Regeneron Pharmaceuticals, Inc. (REGN) Rating Reiterated by UBS AG
UBS AG reissued their buy rating on shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) in a research report released on Friday, 99wallstreet.com reports. The brokerage currently has a $535.00 price objective on the biopharmaceutical company’s stock, up from their previous price objective of $489.00.
Several other analysts have also issued reports on the company. Citigroup Inc. upped their price objective on Regeneron Pharmaceuticals to $575.00 and gave the company a buy rating in a research note on Friday. BMO Capital Markets set a $491.00 price objective on Regeneron Pharmaceuticals and gave the company a hold rating in a research note on Thursday, August 3rd. Canaccord Genuity set a $522.00 price objective on Regeneron Pharmaceuticals and gave the company a buy rating in a research note on Thursday, August 3rd. J P Morgan Chase & Co restated a hold rating on shares of Regeneron Pharmaceuticals in a research note on Thursday, August 3rd. Finally, Piper Jaffray Companies reaffirmed an overweight rating and issued a $557.00 target price on shares of Regeneron Pharmaceuticals in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $477.91.
Regeneron Pharmaceuticals (REGN) opened at 470.10 on Friday. The stock’s 50 day moving average price is $499.60 and its 200-day moving average price is $421.63. Regeneron Pharmaceuticals has a one year low of $325.35 and a one year high of $543.55. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 56.91 and a beta of 1.66.
Regeneron Pharmaceuticals (NASDAQ:REGN) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $1.50. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.36 billion. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. Regeneron Pharmaceuticals’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 earnings per share. Analysts forecast that Regeneron Pharmaceuticals will post $14.06 earnings per share for the current year.
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In other Regeneron Pharmaceuticals news, SVP Michael S. Aberman sold 2,269 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $532.42, for a total transaction of $1,208,060.98. Following the completion of the sale, the senior vice president now directly owns 9,193 shares in the company, valued at approximately $4,894,537.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph L. Goldstein sold 1,000 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $482.55, for a total value of $482,550.00. Following the sale, the director now owns 14,000 shares of the company’s stock, valued at $6,755,700. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,396 shares of company stock valued at $28,484,734. Company insiders own 10.40% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Hartwell J M Limited Partnership purchased a new stake in shares of Regeneron Pharmaceuticals during the first quarter valued at approximately $401,000. Atria Investments LLC increased its stake in shares of Regeneron Pharmaceuticals by 12.5% in the first quarter. Atria Investments LLC now owns 1,082 shares of the biopharmaceutical company’s stock valued at $419,000 after buying an additional 120 shares in the last quarter. Alpha Windward LLC increased its stake in shares of Regeneron Pharmaceuticals by 4.4% in the first quarter. Alpha Windward LLC now owns 383 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 16 shares in the last quarter. Prentiss Smith & Co. Inc. increased its stake in shares of Regeneron Pharmaceuticals by 13.8% in the first quarter. Prentiss Smith & Co. Inc. now owns 751 shares of the biopharmaceutical company’s stock valued at $291,000 after buying an additional 91 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Regeneron Pharmaceuticals by 55.0% in the first quarter. Bank of Montreal Can now owns 50,819 shares of the biopharmaceutical company’s stock valued at $19,693,000 after buying an additional 18,030 shares in the last quarter. Institutional investors own 66.70% of the company’s stock.
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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