Agios Pharmaceuticals (NASDAQ:AGIO) has been given a $90.00 target price by analysts at Canaccord Genuity in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 60.49% from the company’s previous close.
A number of other brokerages have also recently weighed in on AGIO. SunTrust Banks restated a “buy” rating and set a $80.00 price objective on shares of Agios Pharmaceuticals in a research note on Wednesday, October 4th. J P Morgan Chase & Co restated a “buy” rating and set a $76.00 price objective on shares of Agios Pharmaceuticals in a research note on Monday, September 18th. Royal Bank of Canada began coverage on Agios Pharmaceuticals in a research note on Thursday, September 14th. They set an “outperform” rating and a $78.00 price objective for the company. Credit Suisse Group upped their price objective on Agios Pharmaceuticals from $61.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Finally, Cann restated a “buy” rating on shares of Agios Pharmaceuticals in a research note on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Agios Pharmaceuticals has an average rating of “Buy” and a consensus target price of $75.70.
Agios Pharmaceuticals (NASDAQ:AGIO) opened at $56.08 on Tuesday. Agios Pharmaceuticals has a 12-month low of $39.24 and a 12-month high of $72.73.
In other Agios Pharmaceuticals news, Director Lewis Clayton Jr. Cantley sold 4,000 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $71.10, for a total value of $284,400.00. Following the completion of the sale, the director now directly owns 84,394 shares in the company, valued at $6,000,413.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Biller sold 2,146 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $67.23, for a total value of $144,275.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,746 shares of company stock valued at $11,344,756. 5.43% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AGIO. Teachers Advisors LLC raised its stake in Agios Pharmaceuticals by 2.3% in the first quarter. Teachers Advisors LLC now owns 30,258 shares of the biopharmaceutical company’s stock valued at $1,767,000 after buying an additional 666 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Agios Pharmaceuticals in the second quarter worth about $206,000. Public Employees Retirement Association of Colorado raised its stake in shares of Agios Pharmaceuticals by 5.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 6,504 shares of the biopharmaceutical company’s stock worth $335,000 after purchasing an additional 323 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Agios Pharmaceuticals by 9.7% in the second quarter. Janney Montgomery Scott LLC now owns 4,820 shares of the biopharmaceutical company’s stock worth $248,000 after purchasing an additional 425 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Agios Pharmaceuticals by 84.6% in the second quarter. Great West Life Assurance Co. Can now owns 5,543 shares of the biopharmaceutical company’s stock worth $285,000 after purchasing an additional 2,541 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.
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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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