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NASDAQ:BIIB

Biogen - BIIB Stock Forecast, Price & News

$215.18
-2.38 (-1.09%)
(As of 08/9/2022 10:28 AM ET)
Add
Compare
Today's Range
$214.93
$218.25
50-Day Range
$191.53
$220.26
52-Week Range
$187.16
$351.86
Volume
4,623 shs
Average Volume
936,355 shs
Market Capitalization
$31.22 billion
P/E Ratio
15.35
Dividend Yield
N/A
Price Target
$252.44

Biogen MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
17.0% Upside
$252.44 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.56
Upright™ Environmental Score
News Sentiment
0.18mentions of Biogen in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.79%
From $16.36 to $16.23 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Medical Sector

88th out of 1,098 stocks

Biological Products, Except Diagnostic Industry

12th out of 174 stocks

BIIB stock logo

About Biogen (NASDAQ:BIIB) Stock

Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases. The company offers TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; and FUMADERM to treat plaque psoriasis. It also provides BENEPALI, an etanercept biosimilar referencing ENBREL; ADUHELM for the treatment of Alzheimer's disease; IMRALDI, an adalimumab biosimilar referencing HUMIRA; and FLIXABI, an infliximab biosimilar referencing REMICADE. In addition, the company offers RITUXAN for treating non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; and OCREVUS for treating relapsing MS and primary progressive MS; and other anti-CD20 therapies. Further, it develops BIIB135, BIIB061, BIIB091, and BIIB107 for MS and neuroimmunology; Aducanumab, Lecanemab, BIIB076, and BIIB080 to treat Alzheimer's disease and dementia; BIIB067, BIIB078, BIIB105, BIIB100, and BIIB110 to treat neuromuscular disorders; BIIB124, BIIB094, BIIB118, BIIB101, and BIIB122 for treating Parkinson's disease and movement disorders; BIIB125 and BIIB104 for treating neuropsychiatry; Dapirolizumab pegol and BIIB059 to treat immunology related diseases; BIIB093 and BIIB131 to treat acute neurology; BIIB074 for neuropathic pain; and BYOOVIZ, BIIB800, and SB15 biosimilars, which are under various stages of development. The company has collaboration and license agreements with Acorda Therapeutics, Inc.; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis Co., Ltd.; Sangamo Therapeutics, Inc.; and Sage Therapeutics, Inc. Biogen Inc. was founded in 1978 and is headquartered in Cambridge, Massachusetts.

Analyst Ratings Changes

Several research firms have weighed in on BIIB. Wells Fargo & Company raised Biogen from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $235.00 to $265.00 in a research report on Monday, April 18th. Truist Financial dropped their target price on Biogen from $320.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, July 21st. Barclays dropped their target price on Biogen from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Thursday, July 21st. Cowen dropped their target price on Biogen from $285.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, July 21st. Finally, UBS Group lowered their price objective on Biogen to $238.00 in a research report on Friday, July 22nd. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Biogen has a consensus rating of "Moderate Buy" and an average target price of $257.36.

Biogen Price Performance

Shares of NASDAQ:BIIB traded down $0.10 on Monday, hitting $218.10. The company had a trading volume of 28,868 shares, compared to its average volume of 1,202,480. The company has a current ratio of 1.94, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. Biogen has a 52-week low of $187.16 and a 52-week high of $351.86. The business has a 50 day moving average of $208.10 and a 200 day moving average of $209.06. The company has a market cap of $31.65 billion, a PE ratio of 15.56, a PEG ratio of 1.00 and a beta of 0.40.

Biogen (NASDAQ:BIIB - Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The biotechnology company reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.09 by $1.16. Biogen had a return on equity of 22.36% and a net margin of 19.36%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same period in the prior year, the business earned $5.68 earnings per share. The business's revenue was down 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Biogen will post 16.36 earnings per share for the current fiscal year.

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BIIB Stock News Headlines

Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Biogen (NASDAQ:BIIB) Stock Rating Reaffirmed by Robert W. Baird
StockNews.com Upgrades Biogen (NASDAQ:BIIB) to Strong-Buy
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing
The White House is scared of our country's lithium supply running out. That's why Biden issued executive order 14017 to figure out how to expand our lithium production. And this is GREAT news for one company who's gobbling up land in the lithium-rich Nevada desert.
UBS Group Trims Biogen (NASDAQ:BIIB) Target Price to $238.00
See More Headlines
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BIIB Company Calendar

Last Earnings
7/20/2022
Today
8/09/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:BIIB
CUSIP
09062X10
Employees
9,610
Year Founded
1978

Price Target and Rating

Average Stock Price Forecast
$252.44
High Stock Price Forecast
$400.00
Low Stock Price Forecast
$185.00
Forecasted Upside/Downside
+17.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
27 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
21.75%

Debt

Sales & Book Value

Annual Sales
$10.98 billion
Cash Flow
$26.80 per share
Book Value
$74.61 per share

Miscellaneous

Free Float
144,170,000
Market Cap
$31.22 billion
Optionable
Optionable
Beta
0.40

Social Links


Key Executives

  • Mr. Michel Vounatsos (Age 60)
    CEO & Director
    Comp: $3.11M
  • Mr. Michael R. McDonnell CPA (Age 58)
    Exec. VP & CFO
    Comp: $1.86M
  • Ms. Susan H. Alexander Esq. (Age 65)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.79M
  • Ms. Robin C. Kramer (Age 56)
    Sr. VP & Chief Accounting Officer
  • Ms. Nicole Murphy
    Head of Pharmaceutical Operations & Technology
  • Mr. Michael Hencke
    Head of Investor Relations
  • Ms. Natacha Gassenbach
    Chief Communication Officer & Head of Corp. Affairs
  • Dr. Ginger Gregory (Age 54)
    Exec. VP & Chief HR Officer
  • Dr. Anabella Villalobos Ph.D.
    Head of Biotherapeutics & Medicinal Sciences
  • Dr. Sanjay Jariwala
    Sr. VP of Worldwide Medical













BIIB Stock - Frequently Asked Questions

Should I buy or sell Biogen stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 13 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BIIB shares.
View BIIB analyst ratings
or view top-rated stocks.

