Alnylam Pharmaceuticals Inc. (ALNY) PT Set at $58.00 by Jefferies Group
Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) has been assigned a $58.00 target price by stock analysts at Jefferies Group in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. Jefferies Group’s price target suggests a potential upside of 21.14% from the company’s previous close.
ALNY has been the topic of several other reports. Janney Montgomery Scott initiated coverage on Alnylam Pharmaceuticals in a research report on Wednesday, September 28th. They issued a “neutral” rating and a $74.00 price target on the stock. Zacks Investment Research upgraded Alnylam Pharmaceuticals from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, October 25th. Credit Suisse Group AG set a $145.00 price target on Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, September 30th. FBR & Co reiterated a “buy” rating on shares of Alnylam Pharmaceuticals in a report on Thursday, September 8th. Finally, Piper Jaffray Cos. set a $106.00 target price on Alnylam Pharmaceuticals and gave the stock a “buy” rating in a report on Thursday, October 6th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Alnylam Pharmaceuticals has an average rating of “Buy” and an average price target of $68.63.
Alnylam Pharmaceuticals (NASDAQ:ALNY) opened at 47.88 on Thursday. The firm has a 50-day moving average price of $39.69 and a 200 day moving average price of $59.81. Alnylam Pharmaceuticals has a 12 month low of $31.38 and a 12 month high of $109.10. The firm’s market capitalization is $4.11 billion.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last posted its quarterly earnings results on Wednesday, November 2nd. The biopharmaceutical company reported ($1.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.14) by $0.07. Alnylam Pharmaceuticals had a negative return on equity of 33.97% and a negative net margin of 1,041.16%. The company earned $13.70 million during the quarter, compared to the consensus estimate of $9.14 million. During the same quarter in the prior year, the business earned ($0.91) earnings per share. The firm’s revenue for the quarter was up 116.7% on a year-over-year basis. On average, equities analysts forecast that Alnylam Pharmaceuticals will post ($4.81) EPS for the current year.
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In other Alnylam Pharmaceuticals news, Director David E. I. Pyott acquired 27,900 shares of the company’s stock in a transaction on Thursday, October 13th. The shares were purchased at an average price of $37.00 per share, for a total transaction of $1,032,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Calvert Investment Management Inc. raised its stake in Alnylam Pharmaceuticals by 0.8% in the second quarter. Calvert Investment Management Inc. now owns 4,313 shares of the biopharmaceutical company’s stock valued at $239,000 after buying an additional 36 shares in the last quarter. CIBC Asset Management Inc raised its stake in Alnylam Pharmaceuticals by 1.1% in the second quarter. CIBC Asset Management Inc now owns 4,119 shares of the biopharmaceutical company’s stock valued at $229,000 after buying an additional 46 shares in the last quarter. IBM Retirement Fund raised its stake in Alnylam Pharmaceuticals by 1.0% in the second quarter. IBM Retirement Fund now owns 7,559 shares of the biopharmaceutical company’s stock valued at $419,000 after buying an additional 76 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Alnylam Pharmaceuticals by 4.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 1,974 shares of the biopharmaceutical company’s stock valued at $134,000 after buying an additional 87 shares in the last quarter. Finally, Fayerweather Charles raised its stake in Alnylam Pharmaceuticals by 3.5% in the second quarter. Fayerweather Charles now owns 4,165 shares of the biopharmaceutical company’s stock valued at $231,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in developing therapeutics based on ribonucleic acid (RNA) interference (RNAi). It is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate strategy for delivery of small interfering RNAs (siRNAs). Its pipeline of investigational RNAi therapeutics focuses in three Strategic Therapeutic Areas (STArs): Genetic Medicines; Cardio-Metabolic Disease, and Hepatic Infectious Disease.
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