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NASDAQ:BIIBBiogen Stock Price, Forecast & News

$289.45
+0.91 (+0.32 %)
(As of 08/14/2020 04:00 PM ET)
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Compare
Today's Range
$287.79
Now: $289.45▼
$290.55
50-Day Range
$258.66
MA: $277.54▼
$305.71
52-Week Range
$215.77
Now: $289.45▼
$374.99
Volume619,224 shs
Average Volume1.82 million shs
Market Capitalization$45.82 billion
P/E Ratio8.48
Dividend YieldN/A
Beta0.56
Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. The company offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for the treatment of multiple sclerosis (MS); SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of plaque psoriasis. It also provides BENEPALI, an etanercept biosimilar referencing ENBREL; FLIXABI, an infliximab biosimilar referencing REMICADE; and IMRALDI, an adalimumab biosimilar referencing HUMIRA. In addition, the company offers RITUXAN for the treatment of 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 the treatment of primary progressive MS and relapsing MS, and other anti-CD20 therapies. Further, it is involved in developing BIIB098, Opicinumab, and BIIB061 for MS and neuroimmunology; Aducanumab, Elenbecestat, BAN2401, BIIB092, BIIB076, and BIIB080 to treat Alzheimer's disease and dementia; BIIB092 and BIIB054 for treating Parkinson's disease and movement disorders; BIIB067, BIIB078, and BIIB110 to treat neuromuscular disorders; BIIB093, TMS-007, and Natalizumab to treat acute neurology; BIIB104 for treating neurocognitive disorders; BIIB074 and BIIB095 for pain; and Dapirolzumab pegol, BG00011, and BIIB059 for treating other diseases, which are under various stages of development. The company offers products through its sales force and marketing groups. Biogen Inc. has collaboration agreements with Genentech, Inc., Eisai Co., Ltd., Alkermes Pharma Ireland Limited, Bristol-Myers Squibb Company, Acorda Therapeutics, Inc., AbbVie Inc., C4 Therapeutics, University of Pennsylvania, Applied Genetic Technologies Corporation, and others. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
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Biogen logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.1Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.72 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Biological products, except diagnostic
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:BIIB
Previous Symbol
CUSIP09062X10
CIK875045
Webwww.biogen.com
Phone617-679-2000

Debt

Debt-to-Equity Ratio0.69
Current Ratio2.46
Quick Ratio2.19

Price-To-Earnings

Trailing P/E Ratio8.48
Forward P/E Ratio8.15
P/E Growth0.85

Sales & Book Value

Annual Sales$14.38 billion
Price / Sales3.19
Cash Flow$37.25 per share
Price / Cash Flow7.77
Book Value$71.31 per share
Price / Book4.06

Profitability

EPS (Most Recent Fiscal Year)$33.57
Net Income$5.89 billion
Net Margins40.91%
Return on Equity50.10%
Return on Assets24.10%

Miscellaneous

Employees7,400
Outstanding Shares158,313,000
Market Cap$45.82 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$289.45
+0.91 (+0.32 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Biogen (NASDAQ:BIIB) Frequently Asked Questions

How has Biogen's stock been impacted by Coronavirus?

Biogen's stock was trading at $294.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BIIB shares have decreased by 1.6% and is now trading at $289.45.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Biogen?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Biogen in the last year. There are currently 4 sell ratings, 16 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Biogen.

When is Biogen's next earnings date?

Biogen is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Biogen.

How were Biogen's earnings last quarter?

Biogen Inc (NASDAQ:BIIB) announced its earnings results on Wednesday, July, 22nd. The biotechnology company reported $10.26 earnings per share for the quarter, topping the consensus estimate of $8.03 by $2.23. The biotechnology company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.44 billion. Biogen had a return on equity of 50.10% and a net margin of 40.91%. During the same period in the previous year, the business posted $9.15 earnings per share.
View Biogen's earnings history.

How will Biogen's stock buyback program work?

Biogen declared that its board has authorized a stock repurchase plan 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

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

Biogen issued an update on its FY20 earnings guidance on Wednesday, July, 22nd. The company provided earnings per share guidance of $34.00-36.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $31.98. The company issued revenue guidance of $13.8-14.2 billion, compared to the consensus revenue estimate of $13.90 billion.

What price target have analysts set for BIIB?

31 equities research analysts have issued twelve-month price targets for Biogen's stock. Their forecasts range from $228.00 to $410.00. On average, they expect Biogen's share price to reach $312.79 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts' price targets for Biogen.

Has Biogen been receiving favorable news coverage?

Media stories about BIIB stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring 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 daily sentiment score of -1.3 on InfoTrie's scale. They also assigned media stories about the biotechnology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Biogen.

Are investors shorting Biogen?

Biogen saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,260,000 shares, a decline of 29.9% from the June 15th total of 4,650,000 shares. Based on an average trading volume of 1,790,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the company's stock are sold short.
View Biogen's Short Interest.

Who are some of Biogen's key competitors?

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), BioMarin Pharmaceutical (BMRN), Incyte (INCY), Alnylam Pharmaceuticals (ALNY), EXACT Sciences (EXAS), Neurocrine Biosciences (NBIX), Immunomedics (IMMU), Novavax (NVAX) and Repligen (RGEN).
View all competitors.

What other stocks do shareholders of Biogen own?

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

Who are Biogen's key executives?

Biogen's management team includes the following people:
  • Mr. Michel Vounatsos, CEO & Director (Age 57)
  • Mr. Jeffrey D. Capello, Exec. VP & CFO (Age 54)
  • Ms. Susan H. Alexander, Exec. VP, Chief Legal Officer & Sec. (Age 62)
  • Dr. Michael D. Ehlers, Exec. VP and Head of R&D (Age 50)
  • Dr. Paul F. McKenzie, Exec. VP of Pharmaceutical Operations & Technology (Age 53)

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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.22%), Vanguard Group Inc. (8.13%), Bank of New York Mellon Corp (1.46%), Goldman Sachs Group Inc. (0.84%), FMR LLC (0.72%) and Nordea Investment Management AB (0.69%). 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.

Which major investors are selling Biogen stock?

BIIB stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., FMR LLC, Banco Santander S.A., Ikarian Capital LLC, Toronto Dominion Bank, Marshall Wace North America L.P., and MUFG Securities EMEA plc. 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.

Which major investors are buying Biogen stock?

BIIB stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, AJO LP, Orbimed Advisors LLC, Assetmark Inc., Assenagon Asset Management S.A., PGGM Investments, Robeco Institutional Asset Management B.V., and SG Americas Securities 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 activity for Biogen.

How do I buy shares of 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.

What is Biogen's stock price today?

One share of BIIB stock can currently be purchased for approximately $289.45.

How big of a company is Biogen?

Biogen has a market capitalization of $45.82 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.

What is Biogen's official website?

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

How can I contact Biogen?

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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff
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