NASDAQ:AMGN Amgen (AMGN) Stock Price, News & Analysis $334.85 +0.55 (+0.16%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$333.33▼$338.8350-Day Range$296.37▼$335.9752-Week Range$228.21▼$346.85Volume1.52 million shsAverage Volume2.66 million shsMarket Capitalization$179.62 billionP/E Ratio47.84Dividend Yield2.69%Price Target$312.63 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Amgen alerts: Email Address Amgen MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.52 Rating ScoreUpside/Downside6.6% Downside$312.63 Price TargetShort InterestHealthy1.79% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.42Upright™ Environmental ScoreNews Sentiment0.57Based on 33 Articles This WeekInsider TradingSelling Shares$662,812 Sold Last QuarterProj. Earnings Growth5.69%From $19.50 to $20.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.50 out of 5 starsMedical Sector109th out of 936 stocksBiological Products, Except Diagnostic Industry10th out of 154 stocks 2.3 Analyst's Opinion Consensus RatingAmgen has received a consensus rating of Moderate Buy. The company's average rating score is 2.52, and is based on 11 buy ratings, 10 hold ratings, and no sell ratings.Amount of Analyst CoverageAmgen has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Amgen's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.79% of the float of Amgen has been sold short.Short Interest Ratio / Days to CoverAmgen has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Amgen has recently increased by 6.68%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend YieldAmgen pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAmgen has been increasing its dividend for 13 years.Dividend CoverageThe dividend payout ratio of Amgen is 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Amgen will have a dividend payout ratio of 43.67% next year. This indicates that Amgen will be able to sustain or increase its dividend.Read more about Amgen's dividend. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAmgen has received a 53.36% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Denosumab", "Etanercept", "Darbepoetin alfa", and "Apremilast" products. See details.Environmental SustainabilityThe Environmental Impact score for Amgen is -2.42. Previous Next 2.0 News and Social Media Coverage News SentimentAmgen has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.News Coverage This WeekMarketBeat has tracked 33 news articles for Amgen this week, compared to 20 articles on an average week.Search InterestOnly 32 people have searched for AMGN on MarketBeat in the last 30 days. This is a decrease of -51% compared to the previous 30 days.MarketBeat FollowsOnly 19 people have added Amgen to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Amgen insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $662,812.00 in company stock.Percentage Held by InsidersOnly 0.69% of the stock of Amgen is held by insiders.Percentage Held by Institutions76.50% of the stock of Amgen is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Amgen's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Amgen are expected to grow by 5.69% in the coming year, from $19.50 to $20.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Amgen is 47.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Amgen is 47.84, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 148.37.Price to Earnings Growth RatioAmgen has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAmgen has a P/B Ratio of 28.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Amgen's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap Profits625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.>> Dive into the Workshop Here About Amgen Stock (NASDAQ:AMGN)Amgen Inc. is a multinational biopharmaceutical company headquartered in Thousand Oaks, California. Established in 1980 by William Bowes from Cetus Corporation and Winston Salser from UCLA, Amgen is now one of the world's largest independent biotechnology companies, with over 24,000 employees worldwide. The company's primary focus is on molecular biology and biochemistry, intending to provide healthcare solutions based on recombinant DNA technology.Neulasta, one of Amgen's most prominent selling product lines, is used to prevent infections in patients undergoing cancer chemotherapy. Enbrel is another famous selling product line for Amgen, used in the treatment of rheumatoid arthritis and other autoimmune diseases. The company's other products have various applications in treating cancer, anemia, osteoporosis and other conditions.Amgen has a rich history of strong leadership, with the appointment of several successful CEOs since its inception. Robert A. Bradway is the current CEO and was brought to Amgen in May 2012 following his predecessor's retirement. Bradway has led the company to new heights with strategic acquisitions and partnerships.Amgen has made at least five major corporate acquisitions. In 2019, the company announced it would acquire Nuevolution AB and the Otezla drug program from Celgene and a 20.5% stake in the