Alnylam Pharmaceuticals, Inc. (ALNY) Stock Rating Reaffirmed by Stifel Nicolaus
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $83.00 price objective on the biopharmaceutical company’s stock, up from their previous price objective of $56.00. Stifel Nicolaus’ price objective indicates a potential downside of 27.05% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Morgan Stanley reiterated an “equal weight” rating on shares of Alnylam Pharmaceuticals in a report on Monday, July 10th. BidaskClub cut Alnylam Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Needham & Company LLC increased their target price on Alnylam Pharmaceuticals from $85.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday. J P Morgan Chase & Co reiterated a “hold” rating on shares of Alnylam Pharmaceuticals in a report on Monday, June 26th. Finally, Chardan Capital reiterated a “buy” rating and set a $131.00 target price (up previously from $110.00) on shares of Alnylam Pharmaceuticals in a report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. Alnylam Pharmaceuticals currently has an average rating of “Hold” and a consensus price target of $91.59.
Alnylam Pharmaceuticals (NASDAQ ALNY) opened at 112.92 on Wednesday. Alnylam Pharmaceuticals has a 52 week low of $31.38 and a 52 week high of $117.44. The stock’s market cap is $10.36 billion. The firm has a 50-day moving average price of $81.14 and a 200-day moving average price of $69.12. Alnylam Pharmaceuticals also was the target of unusually large options trading on Wednesday. Stock investors bought 30,530 call options on the stock. This is an increase of approximately 937% compared to the typical daily volume of 2,944 call options.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last issued its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.22) by ($0.12). The business had revenue of $15.93 million for the quarter, compared to analyst estimates of $23.86 million. Alnylam Pharmaceuticals had a negative return on equity of 45.53% and a negative net margin of 670.81%. The business’s quarterly revenue was up 82.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.05) EPS. On average, equities research analysts predict that Alnylam Pharmaceuticals will post ($5.20) EPS for the current year.
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Large investors have recently modified their holdings of the stock. QS Investors LLC lifted its stake in Alnylam Pharmaceuticals by 59.7% in the 2nd quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after purchasing an additional 900 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alnylam Pharmaceuticals by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after purchasing an additional 167 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Alnylam Pharmaceuticals in the 2nd quarter valued at about $221,000. Neuberger Berman Group LLC acquired a new stake in Alnylam Pharmaceuticals in the 2nd quarter valued at about $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Alnylam Pharmaceuticals in the 1st quarter valued at about $148,000. Institutional investors and hedge funds own 94.25% of the company’s stock.
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).
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