Regeneron Pharmaceuticals (NASDAQ:REGN) had its price objective lowered by equities researchers at Leerink Swann from $568.00 to $502.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the biopharmaceutical company’s stock. Leerink Swann’s target price suggests a potential upside of 49.24% from the company’s current price.
A number of other equities research analysts have also recently commented on REGN. Canaccord Genuity restated a “buy” rating on shares of Regeneron Pharmaceuticals in a report on Monday, October 16th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Regeneron Pharmaceuticals in a report on Monday, October 16th. Barclays cut shares of Regeneron Pharmaceuticals from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $395.00 in a report on Friday, October 20th. Guggenheim reiterated a “buy” rating and set a $540.00 price objective on shares of Regeneron Pharmaceuticals in a report on Monday, October 23rd. Finally, Robert W. Baird upgraded shares of Regeneron Pharmaceuticals from an “underperform” rating to a “neutral” rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Regeneron Pharmaceuticals has an average rating of “Hold” and an average price target of $463.19.
Regeneron Pharmaceuticals (NASDAQ REGN) traded up $13.76 during trading hours on Friday, reaching $336.38. 2,086,830 shares of the company’s stock were exchanged, compared to its average volume of 950,286. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.63 and a quick ratio of 3.07. The firm has a market capitalization of $36,140.00, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. Regeneron Pharmaceuticals has a 1-year low of $314.99 and a 1-year high of $543.55.
A number of hedge funds have recently made changes to their positions in REGN. Steward Partners Investment Advisory LLC raised its position in Regeneron Pharmaceuticals by 495.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the biopharmaceutical company’s stock worth $138,000 after acquiring an additional 307 shares during the period. Advisory Services Network LLC increased its stake in shares of Regeneron Pharmaceuticals by 147.0% in the fourth quarter. Advisory Services Network LLC now owns 447 shares of the biopharmaceutical company’s stock worth $168,000 after purchasing an additional 266 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Regeneron Pharmaceuticals in the third quarter worth about $200,000. Virtu KCG Holdings LLC purchased a new position in shares of Regeneron Pharmaceuticals in the second quarter worth about $206,000. Finally, AE Wealth Management LLC purchased a new position in shares of Regeneron Pharmaceuticals in the fourth quarter worth about $206,000. 65.69% of the stock is currently owned by institutional investors and hedge funds.
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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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