Agios Pharmaceuticals, Inc. (AGIO) Given a $83.00 Price Target by Oppenheimer Holdings, Inc. Analysts
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) has been assigned a $83.00 target price by stock analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Friday. The firm currently has a “buy” rating on the biopharmaceutical company’s stock. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 39.19% from the stock’s current price.
A number of other equities research analysts have also issued reports on AGIO. Janney Montgomery Scott reissued a “hold” rating on shares of Agios Pharmaceuticals in a research report on Tuesday, August 1st. Leerink Swann raised Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $80.00 in a research report on Wednesday, August 2nd. Canaccord Genuity set a $90.00 target price on Agios Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, August 2nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $80.00 target price (up previously from $68.00) on shares of Agios Pharmaceuticals in a research report on Tuesday, August 8th. Finally, BidaskClub lowered Agios Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Agios Pharmaceuticals has a consensus rating of “Buy” and a consensus target price of $75.70.
Shares of Agios Pharmaceuticals (AGIO) traded up $0.56 during trading on Friday, reaching $59.63. The company had a trading volume of 469,700 shares, compared to its average volume of 528,150. Agios Pharmaceuticals has a 1-year low of $39.24 and a 1-year high of $72.73.
Agios Pharmaceuticals (NASDAQ:AGIO) last announced its earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($1.59) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.78) by $0.19. Agios Pharmaceuticals had a negative return on equity of 69.64% and a negative net margin of 506.39%. The business had revenue of $11.35 million for the quarter, compared to analyst estimates of $10.85 million. During the same quarter last year, the firm earned ($1.63) EPS. Agios Pharmaceuticals’s revenue for the quarter was up 26.4% compared to the same quarter last year. equities analysts expect that Agios Pharmaceuticals will post -6.59 earnings per share for the current year.
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In other news, insider Scott Biller sold 2,146 shares of Agios Pharmaceuticals stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $61.99, for a total transaction of $133,030.54. Following the completion of the transaction, the insider now directly owns 8,410 shares in the company, valued at approximately $521,335.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lewis Clayton Jr. Cantley sold 4,000 shares of Agios Pharmaceuticals stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $60.88, for a total value of $243,520.00. Following the transaction, the director now owns 82,394 shares of the company’s stock, valued at $5,016,146.72. The disclosure for this sale can be found here. Insiders have sold a total of 182,908 shares of company stock worth $12,391,239 in the last ninety days. Insiders own 10.55% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AGIO. QS Investors LLC bought a new position in shares of Agios Pharmaceuticals during the 2nd quarter worth approximately $144,000. Cubist Systematic Strategies LLC boosted its stake in shares of Agios Pharmaceuticals by 1,041.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,423 shares of the biopharmaceutical company’s stock worth $176,000 after acquiring an additional 3,123 shares during the period. Aperio Group LLC bought a new position in shares of Agios Pharmaceuticals during the 2nd quarter worth approximately $206,000. Teacher Retirement System of Texas bought a new position in shares of Agios Pharmaceuticals during the 3rd quarter worth approximately $225,000. Finally, S&CO Inc. bought a new position in shares of Agios Pharmaceuticals during the 3rd quarter worth approximately $227,000. Institutional investors own 93.16% of the company’s stock.
Agios Pharmaceuticals Company Profile
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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