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NASDAQ:AMGNAmgen Stock Price, Forecast & News

$234.65
-3.52 (-1.48 %)
(As of 08/12/2020 04:00 PM ET)
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Today's Range
$234.36
Now: $234.65
$238.90
50-Day Range
$231.56
MA: $247.62
$260.95
52-Week Range
$177.05
Now: $234.65
$264.97
Volume2.30 million shs
Average Volume2.89 million shs
Market Capitalization$137.43 billion
P/E Ratio19.17
Dividend Yield2.73%
Beta0.92
Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It offers products for the treatment of oncology/hematology, cardiovascular, inflammation, bone health, and neuroscience. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta, a pegylated protein to treat cancer patients; Prolia to treat postmenopausal women with osteoporosis; Aranesp to treat anemia; Xgeva for skeletal-related events prevention; Sensipar/Mimpara products to treat sHPT in chronic kidney disease; and EPOGEN to treat a lower-than-normal number of red blood cells. It also markets other products in various markets, including Kyprolis, Nplate, Vectibix, Repatha, NEUPOGEN, Parsabiv, Blincyto, Aimovig, Imlygic, Corlanor, Kanjintitm, and Amgevitatm. Amgen Inc. serves healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies. It distributes its products through pharmaceutical wholesale distributors, as well as direct-to-consumer channels. The company has collaborative agreements with Novartis; UCB; Bayer HealthCare Pharmaceuticals Inc.; and DaVita Inc. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:AMGN
CUSIP03116210
Phone805-447-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.36 billion
Cash Flow$18.62 per share
Book Value$18.20 per share

Profitability

Net Income$7.84 billion

Miscellaneous

Employees23,400
Market Cap$137.43 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$234.65
-3.52 (-1.48 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Amgen (NASDAQ:AMGN) Frequently Asked Questions

How has Amgen's stock price been impacted by Coronavirus?

Amgen's stock was trading at $198.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AMGN shares have increased by 18.1% and is now trading at $234.65.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Amgen?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last year. There are currently 1 sell rating, 11 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Amgen
.

When is Amgen's next earnings date?

Amgen is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Amgen
.

How were Amgen's earnings last quarter?

Amgen, Inc. (NASDAQ:AMGN) issued its quarterly earnings data on Tuesday, July, 28th. The medical research company reported $4.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.81 by $0.44. The medical research company earned $6.21 billion during the quarter, compared to analyst estimates of $6.19 billion. Amgen had a return on equity of 91.98% and a net margin of 30.04%. Amgen's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.97 EPS.
View Amgen's earnings history
.

How often does Amgen pay dividends? What is the dividend yield for Amgen?

Amgen declared a quarterly dividend on Thursday, July 23rd. Investors of record on Monday, August 17th will be paid a dividend of $1.60 per share on Tuesday, September 8th. This represents a $6.40 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, August 14th.
View Amgen's dividend history
.

What guidance has Amgen issued on next quarter's earnings?

Amgen issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $15.10-15.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.63. The company issued revenue guidance of $25.0-25.6 billion, compared to the consensus revenue estimate of $25.38 billion.

What price target have analysts set for AMGN?

29 Wall Street analysts have issued 12-month price objectives for Amgen's shares. Their forecasts range from $185.00 to $300.00. On average, they anticipate Amgen's share price to reach $253.65 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts' price targets for Amgen
.

What are Wall Street analysts saying about Amgen stock?

Here are some recent quotes from research analysts about Amgen stock:
  • 1. According to Zacks Investment Research, "In 2020, while Amgen’s growth products like Prolia, Evenity, Repatha, Aimovig, Otezla and biosimilars will drive sales, increasing competition for its legacy products will continue to hurt the same. Amgen boasts a strong biosimilars portfolio. It is also progressing with its pipeline while regularly pursuing “external opportunities” such as the acquisition of Otezla and the recently acquired stake in China's BeiGene. Amgen also expects several important clinical data readouts from its innovative pipeline in 2020. However, pricing and competitive pressure are concerns. Amgen’s shares have outperformed the industry in the past one year. Estimates have gone down ahead of Q1 results due to uncertainty about the impact of the coronavirus pandemic on results. Amgen has a positive record of earnings surprise in recent quarters." (4/15/2020)
  • 2. William Blair analysts commented, "We ultimately view the deal as positive for Amgen and a good fit for management’s strategy given the low-risk nature of the deal and immediate accretion." (8/30/2019)

Has Amgen been receiving favorable news coverage?

