Regeneron Pharmaceuticals (NASDAQ:REGN - Get Free Report) had its price objective decreased by equities research analysts at Morgan Stanley from $755.00 to $754.00 in a report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the biopharmaceutical company's stock. Morgan Stanley's price objective would indicate a potential upside of 34.26% from the stock's previous close.
Other equities analysts also recently issued research reports about the company. Wells Fargo & Company downgraded Regeneron Pharmaceuticals from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $700.00 to $580.00 in a report on Friday, May 30th. The Goldman Sachs Group decreased their target price on Regeneron Pharmaceuticals from $917.00 to $804.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Royal Bank Of Canada lowered shares of Regeneron Pharmaceuticals from a "moderate buy" rating to a "hold" rating and set a $662.00 price target for the company. in a research report on Friday, May 30th. Citigroup dropped their price target on Regeneron Pharmaceuticals from $700.00 to $650.00 and set a "buy" rating for the company in a research note on Monday, June 2nd. Finally, Argus downgraded Regeneron Pharmaceuticals from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $822.54.
Read Our Latest Analysis on REGN
Regeneron Pharmaceuticals Stock Performance
Shares of REGN stock traded up $9.00 on Thursday, hitting $561.58. 388,905 shares of the stock were exchanged, compared to its average volume of 1,136,208. The company has a current ratio of 4.93, a quick ratio of 4.03 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $60.63 billion, a PE ratio of 14.30, a P/E/G ratio of 2.02 and a beta of 0.33. Regeneron Pharmaceuticals has a one year low of $476.49 and a one year high of $1,211.20. The firm's 50 day moving average is $546.58 and its two-hundred day moving average is $622.59.
Regeneron Pharmaceuticals (NASDAQ:REGN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The biopharmaceutical company reported $8.22 earnings per share for the quarter, missing the consensus estimate of $8.83 by ($0.61). Regeneron Pharmaceuticals had a net margin of 31.94% and a return on equity of 15.27%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the previous year, the business earned $9.55 EPS. The business's revenue was down 3.7% on a year-over-year basis. Sell-side analysts expect that Regeneron Pharmaceuticals will post 35.92 earnings per share for the current fiscal year.
Institutional Trading of Regeneron Pharmaceuticals
A number of large investors have recently made changes to their positions in REGN. Brighton Jones LLC boosted its stake in shares of Regeneron Pharmaceuticals by 261.8% during the fourth quarter. Brighton Jones LLC now owns 948 shares of the biopharmaceutical company's stock valued at $675,000 after acquiring an additional 686 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Regeneron Pharmaceuticals by 30.5% during the fourth quarter. Proficio Capital Partners LLC now owns 308 shares of the biopharmaceutical company's stock worth $219,000 after buying an additional 72 shares during the period. Larson Financial Group LLC lifted its position in Regeneron Pharmaceuticals by 62.0% during the fourth quarter. Larson Financial Group LLC now owns 81 shares of the biopharmaceutical company's stock worth $58,000 after buying an additional 31 shares during the period. American Assets Inc. purchased a new position in Regeneron Pharmaceuticals during the fourth quarter worth about $427,000. Finally, Johnson Investment Counsel Inc. lifted its position in Regeneron Pharmaceuticals by 73.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 487 shares of the biopharmaceutical company's stock worth $347,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 83.31% of the company's stock.
About Regeneron Pharmaceuticals
(
Get Free Report)
Regeneron Pharmaceuticals, Inc discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide. The company's products include EYLEA injection to treat wet age-related macular degeneration and diabetic macular edema; myopic choroidal neovascularization; diabetic retinopathy; neovascular glaucoma; and retinopathy of prematurity.
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