equity of 25.58%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company earned $2.82 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. On average, equities research analysts anticipate that Regeneron Pharmaceuticals will post $14.94 earnings per share for the current year.
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In other news, CFO Robert E. Landry sold 189 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $501.06, for a total value of $94,700.34. Following the completion of the sale, the chief financial officer now owns 10,099 shares of the company’s stock, valued at approximately $5,060,204.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Sanofi purchased 166,415 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was purchased at an average cost of $480.93 per share, with a total value of $80,033,965.95. The disclosure for this purchase can be found here. In the last quarter, insiders sold 89,468 shares of company stock valued at $42,312,448. 10.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Regeneron Pharmaceuticals by 6.3% in the 2nd quarter. FMR LLC now owns 7,039,884 shares of the biopharmaceutical company’s stock valued at $3,457,569,000 after buying an additional 416,192 shares during the period. BlackRock Inc. grew its stake in shares of Regeneron Pharmaceuticals by 0.7% in the 2nd quarter. BlackRock Inc. now owns 6,188,267 shares of the biopharmaceutical company’s stock valued at $3,039,305,000 after buying an additional 41,406 shares during the period. Vanguard Group Inc. grew its stake in shares of Regeneron Pharmaceuticals by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,270,458 shares of the biopharmaceutical company’s stock valued at $2,588,533,000 after buying an additional 148,962 shares during the period. State Street Corp grew its stake in shares of Regeneron Pharmaceuticals by 4.3% in the 1st quarter. State Street Corp now owns 3,380,151 shares of the biopharmaceutical company’s stock valued at $1,309,861,000 after buying an additional 139,602 shares during the period. Finally, Artisan Partners Limited Partnership grew its stake in shares of Regeneron Pharmaceuticals by 1.5% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,962,480 shares of the biopharmaceutical company’s stock valued at $963,852,000 after buying an additional 29,252 shares during the period. 67.42% of the stock is owned by institutional investors and hedge funds.
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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