Beigene (NASDAQ:BGNE)‘s stock had its “buy” rating reiterated by investment analysts at Cowen in a note issued to investors on Monday.

A number of other brokerages have also recently commented on BGNE. Maxim Group set a $120.00 price objective on Beigene and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut Beigene from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $83.00 price objective (up from $58.00) on shares of Beigene in a research note on Tuesday, November 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (up from $87.00) on shares of Beigene in a research note on Friday, October 6th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $86.00 price objective (up from $43.00) on shares of Beigene in a research note on Tuesday, August 15th. One research 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. Beigene has an average rating of “Buy” and a consensus target price of $96.67.

Beigene (BGNE) traded down $4.59 during midday trading on Monday, hitting $91.39. The stock had a trading volume of 316,100 shares, compared to its average volume of 206,789. Beigene has a one year low of $27.29 and a one year high of $118.95. The company has a quick ratio of 9.27, a current ratio of 9.33 and a debt-to-equity ratio of 0.20.

Beigene (NASDAQ:BGNE) last released its earnings results on Monday, November 13th. The company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $2.31. The firm had revenue of $220.21 million during the quarter, compared to analyst estimates of $1.55 million. During the same period last year, the business posted ($1.08) earnings per share. equities research analysts expect that Beigene will post -2.04 EPS for the current year.

In other Beigene news, CEO John Oyler sold 31,446 shares of Beigene stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $92.29, for a total transaction of $2,902,151.34. Following the transaction, the chief executive officer now directly owns 255,137 shares in the company, valued at $23,546,593.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Jane Huang sold 600 shares of Beigene stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $85.00, for a total value of $51,000.00. Following the transaction, the chief marketing officer now owns 264,900 shares in the company, valued at $22,516,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 460,845 shares of company stock valued at $39,957,684. 19.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of BGNE. Hillhouse Capital Management Ltd. lifted its holdings in Beigene by 172.6% during the second quarter. Hillhouse Capital Management Ltd. now owns 3,720,726 shares of the company’s stock worth $167,433,000 after acquiring an additional 2,355,906 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Beigene during the third quarter worth about $62,076,000. Janus Henderson Group PLC bought a new position in Beigene during the third quarter worth about $33,744,000. Alliancebernstein L.P. bought a new position in Beigene during the second quarter worth about $7,373,000. Finally, Employees Retirement System of Texas bought a new position in Beigene during the second quarter worth about $2,855,000. Hedge funds and other institutional investors own 55.34% of the company’s stock.

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About Beigene

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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