Regeneron Pharmaceuticals, Inc. (REGN) Given New $463.00 Price Target at Morgan Stanley
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) had its target price decreased by Morgan Stanley from $490.00 to $463.00 in a report issued on Thursday morning. Morgan Stanley currently has an equal weight rating on the biopharmaceutical company’s stock.
REGN has been the subject of several other reports. Leerink Swann reissued a positive rating and issued a $552.00 target price (down from $580.00) on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 15th. Robert W. Baird raised Regeneron Pharmaceuticals from an underperform rating to a neutral rating in a research note on Friday, November 3rd. Piper Jaffray Companies reissued an overweight rating and issued a $557.00 target price on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 1st. Zacks Investment Research cut Regeneron Pharmaceuticals from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, Guggenheim reissued a buy rating and issued a $540.00 target price on shares of Regeneron Pharmaceuticals in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $481.49.
Regeneron Pharmaceuticals (NASDAQ:REGN) traded down $1.67 during mid-day trading on Thursday, reaching $404.54. The company had a trading volume of 771,100 shares, compared to its average volume of 886,192. Regeneron Pharmaceuticals has a 12-month low of $340.09 and a 12-month high of $543.55. The firm has a market cap of $43,346.87, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.39 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.63 and a quick ratio of 3.21.
Regeneron Pharmaceuticals (NASDAQ:REGN) last released its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported $3.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.83 by $0.16. Regeneron Pharmaceuticals had a return on equity of 25.73% and a net margin of 23.17%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm posted $3.13 EPS. The business’s revenue was up 23.0% on a year-over-year basis. equities research analysts forecast that Regeneron Pharmaceuticals will post 13.77 earnings per share for the current year.
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In related news, Chairman P Roy Vagelos sold 15,191 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $470.15, for a total value of $7,142,048.65. Following the completion of the sale, the chairman now directly owns 329,543 shares in the company, valued at $154,934,641.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $94,700.34. Following the completion of the sale, the chief financial officer now owns 10,099 shares of the company’s stock, valued at $5,060,204.94. The disclosure for this sale can be found here. Insiders sold 88,942 shares of company stock worth $42,064,076 in the last ninety days. 10.80% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Regeneron Pharmaceuticals by 6.3% in the second quarter. FMR LLC now owns 7,039,884 shares of the biopharmaceutical company’s stock valued at $3,457,569,000 after buying an additional 416,192 shares during the period. BlackRock Inc. boosted its stake in shares of Regeneron Pharmaceuticals by 0.7% in the second quarter. BlackRock Inc. now owns 6,188,267 shares of the biopharmaceutical company’s stock valued at $3,039,305,000 after buying an additional 41,406 shares during the period. Vanguard Group Inc. lifted its stake in Regeneron Pharmaceuticals by 2.9% during the second quarter. Vanguard Group Inc. now owns 5,270,458 shares of the biopharmaceutical company’s stock worth $2,588,533,000 after purchasing an additional 148,962 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Regeneron Pharmaceuticals by 1.5% during the second quarter. Artisan Partners Limited Partnership now owns 1,962,480 shares of the biopharmaceutical company’s stock worth $963,852,000 after purchasing an additional 29,252 shares during the last quarter. Finally, Polen Capital Management LLC lifted its stake in Regeneron Pharmaceuticals by 7.3% during the second quarter. Polen Capital Management LLC now owns 1,586,320 shares of the biopharmaceutical company’s stock worth $779,105,000 after purchasing an additional 108,413 shares during the last quarter. Institutional investors and hedge funds own 67.63% of the company’s stock.
About Regeneron Pharmaceuticals
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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