BioMarin Pharmaceutical - BMRN Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BioMarin Pharmaceutical in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BMRN shares.
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15 Wall Street analysts have issued 12-month price objectives for BioMarin Pharmaceutical's stock. Their BMRN share price forecasts range from $83.00 to $200.00. On average, they predict the company's share price to reach $119.39 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
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BioMarin Pharmaceutical's stock was trading at $103.49 at the start of the year. Since then, BMRN shares have increased by 11.5% and is now trading at $115.35.
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BioMarin Pharmaceutical saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 6,700,000 shares, a drop of 35.3% from the December 31st total of 10,360,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) released its quarterly earnings data on Tuesday, October, 26th. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $0.05. The biotechnology company earned $408.74 million during the quarter, compared to the consensus estimate of $435.29 million. BioMarin Pharmaceutical had a trailing twelve-month return on equity of 2.50% and a net margin of 4.18%. The firm's revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS.

BioMarin Pharmaceutical issued an update on its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.06 billion-$2.16 billion, compared to the consensus revenue estimate of $2.12 billion.

228 employees have rated BioMarin Pharmaceutical Chief Executive Officer Jean-Jacques Bienaimé on Glassdoor.com. Jean-Jacques Bienaimé has an approval rating of 94% among the company's employees. This puts Jean-Jacques Bienaimé in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 83.0% of employees surveyed would recommend working at BioMarin Pharmaceutical to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other BioMarin Pharmaceutical investors own include Puma Biotechnology (PBYI), (MDVN) (MDVN), Incyte (INCY), First Solar (FSLR), United Airlines (UAL), Dynavax Technologies (DVAX), Micron Technology (MU), Vertex Pharmaceuticals (VRTX), (KITE) (KITE) and Freeport-McMoRan (FCX).

BioMarin Pharmaceutical trades on the NASDAQ under the ticker symbol "BMRN."

BioMarin Pharmaceutical's stock is owned by a variety of retail and institutional investors. Top institutional investors include Parnassus Investments LLC (1.26%), Fort Washington Investment Advisors Inc. OH (0.62%), Manning & Napier Group LLC (0.47%), Assenagon Asset Management S.A. (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.32%) and Scout Investments Inc. (0.30%). Insiders that own company stock include Brian Mueller, Charles Greg Guyer, David E I Pyott, Dennis Slamon, George Eric Davis, Henry J Fuchs, Jean Jacques Bienaime, Jeffrey Robert Ajer, Mark J Alles, Michael G Grey, Richard A Meier, V Bryan Lawlis and Willard H Dere.
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Shares of BMRN 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.
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One share of BMRN stock can currently be purchased for approximately $115.35.

BioMarin Pharmaceutical (NASDAQ:BMRN) has a market capitalization of $21.39 billion and generates $1.85 billion in revenue each year. The biotechnology company earns $-64,080,000.00 in net income (profit) each year or $0.42 on an earnings per share basis.

The company employs 3,045 workers across the globe.

BioMarin Pharmaceutical's mailing address is 770 Lindaro Street, San Rafael CA, 94901. The official website for the company is www.bmrn.com. The biotechnology company can be reached via phone at (415) 506-6700, via email at ir@bmrn.com, or via fax at 415-382-7889.