Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) has been assigned a consensus recommendation of “Hold” from the thirty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $465.40.
A number of equities research analysts recently weighed in on REGN shares. Zacks Investment Research lowered shares of Regeneron Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and set a $500.00 price target (up from $471.00) on shares of Regeneron Pharmaceuticals in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $540.00 price target on shares of Regeneron Pharmaceuticals in a report on Friday, September 29th. J P Morgan Chase & Co reaffirmed a “hold” rating on shares of Regeneron Pharmaceuticals in a report on Tuesday, October 31st. Finally, Evercore ISI lowered their price target on shares of Regeneron Pharmaceuticals from $605.00 to $445.00 and set an “outperform” rating for the company in a report on Thursday, November 16th.
In other news, Director Michael S. Brown sold 1,500 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $475.00, for a total value of $712,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert E. Landry sold 189 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was 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 in the company, valued at $5,060,204.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,352 shares of company stock worth $2,037,772. Insiders own 10.80% of the company’s stock.
Regeneron Pharmaceuticals (REGN) traded up $11.61 during trading on Thursday, hitting $373.47. 1,799,404 shares of the stock traded hands, compared to its average volume of 954,248. Regeneron Pharmaceuticals has a 52 week low of $340.09 and a 52 week high of $543.55. The firm has a market capitalization of $40,125.25, a price-to-earnings ratio of 32.34, a P/E/G ratio of 1.47 and a beta of 1.54. The company has a quick ratio of 3.07, a current ratio of 3.63 and a debt-to-equity ratio of 0.12.
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. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. Regeneron Pharmaceuticals had a net margin of 23.17% and a return on equity of 25.73%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the business earned $3.13 EPS. sell-side analysts forecast that Regeneron Pharmaceuticals will post 13.55 earnings per share for the current fiscal year.
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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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