NASDAQ:BIIB - Biogen Stock Price, Forecast & News

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

Biogen announced that its board has authorized a share repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Biogen Inc (NASDAQ:BIIB) announced its earnings results on Tuesday, October, 22nd. The biotechnology company reported $9.17 earnings per share for the quarter, topping the consensus estimate of $8.27 by $0.90. The biotechnology company earned $3.60 billion during the quarter, compared to analysts' expectations 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 last year, the firm 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 1-year target prices for Biogen's stock. Their forecasts range from $230.00 to $365.00. On average, they anticipate Biogen's stock price to reach $291.64 in the next twelve months. This suggests a possible upside of 3.5% 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, 20 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Biogen.

News coverage about BIIB stock has been trending somewhat negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Biogen earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect 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 institutional and retail 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., Virginia Retirement Systems ET AL, Commerzbank Aktiengesellschaft FI, State of Michigan Retirement System, Candriam Luxembourg S.C.A., Artemis Investment Management LLP, Gateway Investment Advisers LLC and Wedge Capital Management L L P NC. 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, Meritage Portfolio Management, Rhenman & Partners Asset Management AB, Alpine Global Management LLC, Abner Herrman & Brock LLC, Ballentine Partners LLC, Wealthfront Advisers LLC and Baxter Bros Inc.. 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 $281.78.

Biogen has a market capitalization of $50.84 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]