Regeneron Pharmaceuticals, Inc. (REGN) Earns “Buy” Rating from Credit Suisse Group
Credit Suisse Group reiterated their buy rating on shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) in a report published on Monday morning. They currently have a $485.00 target price on the biopharmaceutical company’s stock.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Regeneron Pharmaceuticals from a strong-buy rating to a hold rating in a research note on Tuesday, July 4th. Vetr lowered shares of Regeneron Pharmaceuticals from a sell rating to a strong sell rating and set a $368.84 target price on the stock. in a research note on Monday, May 15th. Piper Jaffray Companies increased their target price on shares of Regeneron Pharmaceuticals from $446.00 to $557.00 and gave the stock an overweight rating in a research note on Tuesday, June 20th. BMO Capital Markets increased their target price on shares of Regeneron Pharmaceuticals from $412.00 to $421.00 and gave the stock a hold rating in a research note on Monday, May 15th. Finally, Leerink Swann reissued an outperform rating and set a $493.00 target price on shares of Regeneron Pharmaceuticals in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $496.35.
Shares of Regeneron Pharmaceuticals (REGN) opened at 437.74 on Monday. The firm has a market capitalization of $46.41 billion, a price-to-earnings ratio of 43.91 and a beta of 1.65. Regeneron Pharmaceuticals has a 52 week low of $325.35 and a 52 week high of $543.55. The firm has a 50-day moving average of $479.23 and a 200 day moving average of $445.02.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its earnings results on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 22.05% and a return on equity of 25.58%. Regeneron Pharmaceuticals’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 earnings per share. On average, equities analysts predict that Regeneron Pharmaceuticals will post $14.90 earnings per share for the current fiscal year.
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In related news, CFO Robert E. Landry sold 189 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $501.06, for a total transaction of $94,700.34. Following the completion of the transaction, the chief financial officer now owns 10,099 shares of the company’s stock, valued at $5,060,204.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Neil Stahl sold 8,306 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $532.55, for a total transaction of $4,423,360.30. Following the transaction, the executive vice president now directly owns 43,950 shares of the company’s stock, valued at approximately $23,405,572.50. The disclosure for this sale can be found here. Insiders sold 120,690 shares of company stock valued at $57,732,183 in the last quarter. Corporate insiders own 10.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC purchased a new position in Regeneron Pharmaceuticals during the second quarter valued at approximately $130,000. Sterling Investment Advisors Ltd. grew its stake in Regeneron Pharmaceuticals by 11.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock valued at $137,000 after acquiring an additional 28 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Regeneron Pharmaceuticals during the first quarter valued at approximately $140,000. FNY Partners Fund LP grew its stake in Regeneron Pharmaceuticals by 200.0% during the second quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock valued at $147,000 after acquiring an additional 200 shares in the last quarter. Finally, Alpha Windward LLC grew its stake in Regeneron Pharmaceuticals by 0.3% during the second quarter. Alpha Windward LLC now owns 384 shares of the biopharmaceutical company’s stock valued at $189,000 after acquiring an additional 1 shares in the last quarter. 67.96% of the stock is owned by institutional investors.
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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