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NASDAQ:AMGN

Amgen - AMGN Stock Forecast, Price & News

$282.62
-1.12 (-0.39%)
(As of 11/28/2022 12:00 AM ET)
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Compare
Today's Range
$282.19
$288.28
50-Day Range
$224.46
$292.39
52-Week Range
$198.64
$296.67
Volume
2.37 million shs
Average Volume
3.00 million shs
Market Capitalization
$150.80 billion
P/E Ratio
22.66
Dividend Yield
2.73%
Price Target
$248.19

Amgen MarketRank™ Forecast

Analyst Rating
Hold
2.07 Rating Score
Upside/​Downside
12.2% Downside
$248.19 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.42
Upright™ Environmental Score
News Sentiment
0.05mentions of Amgen in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$159,979 Sold Last Quarter
Proj. Earnings Growth
5.56%
From $17.64 to $18.62 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Medical Sector

76th out of 1,040 stocks

Biological Products, Except Diagnostic Industry

7th out of 175 stocks

AMGN stock logo

About Amgen (NASDAQ:AMGN) Stock

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. It has collaboration agreements with Novartis Pharma AG; UCB; Bayer HealthCare LLC; BeiGene, Ltd.; Eli Lilly and Company; Datos Health; and Verastem, Inc. to evaluate VS-6766 in combination with lumakrastm (Sotorasib) in patients with KRAS G12C-mutant non-small cell lung cancer. It 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; and research and development collaboration with Neumora Therapeutics, Inc. and Plexium, Inc. Amgen Inc. was incorporated in 1980 and is headquartered in Thousand Oaks, California.

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AMGN Stock News Headlines

Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report? (AMGN)
Neurocrine Biosciences trended higher with the broad market Thursday, coming within a penny of Tuesday’s high of $125.99. It is forming a bullish channel.
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Amgen (NASDAQ:AMGN) Price Target Raised to $300.00 at Oppenheimer
Top Research Reports for Novo Nordisk, Amgen & ADP
How Is The Market Feeling About Amgen?
Dow Movers: CRM, AMGN
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2 Ultra-Safe Passive Income Stocks to Buy Right Now
See More Headlines
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AMGN Company Calendar

Ex-Dividend for 9/8 Dividend
8/17/2022
Dividend Payable
9/08/2022
Last Earnings
11/03/2022
Ex-Dividend for 12/8 Dividend
11/16/2022
Today
11/28/2022
Dividend Payable
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:AMGN
CUSIP
03116210
Employees
24,200
Year Founded
1980

Price Target and Rating

Average Stock Price Forecast
$248.19
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$182.00
Forecasted Upside/Downside
-12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
14 Analysts

Profitability

Net Income
$5.89 billion
Pretax Margin
29.35%

Debt

Sales & Book Value

Annual Sales
$25.98 billion
Cash Flow
$23.53 per share
Book Value
$12.00 per share

Miscellaneous

Free Float
531,125,000
Market Cap
$150.80 billion
Optionable
Optionable
Beta
0.64

Social Links


Key Executives

  • Mr. Robert A. BradwayMr. Robert A. Bradway (Age 59)
    Chairman, CEO & Pres
    Comp: $5.81M
  • Mr. Peter H. GriffithMr. Peter H. Griffith (Age 63)
    Exec. VP & CFO
    Comp: $2.66M
  • Mr. Esteban Santos (Age 54)
    Exec. VP of Operations
    Comp: $2.61M
  • Dr. David M. Reese M.D. (Age 59)
    Exec. VP of R&D
    Comp: $2.79M
  • Mr. Murdo Gordon (Age 55)
    Exec. VP of Global Commercial Operations
    Comp: $2.82M
  • 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. GrahamMr. Jonathan P. Graham (Age 61)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Nancy A. GrygielMs. Nancy A. Grygiel (Age 54)
    Sr. VP of Worldwide Compliance & Bus. Ethics and Chief Compliance Officer













AMGN Stock - Frequently Asked Questions

Should I buy or sell Amgen stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 4 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AMGN shares. 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 AMGN analyst ratings
or view top-rated stocks.

What is Amgen's stock price forecast for 2023?

14 equities research analysts have issued 12-month price objectives for Amgen's shares. Their AMGN share price forecasts range from $182.00 to $300.00. On average, they expect the company's stock price to reach $248.19 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts price targets for AMGN
or view top-rated stocks among Wall Street analysts.

