NASDAQ:BIIB - Biogen Stock Price, Forecast & News

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

Biogen announced that its Board of Directors has authorized a stock buyback program on Monday, December 23rd 2019, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Biogen Inc (NASDAQ:BIIB) announced its earnings results on Thursday, January, 30th. The biotechnology company reported $8.34 EPS for the quarter, beating the Zacks' consensus estimate of $8.02 by $0.32. The biotechnology company earned $3.67 billion during the quarter, compared to analysts' expectations of $3.51 billion. Biogen had a net margin of 40.96% and a return on equity of 46.51%. Biogen's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.99 earnings per share. View Biogen's Earnings History.

Biogen is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Biogen.

Biogen issued an update on its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of $31.50-33.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $31.98. The company issued revenue guidance of ~$14.0-14.3 billion, compared to the consensus revenue estimate of $13.85 billion.

34 Wall Street analysts have issued 12-month price targets for Biogen's stock. Their forecasts range from $230.00 to $410.00. On average, they expect Biogen's stock price to reach $316.69 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View Analyst Price Targets for Biogen.

34 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 3 sell ratings, 20 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Biogen.

Media stories about BIIB stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Biogen earned a news impact score of 1.8 on InfoTrie's scale. They also assigned headlines about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Biogen.

Biogen saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,600,000 shares, a decrease of 16.9% from the January 15th total of 4,330,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.0% of the shares of the company are short sold. View Biogen's Current Options Chain.

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

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

Biogen's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (4.56%), Renaissance Technologies LLC (2.63%), AQR Capital Management LLC (1.51%), Bank of New York Mellon Corp (1.22%), FMR LLC (0.81%) and Boston Partners (0.78%). Company insiders that own Biogen stock include Alexander J Denner, Alfred Sandrock, Brian S Posner, Michael D Ehlers, Michel Vounatsos and Robert W Pangia. View Institutional Ownership Trends for Biogen.

BIIB stock was sold by a variety of institutional investors in the last quarter, including Jackson Square Partners LLC, AQR Capital Management LLC, FMR LLC, State Street Corp, Assenagon Asset Management S.A., Massachusetts Financial Services Co. MA, Bank of Montreal Can and Virginia Retirement Systems ET AL. Company insiders that have sold Biogen company stock in the last year include Brian S Posner and Robert W Pangia. View Insider Buying and Selling for Biogen.

BIIB stock was acquired by a variety of institutional investors in the last quarter, including Amundi Pioneer Asset Management Inc., Renaissance Technologies LLC, Los Angeles Capital Management & Equity Research Inc., Bank of New York Mellon Corp, Fred Alger Management LLC, First Trust Advisors LP, Samlyn Capital LLC and Marshall Wace North America L.P.. Company insiders that have bought Biogen stock in the last two years include Alexander J Denner and Michel Vounatsos. View Insider Buying and Selling 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 $333.00.

Biogen has a market capitalization of $57.96 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.View Additional Information About Biogen.

The official website for Biogen is http://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]