BeiGene, Ltd. (NASDAQ:BGNE)‘s stock had its “buy” rating reissued by investment analysts at Cowen and Company in a research note issued to investors on Tuesday.

The analysts wrote, “SGMO reported 3Q17 results and is on track to report first data from the Ph1/2 trials.””

Other analysts also recently issued reports about the company. Robert W. Baird reiterated a “neutral” rating and set a $83.00 target price (up from $58.00) on shares of BeiGene in a research note on Tuesday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $86.00 price target (up from $43.00) on shares of BeiGene in a research note on Tuesday, August 15th. Zacks Investment Research downgraded BeiGene from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Ladenburg Thalmann Financial Services started coverage on BeiGene in a research note on Monday, August 7th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (up from $87.00) on shares of BeiGene in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $96.67.

Shares of BeiGene (NASDAQ:BGNE) traded down $1.04 on Tuesday, reaching $83.18. The company’s stock had a trading volume of 193,900 shares, compared to its average volume of 188,791. The company has a current ratio of 8.38, a quick ratio of 8.38 and a debt-to-equity ratio of 0.57. BeiGene has a 1-year low of $26.43 and a 1-year high of $118.95.

BeiGene (NASDAQ:BGNE) last issued its earnings results on Monday, November 13th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $0.23 by $2.31. The business had revenue of $220.21 million for the quarter, compared to analysts’ expectations of $1.55 million. During the same quarter in the prior year, the business posted ($1.08) earnings per share. equities research analysts expect that BeiGene will post -5.12 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the stock. Perceptive Advisors LLC bought a new position in BeiGene in the 3rd quarter worth $590,000. Orbimed Advisors LLC raised its holdings in BeiGene by 2.0% in the 3rd quarter. Orbimed Advisors LLC now owns 1,313,788 shares of the company’s stock worth $135,925,000 after purchasing an additional 26,200 shares during the period. Janus Henderson Group PLC bought a new position in BeiGene in the 3rd quarter worth $33,744,000. Jane Street Group LLC bought a new position in BeiGene in the 3rd quarter worth $339,000. Finally, Vident Investment Advisory LLC raised its holdings in BeiGene by 2.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 29,191 shares of the company’s stock worth $3,020,000 after purchasing an additional 733 shares during the period. 52.09% of the stock is currently owned by institutional investors.

BeiGene Company Profile

BeiGene, Ltd. is a clinical-stage biopharmaceutical company. The Company is focused in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The Company had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.

Analyst Recommendations for BeiGene (NASDAQ:BGNE)

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