NASDAQ:AMGN

Amgen Stock Forecast, Price & News

$238.68
-2.08 (-0.86 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$236.47
$241.00
50-Day Range
$233.58
$259.14
52-Week Range
$210.28
$276.69
Volume5.55 million shs
Average Volume2.72 million shs
Market Capitalization$137.13 billion
P/E Ratio19.77
Dividend Yield2.92%
Beta0.72
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Amgen logo

About Amgen

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide. It focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology and neuroscience areas. The company's products include Enbrel to treat plaque psoriasis, rheumatoid arthritis, and psoriatic arthritis; Neulasta that reduces the chance of infection due a low white blood cell count in patients cancer; Prolia to treat postmenopausal women with osteoporosis; Xgeva for skeletal-related events prevention; Otezla for the treatment of adult patients with plaque psoriasis, psoriatic arthritis, and oral ulcers associated with Behçet's disease; Aranesp to treat a lower-than-normal number of red blood cells and anemia; KYPROLIS to treat patients with relapsed or refractory multiple myeloma; and Repatha, which reduces the risks of myocardial infarction, stroke, and coronary revascularization. It also markets Nplate, Vectibix, MVASI, Parsabiv, EPOGEN, KANJINTI, BLINCYTO, Aimovig, EVENITY, AMGEVITATM, Sensipar/Mimpara, NEUPOGEN, IMLYGIC, Corlanor, and AVSOLA. 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 collaboration agreements with Novartis Pharma AG; UCB; Bayer HealthCare LLC; BeiGene, Ltd.; Eli Lilly and Company; and Datos Health. It also has an agreement with Kyowa Kirin Co., Ltd. to jointly develop and commercialize KHK4083, a Phase 3-ready anti-OX40 fully human monoclonal antibody for the treatment of atopic dermatitis and other autoimmune diseases. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.

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MarketRank

Overall MarketRank

2.38 out of 5 stars

Medical Sector

11th out of 2,100 stocks

Biological Products, Except Diagnostic Industry

3rd out of 198 stocks

Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Amgen (NASDAQ:AMGN) Frequently Asked Questions

Is Amgen a buy right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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.
View analyst ratings for Amgen
or view top-rated stocks.

What stocks does MarketBeat like better than Amgen?

Wall Street analysts have given Amgen a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Amgen wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Amgen?

Amgen saw a decline in short interest in the month of May. As of May 28th, there was short interest totaling 10,040,000 shares, a decline of 12.4% from the May 13th total of 11,460,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.8% of the shares of the company are sold short.
View Amgen's Short Interest
.

When is Amgen's next earnings date?

Amgen is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Amgen
.

How were Amgen's earnings last quarter?

Amgen Inc. (NASDAQ:AMGN) announced its quarterly earnings results on Monday, April, 26th. The medical research company reported $3.70 earnings per share for the quarter, missing analysts' consensus estimates of $4.05 by $0.35. The medical research company earned $5.90 billion during the quarter, compared to analyst estimates of $6.30 billion. Amgen had a trailing twelve-month return on equity of 93.84% and a net margin of 28.16%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.17 EPS.
View Amgen's earnings history
.

How has Amgen's stock been impacted by Coronavirus (COVID-19)?

Amgen's stock was trading at $198.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AMGN shares have increased by 20.2% and is now trading at $238.68.
View which stocks have been most impacted by COVID-19
.

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

Amgen announced a quarterly dividend on Wednesday, March 3rd. Shareholders of record on Monday, May 17th will be paid a dividend of $1.76 per share on Tuesday, June 8th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, May 14th.
View Amgen's dividend history
.

Is Amgen a good dividend stock?

Amgen pays an annual dividend of $7.04 per share and currently has a dividend yield of 2.92%. Amgen does not yet have a strong track record of dividend growth. The dividend payout ratio of Amgen is 42.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Amgen will have a dividend payout ratio of 39.51% next year. This indicates that Amgen will be able to sustain or increase its dividend.
View Amgen's dividend history.

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

Amgen issued an update on its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share (EPS) guidance of 16.000-17.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $16.800. The company issued revenue guidance of $25.80 billion-$26.60 billion, compared to the consensus revenue estimate of $26.41 billion.

What price target have analysts set for AMGN?

25 brokers have issued 12 month price objectives for Amgen's stock. Their forecasts range from $200.00 to $301.00. On average, they expect Amgen's share price to reach $256.81 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts' price targets for Amgen
or view top-rated stocks among Wall Street analysts.

