Stocks of Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) traded higher last session on Wall Street, down -3.70% to $745.20.
According to the data, Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) has 27 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $1011.00 and a low of $605.00, we find $854.50. Given the previous closing price of $773.85, this indicates a potential upside of 10.42 percent. REGN stock price is now 0.48% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $80.38B.
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A total of 8 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $841.68 as their price target over the next twelve months.
With the price target enhanced from $775 to $875, Cowen Upgraded its rating from Market Perform to Outperform for Regeneron Pharmaceuticals Inc. (NASDAQ: REGN). On January 20, 2023, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $850, while ‘Raymond James’ rates the stock as ‘Underperform’.
In other news, McCourt Marion, EVP Commercial sold 1,100 shares of the company’s stock on Mar 01. The stock was sold for $835,879 at an average price of $759.89. Upon completion of the transaction, the EVP Commercial now directly owns 20,803 shares in the company, valued at $15.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Director RYAN ARTHUR F sold 100 shares of the business’s stock. A total of $76,250 was realized by selling the stock at an average price of $762.50. This leaves the insider owning 19,147 shares of the company worth $14.27 million. Insiders disposed of 583,537 shares of company stock worth roughly $434.85 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in REGN stock. A new stake in Regeneron Pharmaceuticals Inc. shares was purchased by ARDEVORA ASSET MANAGEMENT LLP during the first quarter worth $68,658,000. ALYESKA INVESTMENT GROUP, L.P. invested $54,373,000 in shares of REGN during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Regeneron Pharmaceuticals Inc. valued at approximately $53,786,000. HARVEST PORTFOLIOS GROUP INC. acquired a new stake in REGN for approximately $44,312,000. CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. purchased a new stake in REGN valued at around $30,792,000 in the second quarter. In total, there are 1,641 active investors with 89.50% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $774.13 for Regeneron Pharmaceuticals Inc. (NASDAQ: REGN). During the past 12 months, Regeneron Pharmaceuticals Inc. has had a low of $538.01 and a high of $800.48. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 5.10, and a quick ratio of 4.30. The fifty day moving average price for REGN is $741.90 and a two-hundred day moving average price translates $687.51 for the stock.
The latest earnings results from Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) was released for Dec, 2022. According to the Biotechnology Company, earnings per share came in at $12.56, beating analysts’ expectations of $10.03 by 2.53. This compares to $19.58 EPS in the same period last year. The net profit margin was 35.60% and return on equity was 20.50% for REGN. The company reported revenue of $3.41 billion for the quarter, compared to $4.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.05 percent. For the current quarter, analysts expect REGN to generate $3B in revenue.
Regeneron Pharmaceuticals Inc.(REGN) Company Profile
Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide. The company’s products include EYLEA injection to treat neovascular age-related macular degeneration and diabetic macular edema; myopic choroidal neovascularization; diabetic retinopathy; neovascular glaucoma; and retinopathy of prematurity. It also provides Dupixent injection to treat atopic dermatitis and asthma in adults and pediatrics; Libtayo injection to treat metastatic or locally advanced cutaneous squamous cell carcinoma; Praluent injection for heterozygous familial hypercholesterolemia or clinical atherosclerotic cardiovascular disease in adults; REGEN-COV for covid-19; and Kevzara solution for treating rheumatoid arthritis in adults. In addition, the company offers Inmazeb injection for infection caused by Zaire ebolavirus; ARCALYST injection for cryopyrin-associated periodic syndromes, including familial cold auto-inflammatory syndrome and muckle-wells syndrome; and ZALTRAP injection for intravenous infusion to treat metastatic colorectal cancer; and develops product candidates for treating patients with eye, allergic and inflammatory, cardiovascular and metabolic, infectious, and rare diseases; and cancer, pain, and hematologic conditions. It has collaboration and license agreements with Sanofi; Bayer; Teva Pharmaceutical Industries Ltd.; Mitsubishi Tanabe Pharma Corporation; Alnylam Pharmaceuticals, Inc.; Roche Pharmaceuticals; and Kiniksa Pharmaceuticals, Ltd., as well as has an agreement with the U.S. Department of Health and Human Services, as well as with Zai Lab Limited; Intellia Therapeutics, Inc.; Biomedical Advanced Research Development Authority; and AstraZeneca PLC. The company was incorporated in 1988 and is headquartered in Tarrytown, New York.