What is Biogen's stock price forecast for 2022?

27 Wall Street research analysts have issued 12-month target prices for Biogen's shares. Their BIIB share price forecasts range from $185.00 to $400.00. On average, they predict the company's share price to reach $252.44 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for BIIB
or view top-rated stocks among Wall Street analysts.

How has Biogen's stock performed in 2022?

Biogen's stock was trading at $239.92 on January 1st, 2022. Since then, BIIB stock has decreased by 9.3% and is now trading at $217.56.
View the best growth stocks for 2022 here
.

Are investors shorting Biogen?

Biogen saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,090,000 shares, a decrease of 17.1% from the June 30th total of 2,520,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 1.9 days. Approximately 1.4% of the shares of the stock are sold short.
View Biogen's Short Interest
.

When is Biogen's next earnings date?

Biogen is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our BIIB earnings forecast
.

How were Biogen's earnings last quarter?

Biogen Inc. (NASDAQ:BIIB) posted its quarterly earnings data on Wednesday, July, 20th. The biotechnology company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.09 by $1.16. The biotechnology company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.48 billion. Biogen had a net margin of 19.36% and a trailing twelve-month return on equity of 22.36%. Biogen's quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.68 earnings per share.
Read the conference call transcript
.

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

Biogen issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $15.25-$16.75 for the period, compared to the consensus earnings per share estimate of $15.54. The company issued revenue guidance of $9.90 billion-$10.10 billion, compared to the consensus revenue estimate of $9.84 billion.

What is Michel Vounatsos' approval rating as Biogen's CEO?

394 employees have rated Biogen Chief Executive Officer Michel Vounatsos on Glassdoor.com. Michel Vounatsos has an approval rating of 86% among the company's employees. 72.0% of employees surveyed would recommend working at Biogen to a friend.

What other stocks do shareholders of Biogen own?

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), Walt Disney (DIS), Intel (INTC), Micron Technology (MU) and Boeing (BA).

What is Biogen's stock symbol?

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

Who are Biogen's major shareholders?

Biogen's stock is owned by many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Assenagon Asset Management S.A. (0.44%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (0.24%), Envestnet Asset Management Inc. (0.21%) and Retirement Systems of Alabama (0.18%). Insiders that own company stock include Alfred Sandrock, Brian S Posner, Michel Vounatsos and Stephen A Sherwin.
View institutional ownership trends
.

How do I buy shares of Biogen?

Shares of BIIB 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 Biogen's stock price today?

One share of BIIB stock can currently be purchased for approximately $217.56.

How much money does Biogen make?

Biogen (NASDAQ:BIIB) has a market capitalization of $31.57 billion and generates $10.98 billion in revenue each year. The biotechnology company earns $1.56 billion in net income (profit) each year or $14.02 on an earnings per share basis.

How many employees does Biogen have?

Biogen employs 9,610 workers across the globe.

Does Biogen have any subsidiaries?

The following companies are subsidiares of Biogen: BIIB Colombia S.A.S., Biogen (Argentina) SRL, Biogen (Bermuda) Technologies Ltd., Biogen (Czech Republic) s.r.o., Biogen (Denmark) A/S, Biogen (RTP) Realty LLC, 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 Digital Health Inc., Biogen Estonia OU, Biogen Finland OY, Biogen Foundation Inc., Biogen France S.A.S., Biogen GmbH, Biogen Holding I LLC, Biogen Holding II LLC, Biogen Hong Kong Limited, Biogen Hungary KFT, Biogen Idec (Ireland) Ltd., Biogen Idec Biotech India Pvt. Ltd., Biogen Idec Limited, Biogen Idec Research Ltd., Biogen Idec Uruguay SA, Biogen International GmbH, Biogen International Holding Limited, Biogen International Neuroscience GmbH, Biogen Italia S.R.L., Biogen Japan Ltd., Biogen Korea LLC, Biogen Latvia SIA, Biogen Lithuania UAB, Biogen Luxembourg Holding S.a.r.l., Biogen MA Inc., Biogen Management Services GmbH, Biogen Manufacturing Holding LLC, Biogen Mexico S. DE R.L. DE C.V., Biogen NZ Biopharma Ltd., Biogen Netherlands B.V., Biogen New Ventures Inc., Biogen Norway AS, Biogen Pharma d.o.o., 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 Turkey Ilac Ticaret Limited Sirketi, 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 Limited, Eidetica Biopharma GmbH, Fumapharm, IDEC Pharmaceuticals Corporation, NightstaRx Limited, Nightstar Europa Limited, Nightstar Inc., Nightstar Therapeutics Limited, Nightstar Therapeutics plc, Old Convergence Pharmaceuticals Limited, Panima Pharmaceuticals AG, Silver Acquisition Co. Ltd., Stromedix Inc., Stromedix Inc., Syntonix Pharmaceuticals Inc., TYSABRI, and Tungsten Bidco Limited.
Read More

When was Biogen founded?

Biogen was founded in 1978.

How can I contact Biogen?

Biogen's mailing address is 225 BINNEY STREET, CAMBRIDGE MA, 02142. The official website for the company is www.biogen.com. The biotechnology company can be reached via phone at (617) 679-2000, via email at ir@biogen.com, or via fax at 617-679-2617.

This page (NASDAQ:BIIB) was last updated on 8/9/2022 by MarketBeat.com Staff

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