Somewhat Favorable Press Coverage Somewhat Unlikely to Impact BioMarin Pharmaceutical (BMRN) Stock Price

News articles about BioMarin Pharmaceutical (NASDAQ:BMRN) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BioMarin Pharmaceutical earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the biotechnology company an impact score of 47.4912508412406 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

BioMarin Pharmaceutical (NASDAQ:BMRN) traded down $1.09 on Friday, reaching $90.46. 955,405 shares of the company’s stock were exchanged, compared to its average volume of 1,200,000. BioMarin Pharmaceutical has a 1 year low of $80.10 and a 1 year high of $100.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.91 and a quick ratio of 3.81. The firm has a market capitalization of $15,890.00, a P/E ratio of -108.99 and a beta of 1.82.

BioMarin Pharmaceutical (NASDAQ:BMRN) last posted its quarterly earnings results on Thursday, October 26th. The biotechnology company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.06. BioMarin Pharmaceutical had a negative net margin of 12.45% and a negative return on equity of 4.60%. The firm had revenue of $334.18 million for the quarter, compared to the consensus estimate of $347.38 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The business’s revenue was up 19.4% compared to the same quarter last year. analysts forecast that BioMarin Pharmaceutical will post -0.64 earnings per share for the current fiscal year.

BMRN has been the topic of several research analyst reports. Goldman Sachs Group restated a “buy” rating and issued a $129.00 price objective on shares of BioMarin Pharmaceutical in a research note on Friday, October 6th. Royal Bank of Canada initiated coverage on shares of BioMarin Pharmaceutical in a research note on Thursday, September 14th. They issued a “sector perform” rating and a $93.00 price objective on the stock. Wedbush restated a “neutral” rating and issued a $108.00 price objective on shares of BioMarin Pharmaceutical in a research note on Wednesday, November 15th. J P Morgan Chase & Co set a $131.00 price objective on shares of BioMarin Pharmaceutical and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, BidaskClub upgraded shares of BioMarin Pharmaceutical from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $112.44.

In other BioMarin Pharmaceutical news, EVP Robert Baffi sold 18,415 shares of BioMarin Pharmaceutical stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $92.43, for a total transaction of $1,702,098.45. Following the completion of the transaction, the executive vice president now directly owns 129,083 shares of the company’s stock, valued at $11,931,141.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elaine J. Heron sold 800 shares of BioMarin Pharmaceutical stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $88.90, for a total value of $71,120.00. Following the transaction, the director now directly owns 38,385 shares of the company’s stock, valued at $3,412,426.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,415 shares of company stock valued at $1,875,986. Company insiders own 1.85% of the company’s stock.

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BioMarin Pharmaceutical Company Profile

BioMarin Pharmaceutical Inc is a biotechnology company. The Company develops and commercializes pharmaceuticals for various diseases and medical conditions. As of December 31, 2016, the Company’s therapy portfolio consisted of five products, and multiple clinical and pre-clinical product candidates. Its commercial products include Aldurazyme (laronidase) for Mucopolysaccharidosis I (MPS I), Firdapse (amifampridine phosphate) for Lambert Eaton Myasthenic Syndrome (LEMS), Kuvan (sapropterin dihydrochloride) for phenylketonuria (PKU), Naglazyme (galsulfase) for Mucopolysaccharidosis VI (MPS VI) and Vimizim (elosulfase alpha) for Mucopolysaccharidosis IV Type A (MPS IV A).

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