Biogen Stock Forecast, Price & News

30 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 4 sell ratings, 14 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Biogen stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BIIB, but not buy additional shares or sell existing shares.
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Biogen is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
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Biogen Inc. (NASDAQ:BIIB) posted its quarterly earnings data on Wednesday, April, 21st. The biotechnology company reported $5.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $5.06 by $0.28. The biotechnology company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.67 billion. Biogen had a net margin of 35.63% and a trailing twelve-month return on equity of 51.00%. Biogen's revenue for the quarter was down 23.8% on a year-over-year basis. During the same quarter last year, the business posted $9.14 earnings per share.
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Biogen's stock was trading at $294.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BIIB shares have decreased by 7.0% and is now trading at $273.76.
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Biogen announced that its Board of Directors has approved a share repurchase plan on Monday, December 23rd 2019, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Biogen issued an update on its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 17.500-19.000 for the period, compared to the Thomson Reuters consensus estimate of $18.410. The company issued revenue guidance of $10.45 billion-$10.75 billion, compared to the consensus revenue estimate of $10.57 billion.

30 Wall Street analysts have issued 12 month target prices for Biogen's shares. Their forecasts range from $175.00 to $450.00. On average, they anticipate Biogen's stock price to reach $305.57 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
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186 employees have rated Biogen CEO Michel Vounatsos on Glassdoor.com. Michel Vounatsos has an approval rating of 86% among Biogen's employees.

Some companies that are related to Biogen include Amgen (AMGN), Gilead Sciences (GILD), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), Alexion Pharmaceuticals (ALXN), Seagen (SGEN), Incyte (INCY), Exact Sciences (EXAS), Alnylam Pharmaceuticals (ALNY), BioMarin Pharmaceutical (BMRN), Novavax (NVAX), Repligen (RGEN), United Therapeutics (UTHR), Neurocrine Biosciences (NBIX) and Exelixis (EXEL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Biogen investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Amgen (AMGN), The Walt Disney (DIS), Intel (INTC), Micron Technology (MU) and The Boeing (BA).

Biogen trades on the NASDAQ under the ticker symbol "BIIB."

Biogen's stock is owned by a number of retail and institutional investors. Top institutional investors include LSV Asset Management (0.61%), Swiss National Bank (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Parnassus Investments CA (0.21%), Rhumbline Advisers (0.20%) and BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.19%). Company insiders that own Biogen stock include Alfred Sandrock, Brian S Posner, Michel Vounatsos and Stephen A Sherwin.
View institutional ownership trends for Biogen.

BIIB stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Virginia Retirement Systems ET AL, PGGM Investments, Sumitomo Mitsui Trust Holdings Inc., Robeco Institutional Asset Management B.V., Alberta Investment Management Corp, Exchange Traded Concepts LLC, and M&T Bank Corp.
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BIIB stock was bought by a variety of institutional investors in the last quarter, including Parnassus Investments CA, State of Michigan Retirement System, Todd Asset Management LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Envestnet Asset Management Inc., Country Trust Bank, Handelsbanken Fonder AB, and Symons Capital Management Inc..
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Shares of BIIB 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 BIIB stock can currently be purchased for approximately $273.76.

Biogen has a market capitalization of $41.22 billion and generates $14.38 billion in revenue each year. The biotechnology company earns $5.89 billion in net income (profit) each year or $33.57 on an earnings per share basis.

Biogen employs 9,100 workers across the globe.

The following companies are subsidiares of Biogen: AliveGen, Biogen (Argentina) SRL, Biogen (Czech Republic) s.r.o., Biogen (Denmark) A/S, Biogen (Denmark) Manufacturing ApS, Biogen (Denmark) New Manufacturing ApS, Biogen (RTP) Realty LLC, Biogen (Singapore) Pte Ltd, Biogen Australia PTY Ltd, Biogen Austria GmbH, Biogen B.V., Biogen Belgium N.V./S.A., Biogen Biotechnology (Shanghai) Co. Ltd., Biogen Brasil Produtos Farmaceuticos LTDA, Biogen Canada Inc., Biogen Chesapeake LLC, Biogen Chile Spa, Biogen Colombia S.A.S., Biogen Finland OY, Biogen Foundation Inc., Biogen France S.A.S., Biogen GmbH, Biogen Holding APS, Biogen Holding I LLC, Biogen Holding II LLC, Biogen Hungary KFT, Biogen Idec (Ireland) Ltd., Biogen Idec Biotech India Pvt. Ltd., Biogen Idec Hong Kong Limited, Biogen Idec Ltd., Biogen Idec Research Ltd., Biogen Idec Uruguay SA, Biogen International GmbH, Biogen International Holding Limited, Biogen International Neuroscience GmbH, Biogen Italia SRL, Biogen Japan Ltd., Biogen Korea, Biogen Luxembourg Holding SARL, Biogen MA Inc., Biogen Management Services GmbH, Biogen Manufacturing Holding LLC, Biogen Mexico S. DE R.L. DE C.V., Biogen Mexico Servicios S. DE R.L. DE C.V., Biogen NZ Biopharma Ltd., Biogen Netherlands B.V., Biogen New Ventures Inc., Biogen Norway AS, Biogen Pharma farmacevtska in biotehnoloska druzba d.o.o, Biogen Poland Sp. z.o.o, Biogen Portugal Sociedade Farmaceutica Unipessoal Lda., Biogen Realty Corporation, Biogen Realty Limited Partnership, Biogen SRO Inc., Biogen Slovakia s.r.o., Biogen Spain S.L., Biogen Sweden AB, Biogen Swiss Investments GmbH, Biogen Swiss Manufacturing GmbH, Biogen Switzerland AG, Biogen Switzerland Holdings GmbH, Biogen Taiwan Limited, Biogen Therapeutics Inc., Biogen U.S. Corporation, Biogen U.S. Limited Partnership, Biogen U.S. Pacific LLC, Biogen U.S. West Corporation, Conforma Therapeutics, Conforma Therapeutics Corporation, Convergence Pharmaceuticals, Convergence Pharmaceuticals Holdings Ltd., Convergence Pharmaceuticals Ltd., Eidetica Biopharma GmbH, Fumapharm, Karyopharm Therapeutics, Nightstar Europa Limited, Nightstar Inc., Nightstar Limited, Nightstar Therapeutics, Nightstar Therapeutics Limited, Old Convergence Pharmaceuticals Ltd., Panion Ltd., Remedy Pharmaceuticals, Silver Acquisition Co. Ltd., Stromedix, Stromedix Inc., Syntonix Pharmaceuticals, Tungsten Bidco Limited, and Tysabri.

Biogen was founded in 1978.

The official website for Biogen is www.biogen.com.

Biogen is headquartered at 225 BINNEY STREET, CAMBRIDGE MA, 02142.

Biogen's mailing address is 225 BINNEY STREET, CAMBRIDGE MA, 02142. The biotechnology company can be reached via phone at 617-679-2000 or via email at [email protected]