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NASDAQ:BIIB

Biogen (BIIB) Stock Price, News & Analysis

$211.17
-16.27 (-7.15%)
(As of 07/26/2024 ET)
Today's Range
$210.00
$217.53
50-Day Range
$211.17
$236.80
52-Week Range
$189.44
$278.95
Volume
2.26 million shs
Average Volume
1.13 million shs
Market Capitalization
$30.75 billion
P/E Ratio
26.36
Dividend Yield
N/A
Price Target
$286.00

Biogen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
35.4% Upside
$286.00 Price Target
Short Interest
Healthy
2.51% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.62
Upright™ Environmental Score
News Sentiment
0.13mentions of Biogen in the last 14 days
Based on 33 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.79%
From $15.61 to $17.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Medical Sector

41st out of 936 stocks

Biological Products, Except Diagnostic Industry

4th out of 154 stocks

BIIB stock logo

About Biogen Stock (NASDAQ:BIIB)

Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS. It 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; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin's lymphoma; and other anti-CD20 therapies. In addition, the company is developing various products for the treatment of MS, Alzheimer's disease and dementia, neuromuscular disorders, Parkinson's disease and movement disorders, neuropsychiatry, genetic neurodevelopmental disorders, and biosimilars, which are under various stages of development. It 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. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

BIIB Stock Price History

BIIB Stock News Headlines

The Biogen Inc
European committee says Alzheimer's treatment Leqembi shouldn't get marketing approval
Shares of Biogen slid Friday after a European regulatory committee said the Alzheimer’s treatment Leqembi should not receive marketing approval
EU regulator rejects Biogen, Eisai’s Alzheimer's drug
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LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Biogen (BIIB) Set to Announce Earnings on Thursday
Is Biogen (BIIB) an Underappreciated Stock?
Biogen Inc. stock rises Monday, still underperforms market
Piper Sandler Reaffirms Their Buy Rating on Biogen (BIIB)
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:BIIB
CUSIP
09062X10
Employees
7,570
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$286.00
High Stock Price Target
$373.00
Low Stock Price Target
$200.00
Potential Upside/Downside
+34.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
26 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
13.69%

Debt

Sales & Book Value

Annual Sales
$9.84 billion
Cash Flow
$17.36 per share
Book Value
$102.14 per share

Miscellaneous

Free Float
145,364,000
Market Cap
$31.01 billion
Optionable
Optionable
Beta
-0.04

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Key Executives

  • Mr. Christopher A. Viehbacher (Age 63)
    President, CEO & Director
    Comp: $4.07M
  • Mr. Michael R. McDonnell CPA (Age 60)
    Executive VP & CFO
    Comp: $2.21M
  • Ms. Susan H. Alexander Esq.Ms. Susan H. Alexander Esq. (Age 67)
    Executive VP & Chief Legal Officer
    Comp: $1.95M
  • Ms. Robin C. Kramer (Age 58)
    Senior VP & Chief Accounting Officer
  • Mr. Charles E. Triano
    Senior VP & Head of Investor Relations
  • Ms. Natacha Gassenbach
    Chief Communication Officer & Head of Corporate Affairs
  • Mr. Fraser Hall
    President & Head of Intercontinental Region
  • Dr. Wolfram Schmidt
    President & Head of Europe
  • Ms. Kendra Thomas
    Head of Global Workforce Diversity, Equity & Inclusion and People Relations

Should I Buy Biogen Stock? BIIB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Biogen Inc.:

  • Biogen Inc. has received a consensus rating of "Moderate Buy" from various brokerages, indicating positive sentiment from analysts.
  • Recent institutional trading activity shows increased holdings by various firms, suggesting confidence in the company's future performance.
  • Biogen's stock price has shown resilience, trading at $230.63 on the latest trading day, potentially indicating stability and growth potential.
  • Positive analyst ratings with price targets above the current stock price, such as Truist Financial's $340.00 target, suggest potential upside for investors.
  • Biogen's market cap of $33.58 billion and favorable P/E ratio of 28.79 may indicate a solid financial position and valuation.

Cons

Investors should be bearish about investing in Biogen Inc. for these reasons:

  • Some analysts have lowered their price targets for Biogen, like Mizuho reducing theirs to $277.00, which could signal concerns about future performance.
  • Barclays' "equal weight" rating and lowered price target to $200.00 may suggest a more cautious outlook on Biogen's stock.
  • Biogen's 1-year high of $312.76 compared to the current price of $230.63 could indicate potential downside risk in the short term.
  • UBS Group's price target reduction to $214.00 and "neutral" rating may reflect a more conservative stance on the stock's performance.
  • While the company has a "Moderate Buy" consensus rating, some analysts have issued hold ratings, indicating mixed opinions on Biogen's future prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Biogen pros and cons to contact@marketbeat.com.

BIIB Stock Analysis - Frequently Asked Questions

How have BIIB shares performed this year?

Biogen's stock was trading at $258.77 at the beginning of 2024. Since then, BIIB shares have decreased by 18.4% and is now trading at $211.17.
View the best growth stocks for 2024 here
.

How were Biogen's earnings last quarter?

Biogen Inc. (NASDAQ:BIIB) issued its quarterly earnings results on Wednesday, April, 24th. The biotechnology company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.45 by $0.22. Biogen's revenue for the quarter was down 7.0% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Biogen have any subsidiaries?

The following companies are subsidiaries of Biogen: Nightstar Therapeutics plc, Convergence Pharmaceuticals, TYSABRI, Stromedix Inc., Panima Pharmaceuticals AG, Syntonix Pharmaceuticals Inc., Fumapharm, and more.

Who are Biogen's major shareholders?

Biogen's top institutional shareholders include Bank of New York Mellon Corp (0.86%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Raymond James & Associates (0.13%) and Wedge Capital Management L L P NC (0.10%). Insiders that own company stock include Susan H Alexander, Eric K Rowinsky, Ginger Gregory and Priya Singhal.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Biogen own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Biogen investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Netflix (NFLX), Tesla (TSLA), Alibaba Group (BABA), Amgen (AMGN) and Walt Disney (DIS).

This page (NASDAQ:BIIB) was last updated on 7/26/2024 by MarketBeat.com Staff

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