Alnylam Pharmaceuticals (ALNY) Price Target Cut to $118.00 by Analysts at Morgan Stanley

Alnylam Pharmaceuticals (NASDAQ:ALNY) had its price target reduced by research analysts at Morgan Stanley from $128.00 to $118.00 in a report released on Friday. The brokerage currently has an “equal weight” rating on the biopharmaceutical company’s stock. Morgan Stanley’s target price indicates a potential upside of 1.79% from the company’s current price.

A number of other analysts have also recently commented on ALNY. Leerink Swann boosted their price objective on Alnylam Pharmaceuticals from $132.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. B. Riley assumed coverage on Alnylam Pharmaceuticals in a research report on Wednesday, November 1st. They issued a “buy” rating and a $240.00 price objective for the company. Piper Jaffray Companies restated a “buy” rating and issued a $182.00 price objective on shares of Alnylam Pharmaceuticals in a research report on Sunday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $152.00 price objective (up from $125.00) on shares of Alnylam Pharmaceuticals in a research report on Friday, November 3rd. Finally, Barclays boosted their price objective on Alnylam Pharmaceuticals from $127.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.98.

Shares of Alnylam Pharmaceuticals (NASDAQ ALNY) traded down $0.40 during mid-day trading on Friday, reaching $115.92. The company had a trading volume of 1,304,954 shares, compared to its average volume of 887,777. The company has a debt-to-equity ratio of 0.14, a quick ratio of 9.83 and a current ratio of 9.83. The stock has a market capitalization of $11,360.00, a PE ratio of -21.43 and a beta of 2.68. Alnylam Pharmaceuticals has a 52 week low of $40.93 and a 52 week high of $147.63.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last posted its quarterly earnings data on Thursday, February 8th. The biopharmaceutical company reported ($1.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.38) by ($0.10). The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $19.31 million. Alnylam Pharmaceuticals had a negative net margin of 545.95% and a negative return on equity of 48.88%. The firm’s quarterly revenue was up 116.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.32) earnings per share. research analysts anticipate that Alnylam Pharmaceuticals will post -5.69 EPS for the current year.

In other news, VP Michael Mason sold 36,745 shares of Alnylam Pharmaceuticals stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $131.59, for a total value of $4,835,274.55. Following the sale, the vice president now directly owns 6,352 shares of the company’s stock, valued at $835,859.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Maraganore sold 73,415 shares of Alnylam Pharmaceuticals stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $130.90, for a total value of $9,610,023.50. Following the completion of the sale, the chief executive officer now directly owns 223,125 shares in the company, valued at $29,207,062.50. The disclosure for this sale can be found here. Insiders sold 220,409 shares of company stock worth $28,667,017 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Several large investors have recently modified their holdings of ALNY. BlackRock Inc. boosted its stake in shares of Alnylam Pharmaceuticals by 16.4% in the fourth quarter. BlackRock Inc. now owns 7,115,063 shares of the biopharmaceutical company’s stock worth $903,969,000 after acquiring an additional 1,003,366 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Alnylam Pharmaceuticals during the second quarter worth $53,226,000. Orbimed Advisors LLC boosted its stake in Alnylam Pharmaceuticals by 69.7% during the third quarter. Orbimed Advisors LLC now owns 1,084,800 shares of the biopharmaceutical company’s stock worth $127,453,000 after buying an additional 445,600 shares during the last quarter. Swiss National Bank boosted its stake in Alnylam Pharmaceuticals by 136.8% during the fourth quarter. Swiss National Bank now owns 326,500 shares of the biopharmaceutical company’s stock worth $41,482,000 after buying an additional 188,600 shares during the last quarter. Finally, Broadfin Capital LLC acquired a new position in Alnylam Pharmaceuticals during the second quarter worth $14,453,000. 88.39% of the stock is currently owned by hedge funds and other institutional investors.

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About Alnylam Pharmaceuticals

Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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