Agios Pharmaceuticals (AGIO) Receives “Buy” Rating from Oppenheimer
Oppenheimer reaffirmed their buy rating on shares of Agios Pharmaceuticals (NASDAQ:AGIO) in a research note issued to investors on Monday. Oppenheimer currently has a $83.00 target price on the biopharmaceutical company’s stock.
AGIO has been the subject of a number of other reports. Cann reissued a buy rating on shares of Agios Pharmaceuticals in a research note on Tuesday, December 5th. Credit Suisse Group lifted their target price on Agios Pharmaceuticals from $61.00 to $66.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. ValuEngine raised Agios Pharmaceuticals from a sell rating to a hold rating in a research report on Friday, September 1st. SunTrust Banks reaffirmed a buy rating and set a $80.00 target price on shares of Agios Pharmaceuticals in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada started coverage on Agios Pharmaceuticals in a research report on Thursday, September 14th. They set an outperform rating and a $78.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $75.70.
Shares of Agios Pharmaceuticals (AGIO) opened at $61.42 on Monday. Agios Pharmaceuticals has a 1 year low of $39.24 and a 1 year high of $72.73.
Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($1.59) earnings per share for the quarter, beating the consensus estimate of ($1.78) by $0.19. The business had revenue of $11.35 million during the quarter, compared to analysts’ expectations of $10.85 million. Agios Pharmaceuticals had a negative return on equity of 69.64% and a negative net margin of 506.39%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted ($1.63) EPS. equities analysts predict that Agios Pharmaceuticals will post -6.59 EPS for the current year.
In other news, Director Lewis Clayton Jr. Cantley sold 1,000 shares of Agios Pharmaceuticals stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $65.47, for a total value of $65,470.00. Following the transaction, the director now directly owns 86,394 shares in the company, valued at approximately $5,656,215.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Biller sold 2,146 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $67.23, for a total value of $144,275.58. The disclosure for this sale can be found here. Insiders sold a total of 167,746 shares of company stock worth $11,410,226 over the last quarter. Company insiders own 5.43% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AGIO. FMR LLC grew its stake in Agios Pharmaceuticals by 14.1% during the 2nd quarter. FMR LLC now owns 7,227,331 shares of the biopharmaceutical company’s stock worth $371,846,000 after buying an additional 895,584 shares during the last quarter. Vanguard Group Inc. grew its stake in Agios Pharmaceuticals by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,214,770 shares of the biopharmaceutical company’s stock worth $165,401,000 after buying an additional 617,379 shares during the last quarter. BlackRock Inc. grew its stake in Agios Pharmaceuticals by 23.5% during the 2nd quarter. BlackRock Inc. now owns 2,675,380 shares of the biopharmaceutical company’s stock worth $137,648,000 after buying an additional 508,306 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in Agios Pharmaceuticals during the 3rd quarter worth $30,489,000. Finally, Janus Henderson Group PLC purchased a new position in Agios Pharmaceuticals during the 2nd quarter worth $20,423,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.
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About Agios Pharmaceuticals
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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