NASDAQ:AMGN

Amgen Stock Forecast, Price & News

$257.36
+2.23 (+0.87 %)
(As of 04/16/2021 10:41 AM ET)
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Today's Range
$254.67
Now: $257.36
$258.85
50-Day Range
$221.91
MA: $240.25
$254.96
52-Week Range
$210.28
Now: $257.36
$276.69
Volume33,529 shs
Average Volume2.65 million shs
Market Capitalization$148.19 billion
P/E Ratio20.75
Dividend Yield2.82%
Beta0.76
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.; and Eli Lilly and Company. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.
Amgen logo

Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:AMGN
CUSIP03116210
Phone805-447-1000
Employees24,300
Year Founded1980

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$23.36 billion
Cash Flow$19.83 per share
Book Value$16.28 per share

Profitability

Net Income$7.84 billion

Miscellaneous

Market Cap$148.19 billion
Next Earnings Date4/27/2021 (Confirmed)
OptionableOptionable

Headlines

3 Big-Time Biotech Stocks to Buy Now
April 2, 2021 |  marketbeat.com
Amgen Inc. (NASDAQ:AMGN) Director Sells $249,980.00 in Stock
April 15, 2021 |  americanbankingnews.com
Amgen Looks Ready for an Upside Breakout - RealMoney
April 14, 2021 |  realmoney.thestreet.com
Oppenheimer Boosts Amgen (NASDAQ:AMGN) Price Target to $275.00
April 5, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

2.27 out of 5 stars

Medical Sector

20th out of 2,021 stocks

Biological Products, Except Diagnostic Industry

4th out of 177 stocks

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$257.36
+2.23 (+0.87 %)
(As of 04/16/2021 10:41 AM ET)
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Amgen (NASDAQ:AMGN) Frequently Asked Questions

Is Amgen a buy right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 9 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Amgen stock.
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 "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Amgen wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Amgen's next earnings date?

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

How can I listen to Amgen's earnings call?

Amgen will be holding an earnings conference call on Tuesday, April 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Amgen's earnings last quarter?

Amgen Inc. (NASDAQ:AMGN) released its earnings results on Monday, February, 1st. The medical research company reported $3.81 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.39 by $0.42. The medical research company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.57 billion. Amgen had a trailing twelve-month return on equity of 95.55% and a net margin of 29.42%. Amgen's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $3.64 EPS.
View Amgen's earnings history
.

How has Amgen's stock price 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 (WHO). Since then, AMGN stock has increased by 28.4% and is now trading at $255.13.
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. Investors 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 yield of 2.76%. 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 2.82%. Amgen does not yet have a strock track record of dividend growth. The dividend payout ratio of Amgen is 47.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Amgen will have a dividend payout ratio of 41.41% 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 Pre-Market earnings guidance on Thursday, March, 4th. The company provided earnings per share (EPS) guidance of 16.00-17.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $16.85. The company issued revenue guidance of $25.8-26.6 billion, compared to the consensus revenue estimate of $26.47 billion.

What price target have analysts set for AMGN?

23 brokerages have issued 12 month target prices for Amgen's stock. Their forecasts range from $215.00 to $304.00. On average, they anticipate Amgen's stock price to reach $261.05 in the next year. This suggests a possible upside of 2.3% 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 $5.61M) (LinkedIn Profile)
  • Mr. Jonathan P. Graham, Exec. VP, Gen. Counsel & Sec. (Age 60, Pay $2.44M) (LinkedIn Profile)
  • Dr. David M. Reese M.D., Exec. VP of R&D (Age 58, Pay $2.54M)
  • Mr. Murdo Gordon, Exec. VP of Global Commercial Operations (Age 54, Pay $2.66M) (LinkedIn Profile)
  • Mr. Peter H. Griffith, Exec. VP & CFO (Age 62) (LinkedIn Profile)
  • Mr. Esteban Santos, Exec. VP of Operations (Age 53)
  • Ms. Linda H. Louie, VP of Fin. & Chief Accounting Officer
  • Mr. Mike Zahigian, Sr. VP & Chief Information Officer (LinkedIn Profile)
  • Mr. Arvind Sood, VP of Investor Relations
  • Ms. Nancy A. Grygiel, Sr. VP of Worldwide Compliance & Bus. Ethics and Chief Compliance Officer (Age 53) (LinkedIn Profile)

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 a number of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.04%), Royal London Asset Management Ltd. (0.04%), Gateway Investment Advisers LLC (0.04%), Clarus Group Inc. (0.03%), State of Alaska Department of Revenue (0.02%) and Wedge Capital Management L L P NC (0.02%). Company insiders that own Amgen stock include Cynthia M Patton, David Piacquad, David W Meline, Jonathan P Graham, 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 Gateway Investment Advisers LLC, Retirement Systems of Alabama, CX Institutional, State of Alaska Department of Revenue, Strategic Investment Advisors MI, Huntington National Bank, Pacer Advisors Inc., and Crossmark Global Holdings Inc.. Company insiders that have sold Amgen company stock in the last year include Jonathan P Graham, 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 purchased by a variety of institutional investors in the last quarter, including Clarus Group Inc., Everence Capital Management Inc., DnB Asset Management AS, TrimTabs Asset Management LLC, Resource Planning Group, High Pines Wealth Management LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, and Louisiana State Employees Retirement System.
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 $255.13.

How much money does Amgen make?

Amgen has a market capitalization of $146.90 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.

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 4/16/2021 by MarketBeat.com Staff
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