Morgan Stanley Increases Alnylam Pharmaceuticals, Inc. (ALNY) Price Target to $130.00
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) had its price target boosted by stock analysts at Morgan Stanley from $101.00 to $130.00 in a note issued to investors on Thursday. The firm currently has an “equal weight” rating on the biopharmaceutical company’s stock. Morgan Stanley’s price target would suggest a potential downside of 7.13% from the company’s previous close.
Several other equities analysts have also commented on the stock. J P Morgan Chase & Co upgraded shares of Alnylam Pharmaceuticals from a “neutral” rating to an “overweight” rating in a research report on Thursday. B. Riley lowered their price target on shares of Alnylam Pharmaceuticals to $220.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays PLC upped their price target on shares of Alnylam Pharmaceuticals from $127.00 to $158.00 and gave the stock an “overweight” rating in a research report on Wednesday. Credit Suisse Group upped their price target on shares of Alnylam Pharmaceuticals from $123.00 to $151.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, Cowen and Company restated an “outperform” rating and set a $151.00 price target (up previously from $117.00) on shares of Alnylam Pharmaceuticals in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.57.
Alnylam Pharmaceuticals (ALNY) traded up $2.30 during trading on Thursday, hitting $139.98. 1,386,900 shares of the stock traded hands, compared to its average volume of 1,120,946. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.83 and a quick ratio of 8.84. Alnylam Pharmaceuticals has a fifty-two week low of $35.98 and a fifty-two week high of $147.63.
Alnylam Pharmaceuticals (NASDAQ:ALNY) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.23) by ($0.11). The firm had revenue of $17.10 million for the quarter, compared to the consensus estimate of $28.15 million. Alnylam Pharmaceuticals had a negative return on equity of 46.94% and a negative net margin of 664.70%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.21) EPS. equities research analysts predict that Alnylam Pharmaceuticals will post -5.18 EPS for the current year.
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In other Alnylam Pharmaceuticals news, EVP Akshay Vaishnaw sold 33,666 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $121.46, for a total transaction of $4,089,072.36. Following the completion of the sale, the executive vice president now directly owns 45,201 shares of the company’s stock, valued at $5,490,113.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Barry E. Greene sold 85,316 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $125.00, for a total transaction of $10,664,500.00. The disclosure for this sale can be found here. Insiders sold a total of 215,797 shares of company stock valued at $25,035,072 over the last three months. 4.30% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. QS Investors LLC lifted its stake in Alnylam Pharmaceuticals by 59.7% during the second quarter. QS Investors LLC now owns 2,408 shares of the biopharmaceutical company’s stock valued at $192,000 after buying an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alnylam Pharmaceuticals by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,541 shares of the biopharmaceutical company’s stock valued at $203,000 after buying an additional 167 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Alnylam Pharmaceuticals during the first quarter valued at about $215,000. CIBC Asset Management Inc purchased a new stake in Alnylam Pharmaceuticals during the second quarter valued at about $221,000. Finally, Neuberger Berman Group LLC purchased a new stake in Alnylam Pharmaceuticals during the second quarter valued at about $229,000. 94.20% of the stock is owned by institutional investors.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).
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