Beijing-based BeiGene for $2.7 billion. These acquisitions have strengthened Amgen's drug pipeline and provided new revenue streams for the company. In March 2021, Amgen announced its plans to acquire Five Prime Therapeutics and its lead research drug candidate, bemarituzumab, for $1.9 billion. It also agreed to acquire Rodeo Therapeutics for up to $720 million. These acquisitions are part of the company's ongoing efforts to expand its drug pipeline and bring new treatments to patients.In 2012, Amgen faced legal issues when it pleaded guilty and agreed to pay $150 million in criminal penalties and $612 million in damages to resolve 11 related whistleblower complaints. Amgen has also faced criticism for lobbying for a two-year extension on sales of drugs, including Sensipar, without government controls, which will cost taxpayers an estimated $500 million. However, the company remains committed to providing innovative and effective healthcare solutions for patients.Amgen's success can be attributed to its commitment to innovation, strategic acquisitions, strong partnerships and top-end leadership. The company's impressive portfolio of products and its commitment to the community has solidified Amgen's position as a leader in biopharmaceuticals.Written by Jeffrey Neal JohnsonRead More AMGN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AMGN Stock News HeadlinesJuly 15, 2024 | marketbeat.comCPI Data Sparks Rally in Biotech Stocks (AMGN)Following lower-than-expected inflation data on Thursday, The biotech sector broke out above resistance, closing the week up 6%, far outperforming the market.July 15, 2024 | marketbeat.comPositive News is Driving This Cancer Drug Maker’s Stock Higher (AMGN)IDEAYA Biosciences stock is up more than 16% on positive treatment data in a Phase 2 clinical trial, but after a 76% run-up, IDYA stock may need a breatherJuly 26, 2024 | Traders Agency (Ad)5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.July 2, 2024 | marketbeat.comBiotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex (AMGN)The biotech sector (IBB) is trading just 3% away from its 52-week high and a significant resistance level, suggesting a potential breakout.July 26 at 8:06 PM | marketwatch.comAmgen Inc. stock rises Friday, still underperforms marketJuly 26 at 8:06 PM | benzinga.comUnpacking the Latest Options Trading Trends in AmgenJuly 25 at 11:23 PM | finance.yahoo.comAmgen (AMGN) Stock Moves -0.39%: What You Should KnowJuly 24 at 8:34 PM | marketwatch.comAmgen Inc. stock underperforms Wednesday when compared to competitors despite daily gainsJuly 26, 2024 | Traders Agency (Ad)5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942%, and 12,592% in 2020. Now their next one could be here.July 24 at 3:40 PM | investorplace.com3 Fabulous Growth Stocks to Buy and Hold ForeverJuly 24 at 7:20 AM | americanbankingnews.comAmgen Inc. (NASDAQ:AMGN) to Post Q3 2024 Earnings of $5.41 Per Share, William Blair ForecastsJuly 23 at 6:45 PM | markets.businessinsider.comTD Cowen Reaffirms Their Buy Rating on Amgen (AMGN)July 23 at 6:45 PM | finance.yahoo.comInvestors in Amgen (NASDAQ:AMGN) have seen splendid returns of 122% over the past five yearsJuly 23 at 2:57 PM | investorplace.com7 Biotech Stocks to Keep on Your Clinical RadarJuly 23 at 1:23 PM | investorplace.com3 Stocks That Are Melting Up. Is There Room to Run?July 23 at 12:42 AM | sg.finance.yahoo.comAMGN Sep 2024 250.000 callJuly 23 at 12:17 AM | nasdaq.comAMGN Quantitative Stock AnalysisJuly 22, 2024 | investors.comDow Jones Leader Amgen, Nvidia Stock, Coinbase In Or Near Buy ZonesSee More Headlines Receive AMGN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Amgen and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/02/2024Ex-Dividend for 6/7 Dividend5/16/2024Dividend Payable6/07/2024Today7/26/2024Next Earnings (Confirmed)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorMedical Industry Biological products, except diagnostic Sub-IndustryBiotechnology Current SymbolNASDAQ:AMGN CUSIP03116210 CIK318154 Webwww.amgen.com Phone(805) 447-1000Fax805-447-1010Employees26,700Year Founded1980Price Target and Rating Average Stock Price Target$312.63 High Stock Price Target$360.00 Low Stock Price Target$235.00 Potential Upside/Downside-7.2%Consensus RatingModerate Buy Rating Score (0-4)2.52 Research Coverage21 Analysts Profitability EPS (Most Recent Fiscal Year)$7.00 Trailing P/E Ratio48.10 Forward P/E Ratio17.27 P/E Growth2.79Net Income$6.72 billion Net Margins12.74% Pretax Margin14.71% Return on Equity156.21% Return on Assets10.82% Debt Debt-to-Equity Ratio11.96 Current Ratio1.42 Quick Ratio0.98 Sales & Book Value Annual Sales$28.19 billion Price / Sales6.41 Cash Flow$26.45 per share Price / Cash Flow12.73 Book Value$11.65 per share Price / Book28.90Miscellaneous Outstanding Shares536,430,000Free Float532,734,000Market Cap$180.63 billion OptionableOptionable Beta0.58 Social Links Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Robert A. Bradway (Age 61)Chairman, CEO & President Comp: $6.73MMr. Peter H. Griffith (Age 65)Executive VP & CFO Comp: $3.07MMr. Esteban Santos (Age 56)Executive Vice President of Operations Comp: $3.01MDr. David M. Reese M.D. (Age 61)Executive VP & Chief Technology Officer Comp: $3.4MMr. Murdo Gordon (Age 57)Executive Vice President of Global Commercial Operations Comp: $3.24MMr. Matthew C. Busch (Age 50)Chief Accounting Officer & VP of Finance Mr. Mike ZahigianSenior VP & Chief Information OfficerDr. James E. Bradner M.D. (Age 52)Executive VP of Research and Development & Chief Scientific Officer Justin G. ClaeysVice President of Investor RelationsMr. Jonathan P. Graham (Age 63)Executive VP, General Counsel & Secretary Comp: $2.44MMore ExecutivesKey CompetitorsVertex PharmaceuticalsNASDAQ:VRTXRegeneron PharmaceuticalsNASDAQ:REGNGilead SciencesNASDAQ:GILDModernaNASDAQ:MRNASeagenNASDAQ:SGENView All CompetitorsInsiders & InstitutionsBristlecone Advisors LLCSold 99 shares on 7/26/2024Ownership: 0.003%Checchi Capital Advisers LLCBought 101 shares on 7/26/2024Ownership: 0.001%MWA Asset ManagementBought 67 shares on 7/26/2024Ownership: 0.000%Townsend Asset Management Corp NC ADVBought 80 shares on 7/26/2024Ownership: 0.000%Smallwood Wealth Investment Management LLCSold 42 shares on 7/26/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions Should I Buy Amgen Stock? AMGN Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Amgen Inc.: Amgen's recent earnings report exceeded analysts' expectations, with a higher EPS of $3.96 compared to the consensus estimate of $3.76, indicating strong financial performance. Multiple analyst upgrades and target price increases suggest positive sentiment towards Amgen's stock, potentially leading to price appreciation. Amgen's current stock price of $310.88 on July 5th, 2024, is showing an upward trend, indicating potential growth opportunities. Strong institutional investor interest in Amgen, with notable firms increasing their stakes in the company, signaling confidence in its future prospects. Amgen's diverse portfolio of human therapeutics and global presence provide a stable revenue stream and growth potential in the biopharmaceutical industry. Cons Investors should be bearish about investing in Amgen Inc. for these reasons: Amgen's high debt-to-equity ratio of 11.96 may pose a risk in terms of financial leverage and potential constraints on future growth initiatives. While Amgen's revenue was up 22.0% year-over-year, the company's net margin of 12.74% indicates relatively lower profitability compared to some competitors in the industry. Despite recent positive analyst ratings, the stock's PE ratio of 44.41 and price-to-earnings-growth ratio of 2.79 may suggest that the stock is currently overvalued. Market volatility and regulatory challenges in the biopharmaceutical sector could impact Amgen's stock performance and growth prospects in the future. Amgen's 52-week high of $329.72 may indicate potential resistance levels for further stock price appreciation in the near term. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Amgen pros and cons to contact@marketbeat.com. AMGN Stock Analysis - Frequently Asked Questions How have AMGN shares performed this year? Amgen's stock was trading at $288.02 at the beginning of 2024. Since then, AMGN stock has increased by 16.3% and is now trading at $334.85. View the best growth stocks for 2024 here. How were Amgen's earnings last quarter? Amgen Inc. (NASDAQ:AMGN) issued its earnings results on Thursday, May, 2nd. The medical research company reported $3.96 EPS for the quarter, topping the consensus estimate of $3.76 by $0.20. The firm's quarterly revenue was up 22.0% on a year-over-year basis. Read the conference call transcript. What is Robert A. Bradway's approval rating as Amgen's CEO? 1,239 employees have rated Amgen Chief Executive Officer Robert A. Bradway on Glassdoor.com. Robert A. Bradway has an approval rating of 91% among the company's employees. This puts Robert A. Bradway in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 81.0% of employees surveyed would recommend working at Amgen to a friend. Does Amgen have any subsidiaries? The following companies are subsidiaries of Amgen: TeneoBio, Five Prime Therapeutics, Rodeo Therapeutics, Otezla, Nuevolution, Catherex, Catherex, and others. Who are Amgen's major shareholders? Amgen's top institutional investors include Bank of New York Mellon Corp (1.00%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Sarasin & Partners LLP (0.21%) and Granite Bay Wealth Management LLC (0.14%). Insiders that own company stock include Amgen Inc, Murdo Gordon, Jonathan P Graham, Robert Eckert, Nancy A Grygiel, Nancy A Grygiel and R Sanders Williams. View institutional ownership trends. How do I buy shares of Amgen? Shares of AMGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Amgen own? Based on aggregate information from My MarketBeat watchlists, some other companies that Amgen investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV) and Walt Disney (DIS). This page (NASDAQ:AMGN) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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