Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty-five research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $813.57.
REGN has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Regeneron Pharmaceuticals from $633.00 to $560.00 and set a "neutral" rating on the stock in a report on Thursday, June 5th. Citigroup decreased their price target on shares of Regeneron Pharmaceuticals from $700.00 to $650.00 and set a "buy" rating on the stock in a report on Monday, June 2nd. Robert W. Baird decreased their price target on shares of Regeneron Pharmaceuticals from $759.00 to $652.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Canaccord Genuity Group raised shares of Regeneron Pharmaceuticals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald started coverage on shares of Regeneron Pharmaceuticals in a report on Tuesday, April 22nd. They issued an "overweight" rating and a $695.00 price target on the stock.
Check Out Our Latest Stock Analysis on Regeneron Pharmaceuticals
Regeneron Pharmaceuticals Stock Down 0.5%
Shares of NASDAQ:REGN opened at $545.00 on Monday. The firm has a market cap of $58.84 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.00 and a beta of 0.33. The company has a quick ratio of 4.03, a current ratio of 4.93 and a debt-to-equity ratio of 0.09. Regeneron Pharmaceuticals has a 12-month low of $476.49 and a 12-month high of $1,211.20. The business has a fifty day simple moving average of $549.38 and a 200 day simple moving average of $624.74.
Regeneron Pharmaceuticals (NASDAQ:REGN - Get Free Report) last issued its earnings results on Tuesday, April 29th. The biopharmaceutical company reported $8.22 EPS for the quarter, missing analysts' consensus estimates of $8.83 by ($0.61). The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion. Regeneron Pharmaceuticals had a net margin of 31.94% and a return on equity of 15.27%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $9.55 earnings per share. Analysts predict that Regeneron Pharmaceuticals will post 35.92 earnings per share for the current year.
Regeneron Pharmaceuticals Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 20th were issued a $0.88 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $3.52 dividend on an annualized basis and a yield of 0.65%. Regeneron Pharmaceuticals's payout ratio is currently 8.96%.
Hedge Funds Weigh In On Regeneron Pharmaceuticals
A number of hedge funds have recently added to or reduced their stakes in REGN. Pinney & Scofield Inc. purchased a new position in Regeneron Pharmaceuticals in the 4th quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Regeneron Pharmaceuticals by 344.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 40 shares of the biopharmaceutical company's stock valued at $25,000 after buying an additional 31 shares during the last quarter. Activest Wealth Management raised its stake in Regeneron Pharmaceuticals by 110.5% during the 1st quarter. Activest Wealth Management now owns 40 shares of the biopharmaceutical company's stock valued at $25,000 after buying an additional 21 shares during the last quarter. Costello Asset Management INC purchased a new stake in Regeneron Pharmaceuticals during the 1st quarter valued at $27,000. Finally, Saudi Central Bank purchased a new stake in Regeneron Pharmaceuticals during the 1st quarter valued at $27,000. 83.31% of the stock is currently owned by hedge funds and other institutional investors.
About Regeneron Pharmaceuticals
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Get Free ReportRegeneron 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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