NASDAQ:BIIB - Biogen Stock Price, Forecast & News

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

Biogen declared that its board has authorized a share buyback program on Monday, December 23rd 2019, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Biogen Inc (NASDAQ:BIIB) issued its quarterly earnings results on Tuesday, October, 22nd. The biotechnology company reported $9.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $8.27 by $0.90. The biotechnology company earned $3.60 billion during the quarter, compared to the consensus estimate of $3.53 billion. Biogen had a return on equity of 46.14% and a net margin of 37.91%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $7.40 earnings per share. View Biogen's Earnings History.

Biogen is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Biogen.

Biogen will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

34 analysts have issued twelve-month price objectives for Biogen's shares. Their forecasts range from $230.00 to $365.00. On average, they expect Biogen's stock price to reach $288.72 in the next year. This suggests a possible upside of 3.8% from the stock's current price. 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, 21 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Biogen.

Press coverage about BIIB stock has trended somewhat positive on Friday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Biogen earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Biogen.

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 Boeing (BA).

Biogen's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.26%), Candriam Luxembourg S.C.A. (0.22%), New York State Teachers Retirement System (0.17%), Tocqueville Asset Management L.P. (0.08%), Wedge Capital Management L L P NC (0.07%) and DNB Asset Management AS (0.06%). 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 Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, State of Michigan Retirement System, Candriam Luxembourg S.C.A., Artemis Investment Management LLP, Gateway Investment Advisers LLC, Wedge Capital Management L L P NC and Country Trust Bank. 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 DNB Asset Management AS, Rhenman & Partners Asset Management AB, Alpine Global Management LLC, Abner Herrman & Brock LLC, Ballentine Partners LLC, Wealthfront Advisers LLC, Baxter Bros Inc. and FormulaFolio Investments LLC. 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 $278.14.

Biogen has a market capitalization of $50.19 billion and generates $13.45 billion in revenue each year. The biotechnology company earns $4.43 billion in net income (profit) each year or $26.20 on an earnings per share basis. Biogen employs 7,800 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]