Amgen Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Amgen stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMGN, but not buy additional shares or sell existing shares.
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14 Wall Street analysts have issued twelve-month price targets for Amgen's stock. Their AMGN stock forecasts range from $185.00 to $290.00. On average, they predict Amgen's share price to reach $242.57 in the next twelve months. This suggests that the stock has a possible downside of 1.9%.
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Amgen's stock was trading at $224.97 at the beginning of 2022. Since then, AMGN stock has increased by 10.0% and is now trading at $247.37.
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Amgen is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Amgen will be holding an earnings conference call on Thursday, August 4th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "140368".

Amgen Inc. (NASDAQ:AMGN) posted its quarterly earnings results on Wednesday, April, 27th. The medical research company reported $4.25 earnings per share for the quarter, beating analysts' consensus estimates of $4.22 by $0.03. The medical research company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.09 billion. Amgen had a net margin of 21.75% and a trailing twelve-month return on equity of 165.95%. During the same period in the previous year, the company posted $3.70 EPS.
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Amgen announced a quarterly dividend on Wednesday, March 2nd. Shareholders of record on Tuesday, May 17th will be given a dividend of $1.94 per share on Wednesday, June 8th. This represents a $7.76 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, May 16th.
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Amgen(NASDAQ:AMGN) pays an annual dividend of $7.76 per share and currently has a dividend yield of 3.15%. Amgen has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Amgen is 76.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Amgen will have a dividend payout ratio of 40.97% next year. This indicates that Amgen will be able to sustain or increase its dividend.
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Amgen issued an update on its FY22 earnings guidance on Wednesday, April, 27th. The company provided EPS guidance of $17.00-18.00 for the period, compared to the consensus earnings per share estimate of $17.61. The company issued revenue guidance of $25.4-26.5 billion, compared to the consensus revenue estimate of $26.09 billion.

806 employees have rated Amgen CEO Robert A. Bradway on Glassdoor.com. Robert A. Bradway has an approval rating of 91% among Amgen's employees. This puts Robert A. Bradway in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Amgen include Gilead Sciences (GILD), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), Seagen (SGEN), Biogen (BIIB), Alnylam Pharmaceuticals (ALNY), Incyte (INCY), BioMarin Pharmaceutical (BMRN), United Therapeutics (UTHR), Repligen (RGEN), Neurocrine Biosciences (NBIX), Exact Sciences (EXAS), Halozyme Therapeutics (HALO), Exelixis (EXEL) and Novavax (NVAX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Amgen investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA) and Home Depot (HD).

Amgen trades on the NASDAQ under the ticker symbol "AMGN."

Amgen's stock is owned by many different retail and institutional investors. Top institutional investors include Parsec Financial Management Inc. (0.03%), Bard Financial Services Inc. (0.01%), Hikari Power Ltd (0.01%), Capital Investment Advisors LLC (0.00%), Chemung Canal Trust Co. (0.00%) and Birch Capital Management LLC (0.00%). Company insiders that own Amgen stock include Cynthia M Patton, David Piacquad, David W Meline, Jonathan P Graham, Jonathan P Graham, Nancy A Grygiel, Nancy A Grygiel, R Sanders Williams, Ronald D Sugar and Ronald D Sugar.
View institutional ownership trends for Amgen.

AMGN stock was sold by a variety of institutional investors in the last quarter, including Pensionfund Sabic, Fulton Bank N.A., E&G Advisors LP, Independence Bank of Kentucky, and Private Asset Management Inc.. Company insiders that have sold Amgen company stock in the last two years include Jonathan P Graham, Nancy A Grygiel, R Sanders Williams, and Ronald D Sugar.
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AMGN stock was acquired by a variety of institutional investors in the last quarter, including Chemung Canal Trust Co., Parsec Financial Management Inc., Capital Investment Advisors LLC, Hikari Power Ltd, Stillwater Investment Management LLC, M&R Capital Management Inc., Birch Capital Management LLC, and Crestwood Advisors Group LLC.
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Shares of AMGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMGN stock can currently be purchased for approximately $247.37.

Amgen (NASDAQ:AMGN) has a market capitalization of $132.15 billion and generates $25.98 billion in revenue each year. The medical research company earns $5.89 billion in net income (profit) each year or $10.16 on an earnings per share basis.

Amgen employs 24,200 workers across the globe.

Amgen was founded in 1980.

Amgen's mailing address is ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA, 91320. The official website for Amgen is www.amgen.com. The medical research company can be reached via phone at (805) 447-1000, via email at investor.relations@amgen.com, or via fax at 805-447-1010.