News stories about AMGN stock have trended extremely negative this week, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Amgen earned a media sentiment score of -4.1 on InfoTrie's scale. They also assigned news headlines about the medical research company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Amgen
.

Are investors shorting Amgen?

Amgen saw a drop in short interest in May. As of May 15th, there was short interest totaling 7,010,000 shares, a drop of 11.0% from the April 30th total of 7,880,000 shares. Based on an average daily trading volume, of 3,490,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the company's stock are short sold.
View Amgen's Short Interest
.

Who are some of Amgen's key competitors?

What other stocks do shareholders of Amgen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amgen investors own include NVIDIA (NVDA), Johnson & Johnson (JNJ), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), AT&T (T), Walt Disney (DIS) and Gilead Sciences (GILD).

Who are Amgen's key executives?

Amgen's management team includes the following people:
  • Mr. Robert A. Bradway, Chairman, CEO & Pres (Age 56)
  • Mr. David W. Meline, Exec. VP & CFO (Age 62)
  • Mr. Jonathan P. Graham, Sr. VP, Gen. Counsel & Sec. (Age 58)
  • Dr. David M. Reese M.D., Exec. VP of R&D (Age 56)
  • Mr. Murdo Gordon, Exec. VP of Global Commercial Operations (Age 52)

What is Amgen's stock symbol?

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

Who are Amgen's major shareholders?

Amgen's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (1.14%), LSV Asset Management (0.49%), Sumitomo Mitsui Trust Holdings Inc. (0.46%), Swiss National Bank (0.40%), PNC Financial Services Group Inc. (0.29%) and California Public Employees Retirement System (0.23%). Company insiders that own Amgen stock include Cynthia M Patton, David Piacquad, David W Meline, Jonathan P Graham, R Sanders Williams, Ronald D Sugar and Tyler Jacks.
View institutional ownership trends for Amgen
.

Which institutional investors are selling Amgen stock?

AMGN stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Toronto Dominion Bank, LSV Asset Management, Healthcare of Ontario Pension Plan Trust Fund, Natixis Advisors L.P., State of Wisconsin Investment Board, MERIAN GLOBAL INVESTORS UK Ltd, and Envestnet Asset Management Inc.. Company insiders that have sold Amgen company stock in the last year include Cynthia M Patton, David Piacquad, David W Meline, Jonathan P Graham, R Sanders Williams, and Ronald D Sugar.
View insider buying and selling activity for Amgen
.

Which institutional investors are buying Amgen stock?

AMGN stock was purchased by a variety of institutional investors in the last quarter, including Raymond James Financial Services Advisors Inc., Robeco Institutional Asset Management B.V., Thrivent Financial for Lutherans, Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, Wedge Capital Management L L P NC, Cullinan Associates Inc., and Principal Financial Group Inc..
View insider buying and selling activity for Amgen
.

How do I buy shares of Amgen?

Shares of AMGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Amgen's stock price today?

One share of AMGN stock can currently be purchased for approximately $234.65.

How big of a company is Amgen?

Amgen has a market capitalization of $137.43 billion and generates $23.36 billion in revenue each year. The medical research company earns $7.84 billion in net income (profit) each year or $14.82 on an earnings per share basis. Amgen employs 23,400 workers across the globe.

What is Amgen's official website?

The official website for Amgen is www.amgen.com.

How can I contact Amgen?

Amgen's mailing address is ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA, 91320. The medical research company can be reached via phone at 805-447-1000 or via email at [email protected]

This page was last updated on 8/13/2020 by MarketBeat.com Staff

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