Who are Amgen's key executives?

Amgen's management team includes the following people:
  • Mr. Robert A. Bradway, Chairman, CEO & Pres (Age 58, Pay $5.73M)
  • Mr. Peter H. Griffith, Exec. VP & CFO (Age 62, Pay $2.57M)
  • Mr. Esteban Santos, Exec. VP of Operations (Age 53, Pay $2.59M)
  • Dr. David M. Reese M.D., Exec. VP of R&D (Age 58, Pay $2.71M)
  • Mr. Murdo Gordon, Exec. VP of Global Commercial Operations (Age 54, Pay $2.88M)
  • Ms. Linda H. Louie, VP of Fin. & Chief Accounting Officer
  • Mr. Mike Zahigian, Sr. VP & Chief Information Officer
  • Mr. Arvind Sood, VP of Investor Relations
  • Mr. Jonathan P. Graham, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Ms. Nancy A. Grygiel, Sr. VP of Worldwide Compliance & Bus. Ethics and Chief Compliance Officer (Age 53)

What is Robert A. Bradway's approval rating as Amgen's CEO?

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.

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 Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), The Walt Disney (DIS), AT&T (T), Alibaba Group (BABA) and The Home Depot (HD).

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.49%), Primecap Management Co. CA (2.90%), Morgan Stanley (1.73%), Geode Capital Management LLC (1.68%), Northern Trust Corp (1.35%) and Bank of New York Mellon Corp (1.11%). Company insiders that own Amgen stock include Cynthia M Patton, David Piacquad, David W Meline, Jonathan P Graham, Nancy A Grygiel, R Sanders Williams and Ronald D Sugar.
View institutional ownership trends for Amgen
.

Which major investors are selling Amgen stock?

AMGN stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Nuveen Asset Management LLC, Woodline Partners LP, Capital International Investors, Primecap Management Co. CA, DekaBank Deutsche Girozentrale, Fiera Capital Corp, and APG Asset Management N.V.. Company insiders that have sold Amgen company stock in the last year include Jonathan P Graham, Nancy A Grygiel, R Sanders Williams, and Ronald D Sugar.
View insider buying and selling activity for Amgen
or view top insider-selling stocks.

Which major investors are buying Amgen stock?

AMGN stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Franklin Resources Inc., BlackRock Inc., Geode Capital Management LLC, Canada Pension Plan Investment Board, Prentice Wealth Management LLC, Nordea Investment Management AB, and Wilkinson Global Asset Management LLC.
View insider buying and selling activity for Amgen
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Amgen's stock price today?

One share of AMGN stock can currently be purchased for approximately $238.68.

How much money does Amgen make?

Amgen has a market capitalization of $137.13 billion and generates $25.42 billion in revenue each year. The medical research company earns $7.26 billion in net income (profit) each year or $16.60 on an earnings per share basis.

How many employees does Amgen have?

Amgen employs 24,300 workers across the globe.

Does Amgen have any subsidiaries?

The following companies are subsidiares of Amgen: ATL Holdings II Limited, ATL Holdings Limited, Abgenix, Alantos Pharmaceuticals, Amgen (Europe) GmbH, Amgen Canada Inc., Amgen Fremont Inc., Amgen Global Finance B.V., Amgen GmbH Germany, Amgen Holding No. 1 Limited, Amgen K-A Inc., Amgen Manufacturing Limited, Amgen Rockville Inc., Amgen S.A.S., Amgen SF LLC, Amgen Technology, Amgen Technology (Ireland) Unlimited Company, Amgen USA Inc., Amgen Worldwide Holdings B.V., Avidia, Bergamo, BioVex, BioVex Inc., Catherex, DeCODE Genetics, Dezima Pharma, Filgrastim and Pegfilgrastim, Ilypsa, Immunex, Immunex Corporation, Immunex Rhode Island Corporation, KAI Pharmaceuticals, Kinetix Pharmaceuticals, Laboratorio Quimico Farmaceutico Bergamo, MN Pharmaceuticals, Micromet, Nuevolution, Onyx Pharmaceuticals, Onyx Pharmaceuticals Inc., Onyx Therapeutics Inc., Otezla, Synergen, and Tularik.

When was Amgen founded?

Amgen was founded in 1980.

What is Amgen's official website?

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

Where are Amgen's headquarters?

Amgen is headquartered at ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA, 91320.

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 6/18/2021 by MarketBeat.com Staff
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