How have AMGN shares performed in 2022?

Amgen's stock was trading at $224.97 on January 1st, 2022. Since then, AMGN stock has increased by 26.1% and is now trading at $283.67.
View the best growth stocks for 2022 here
.

Are investors shorting Amgen?

Amgen saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 10,430,000 shares, a decline of 11.4% from the October 31st total of 11,770,000 shares. Based on an average trading volume of 2,800,000 shares, the short-interest ratio is currently 3.7 days. Currently, 2.0% of the shares of the company are sold short.
View Amgen's Short Interest
.

When is Amgen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our AMGN earnings forecast
.

How were Amgen's earnings last quarter?

Amgen Inc. (NASDAQ:AMGN) posted its quarterly earnings results on Thursday, November, 3rd. The medical research company reported $4.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.44 by $0.26. The medical research company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.56 billion. Amgen had a net margin of 25.96% and a trailing twelve-month return on equity of 287.23%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $4.67 earnings per share.
Read the conference call transcript
.

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

Amgen announced a quarterly dividend on Friday, October 28th. Shareholders of record on Thursday, November 17th will be paid a dividend of $1.94 per share on Thursday, December 8th. This represents a $7.76 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, November 16th.
Read our dividend analysis for AMGN
.

Is Amgen a good dividend stock?

Amgen (NASDAQ:AMGN) pays an annual dividend of $7.76 per share and currently has a dividend yield of 2.73%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMGN will have a dividend payout ratio of 41.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMGN.

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

Amgen updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $17.25-$17.85 for the period, compared to the consensus estimate of $17.50. The company issued revenue guidance of $26.00 billion-$26.30 billion, compared to the consensus revenue estimate of $26.14 billion.

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.

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), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA) and 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.89%), BlackRock Inc. (8.78%), State Street Corp (5.45%), Primecap Management Co. CA (2.92%), Royal Bank of Canada (1.14%) and Bank of New York Mellon Corp (1.12%). Insiders that own company stock include David Piacquad, Jonathan P Graham, Jonathan P Graham, Nancy A Grygiel, Nancy A Grygiel, R Sanders Williams, Robert Eckert, Ronald D Sugar and Ronald D Sugar.
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 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 $283.67.

How much money does Amgen make?

Amgen (NASDAQ:AMGN) has a market capitalization of $151.36 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 $12.47 on an earnings per share basis.

How many employees does Amgen have?

The company employs 24,200 workers across the globe.

Does Amgen have any subsidiaries?
The following companies are subsidiares of Amgen: Abgenix, Alantos Pharmaceuticals, Amgen Canada Inc., Amgen Europe GmbH, Amgen Fremont Inc., Amgen Global Finance B.V., Amgen GmbH Germany, Amgen Ilaç Ticaret Limited Şirketi, Amgen K-A Inc., Amgen Manufacturing Limited, Amgen Research Munich GmbH, Amgen Rockville Inc., Amgen S.A., Amgen S.A.S., Amgen S.p.A., Amgen SF LLC, Amgen Singapore Manufacturing Pte. Ltd., Amgen Technology Ireland Unlimited Company, Amgen Technology Limited, Amgen USA Inc., Amgen Worldwide Holdings B.V., Avidia, Bergamo, BioVex, BioVex Inc., Catherex, Catherex, DeCODE Genetics, Dezima Pharma, Filgrastim and Pegfilgrastim, Five Prime Therapeutics, Five Prime Therapeutics Inc., Gensenta İlaç Sanayi ve Ticaret Anonim Şirketi, Ilypsa, Immunex, Immunex Corporation, Immunex Rhode Island Corporation, KAI Pharmaceuticals, KAI Pharmaceuticals Inc., Kinetix Pharmaceuticals, Laboratorio Quimico Farmaceutico Bergamo, MN Pharmaceuticals, Micromet, Nuevolution, Onyx Pharmaceuticals, Onyx Pharmaceuticals Inc., Onyx Therapeutics Inc., Otezla, Rodeo Therapeutics, Saga Investments Coöperatief U.A., Synergen, TeneoBio, TeneoBio Inc., Tularik, deCODE Genetics ehf, and llypsa Inc..
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How can I contact Amgen?

Amgen's mailing address is ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA, 91320. The official website for the company 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.

This page (NASDAQ:AMGN) was last updated on 11/28/2022 by MarketBeat.com Staff