Neurocrine Biosciences, Inc. (NBIX) Given Average Rating of “Buy” by Analysts
Neurocrine Biosciences, Inc. (NASDAQ:NBIX) has earned a consensus rating of “Buy” from the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $81.13.
A number of research analysts have recently commented on NBIX shares. BMO Capital Markets increased their target price on Neurocrine Biosciences from $83.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating and set a $69.00 target price (up from $66.00) on shares of Neurocrine Biosciences in a research report on Tuesday, October 3rd. Oppenheimer set a $85.00 target price on Neurocrine Biosciences and gave the company a “buy” rating in a research report on Tuesday, December 12th. Needham & Company LLC reiterated a “buy” rating and set a $86.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. Finally, Leerink Swann reiterated an “outperform” rating and set a $83.00 target price (up from $72.00) on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd.
In other Neurocrine Biosciences news, insider Kyle Gano sold 24,818 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $71.05, for a total value of $1,763,318.90. Following the sale, the insider now owns 84,596 shares in the company, valued at $6,010,545.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gary A. Lyons sold 10,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $72.92, for a total value of $729,200.00. Following the completion of the sale, the director now owns 272,066 shares in the company, valued at approximately $19,839,052.72. The disclosure for this sale can be found here. Insiders have sold a total of 116,405 shares of company stock worth $8,588,519 in the last 90 days. 4.80% of the stock is currently owned by insiders.
Neurocrine Biosciences (NBIX) opened at $81.37 on Monday. The company has a current ratio of 14.38, a quick ratio of 14.37 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $7,200.68, a P/E ratio of -36.65 and a beta of 0.35. Neurocrine Biosciences has a 52-week low of $38.43 and a 52-week high of $83.84.
Neurocrine Biosciences (NASDAQ:NBIX) last posted its earnings results on Wednesday, November 1st. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.36. The firm had revenue of $60.77 million for the quarter, compared to the consensus estimate of $29.38 million. During the same quarter in the prior year, the company posted ($0.43) earnings per share. sell-side analysts predict that Neurocrine Biosciences will post -1.61 earnings per share for the current fiscal year.
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About Neurocrine Biosciences
Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.
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