Amgen Inc. (NASDAQ:AMGN)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a report released on Friday. They currently have a $198.00 price objective on the medical research company’s stock. Mizuho’s target price suggests a potential upside of 6.55% from the stock’s previous close.

A number of other research analysts have also recently issued reports on AMGN. UBS AG reiterated a “neutral” rating and issued a $175.00 target price (up previously from $174.00) on shares of Amgen in a research report on Tuesday, June 13th. Credit Suisse Group reiterated a “neutral” rating and issued a $186.00 target price (up previously from $177.00) on shares of Amgen in a research report on Friday, September 29th. Morgan Stanley reiterated an “overweight” rating and issued a $196.00 target price (up previously from $189.00) on shares of Amgen in a research report on Friday. Cann restated a “buy” rating and set a $203.00 price target on shares of Amgen in a report on Friday. Finally, Jefferies Group LLC restated a “buy” rating and set a $195.00 price target on shares of Amgen in a report on Tuesday, July 11th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $189.99.

Amgen (NASDAQ AMGN) opened at 185.82 on Friday. Amgen has a 12 month low of $133.64 and a 12 month high of $191.10. The firm has a market cap of $135.59 billion, a P/E ratio of 16.93 and a beta of 1.36. The company’s 50-day moving average is $181.33 and its 200 day moving average is $170.23. Amgen also was the recipient of some unusual options trading on Thursday. Stock traders purchased 9,350 put options on the company. This represents an increase of approximately 239% compared to the average volume of 2,758 put options.

Amgen (NASDAQ:AMGN) last released its earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.16. Amgen had a return on equity of 29.85% and a net margin of 35.46%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the previous year, the business posted $2.84 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that Amgen will post $12.58 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. Beacon Financial Group lifted its stake in shares of Amgen by 9.4% in the third quarter. Beacon Financial Group now owns 46,553 shares of the medical research company’s stock worth $8,680,000 after acquiring an additional 3,990 shares during the period. Eqis Capital Management Inc. lifted its stake in Amgen by 5.8% in the third quarter. Eqis Capital Management Inc. now owns 32,335 shares of the medical research company’s stock valued at $6,029,000 after buying an additional 1,770 shares during the period. Curbstone Financial Management Corp lifted its stake in Amgen by 140.2% in the third quarter. Curbstone Financial Management Corp now owns 3,158 shares of the medical research company’s stock valued at $589,000 after buying an additional 1,843 shares during the period. Perpetual Ltd lifted its stake in Amgen by 4.3% in the second quarter. Perpetual Ltd now owns 7,354 shares of the medical research company’s stock valued at $1,267,000 after buying an additional 300 shares during the period. Finally, Bogart Wealth LLC lifted its stake in Amgen by 13.8% in the second quarter. Bogart Wealth LLC now owns 3,181 shares of the medical research company’s stock valued at $548,000 after buying an additional 385 shares during the period. 78.10% of the stock is currently owned by institutional investors.

About Amgen

Amgen Inc is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. It operates in human therapeutics segment. Its marketed products portfolio includes Neulasta (pegfilgrastim); erythropoiesis-stimulating agents (ESAs), such as Aranesp (darbepoetin alfa) and EPOGEN (epoetin alfa); Sensipar/Mimpara (cinacalcet); XGEVA (denosumab); Prolia (denosumab); NEUPOGEN (filgrastim), and other marketed products, such as KYPROLIS (carfilzomib), Vectibix (panitumumab), Nplate (romiplostim), Repatha (evolocumab), BLINCYTO (blinatumomab), IMLYGIC (talimogene laherparepvec) and Corlanor (ivabradine).

Analyst Recommendations for Amgen (NASDAQ:AMGN)

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