NASDAQ:BIIBBiogen Stock Price, Forecast & News

Biogen's stock was trading at $294.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BIIB shares have decreased by 5.3% and is now trading at $278.70. View which stocks have been most impacted by Coronavirus.

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 5 sell ratings, 17 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Biogen.

Biogen is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Biogen.

Biogen Inc (NASDAQ:BIIB) announced its quarterly earnings data on Wednesday, April, 22nd. The biotechnology company reported $9.14 earnings per share for the quarter, beating the Zacks' consensus estimate of $7.73 by $1.41. The biotechnology company earned $3.53 billion during the quarter, compared to the consensus estimate of $3.41 billion. Biogen had a return on equity of 49.22% and a net margin of 40.76%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.98 EPS. View Biogen's earnings history.

Biogen announced that its Board of Directors has approved a stock buyback plan on Monday, December 23rd 2019, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

31 analysts have issued 12-month price targets for Biogen's stock. Their forecasts range from $228.00 to $410.00. On average, they anticipate Biogen's stock price to reach $309.63 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View analysts' price targets for Biogen.

Media coverage about BIIB stock has trended neutral recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Biogen earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave media stories about the biotechnology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Biogen.

Some companies that are related to Biogen include Amgen (AMGN), Gilead Sciences (GILD), Celgene (CELG), Vertex Pharmaceuticals (VRTX), Regeneron Pharmaceuticals (REGN), Seattle Genetics (SGEN), Alexion Pharmaceuticals (ALXN), Incyte (INCY), BioMarin Pharmaceutical (BMRN), Alnylam Pharmaceuticals (ALNY), EXACT Sciences (EXAS), Neurocrine Biosciences (NBIX), Immunomedics (IMMU), Ionis Pharmaceuticals (IONS) and Exelixis (EXEL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Biogen investors own include Gilead Sciences (GILD), NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Amgen (AMGN), Walt Disney (DIS), Celgene (CELG), Micron Technology (MU) and Intel (INTC).

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

Biogen's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.11%), DNB Asset Management AS (0.09%), Hexavest Inc. (0.04%), State of Alaska Department of Revenue (0.04%), Cullinan Associates Inc. (0.01%) and Livforsakringsbolaget Skandia Omsesidigt (0.01%). Company insiders that own Biogen stock include Alexander J Denner, Brian S Posner, Michael D Ehlers, Michel Vounatsos, Robert W Pangia 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 Thomasville National Bank, Hexavest Inc., Municipal Employees Retirement System of Michigan, Richard P Slaughter Associates Inc, Triangle Securities Wealth Management, IBM Retirement Fund, and Cottage Street Advisors LLC. Company insiders that have sold Biogen company stock in the last year include Brian S Posner, and Stephen A Sherwin. View insider buying and selling activity for Biogen.

BIIB stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Cullinan Associates Inc., Patton Fund Management Inc., 6 Meridian, DNB Asset Management AS, Polianta Ltd, and Livforsakringsbolaget Skandia Omsesidigt. Company insiders that have bought Biogen stock in the last two years include Alexander J Denner, and Michel Vounatsos. View insider buying and selling activity for Biogen.

Shares of BIIB 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.

One share of BIIB stock can currently be purchased for approximately $278.70.

Biogen has a market capitalization of $45.48 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 7,400 workers across the globe.

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

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]