Alexion Pharmaceuticals Inc. (ALXN) Upgraded to “Overweight” by Barclays PLC
Barclays PLC upgraded shares of Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) from an equal weight rating to an overweight rating in a report published on Tuesday. They currently have $155.00 target price on the biopharmaceutical company’s stock, up from their prior target price of $150.00.
Other equities analysts also recently issued reports about the stock. Piper Jaffray Cos. set a $176.00 price objective on shares of Alexion Pharmaceuticals and gave the company a buy rating in a report on Sunday, November 6th. Vetr downgraded shares of Alexion Pharmaceuticals from a strong-buy rating to a buy rating and set a $150.62 price objective on the stock. in a report on Wednesday, August 3rd. Jefferies Group reaffirmed a hold rating on shares of Alexion Pharmaceuticals in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a buy rating and set a $165.00 price objective on shares of Alexion Pharmaceuticals in a report on Monday, November 7th. Finally, Wedbush increased their price objective on shares of Alexion Pharmaceuticals from $132.00 to $135.00 and gave the company a neutral rating in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $173.59.
Alexion Pharmaceuticals (NASDAQ:ALXN) opened at 125.59 on Tuesday. The stock has a market capitalization of $28.15 billion, a PE ratio of 76.58 and a beta of 1.45. The company’s 50 day moving average is $122.56 and its 200-day moving average is $128.72. Alexion Pharmaceuticals has a 1-year low of $110.56 and a 1-year high of $193.45.
Alexion Pharmaceuticals (NASDAQ:ALXN) last announced its quarterly earnings results on Thursday, October 27th. The biopharmaceutical company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.19. Alexion Pharmaceuticals had a net margin of 12.46% and a return on equity of 10.58%. The firm had revenue of $799 million for the quarter, compared to the consensus estimate of $787.07 million. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts forecast that Alexion Pharmaceuticals will post $4.64 earnings per share for the current fiscal year.
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In related news, EVP Julie O’neill sold 650 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $126.29, for a total value of $82,088.50. Following the sale, the executive vice president now directly owns 35,384 shares in the company, valued at approximately $4,468,645.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leonard Bell sold 37,317 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $140.38, for a total transaction of $5,238,560.46. Following the completion of the sale, the director now owns 440,936 shares in the company, valued at $61,898,595.68. The disclosure for this sale can be found here. 4.41% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in Alexion Pharmaceuticals by 27.5% in the third quarter. D.A. Davidson & CO. now owns 1,578 shares of the biopharmaceutical company’s stock valued at $191,000 after buying an additional 340 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Alexion Pharmaceuticals during the third quarter valued at approximately $5,475,000. LPL Financial LLC raised its stake in Alexion Pharmaceuticals by 75.2% in the third quarter. LPL Financial LLC now owns 24,556 shares of the biopharmaceutical company’s stock valued at $3,030,000 after buying an additional 10,540 shares in the last quarter. Credit Suisse AG raised its stake in Alexion Pharmaceuticals by 3.1% in the third quarter. Credit Suisse AG now owns 596,567 shares of the biopharmaceutical company’s stock valued at $73,102,000 after buying an additional 17,715 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Alexion Pharmaceuticals by 12.0% in the third quarter. Ameritas Investment Partners Inc. now owns 9,388 shares of the biopharmaceutical company’s stock valued at $1,150,000 after buying an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.
Alexion Pharmaceuticals Company Profile
Alexion Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of life-transforming therapeutic products. The Company operates through innovation, development and commercialization of life-transforming therapeutic products segment. The Company’s marketed products include Soliris (eculizumab), Strensiq (asfotase alfa) and Kanuma (sebelipase alfa).
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