Alnylam Pharmaceuticals (ALNY) Rating Increased to Conviction-Buy at Goldman Sachs Group
Alnylam Pharmaceuticals (NASDAQ:ALNY) was upgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a research report issued to clients and investors on Friday.
Other equities analysts also recently issued research reports about the company. Jefferies Group set a $102.00 price objective on Alnylam Pharmaceuticals and gave the stock a “buy” rating in a research report on Friday, August 25th. B. Riley reduced their price objective on Alnylam Pharmaceuticals to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. BMO Capital Markets reiterated an “outperform” rating and set a $99.00 price objective (down previously from $105.00) on shares of Alnylam Pharmaceuticals in a research report on Wednesday, September 6th. Leerink Swann reiterated a “market perform” rating and set a $72.00 price objective (down previously from $83.00) on shares of Alnylam Pharmaceuticals in a research report on Friday, September 8th. They noted that the move was a valuation call. Finally, Needham & Company LLC lifted their price objective on Alnylam Pharmaceuticals from $85.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $121.85.
Shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) opened at $125.59 on Friday. The company has a current ratio of 9.83, a quick ratio of 9.83 and a debt-to-equity ratio of 0.14. Alnylam Pharmaceuticals has a 12 month low of $35.98 and a 12 month high of $147.63.
In other Alnylam Pharmaceuticals news, SVP Laurie Keating sold 30,000 shares of Alnylam Pharmaceuticals stock in a transaction on Friday, December 1st. The stock was sold at an average price of $135.89, for a total value of $4,076,700.00. Following the sale, the senior vice president now owns 41,500 shares in the company, valued at $5,639,435. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Maraganore sold 73,415 shares of Alnylam Pharmaceuticals stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $130.90, for a total value of $9,610,023.50. Following the completion of the sale, the chief executive officer now owns 223,125 shares in the company, valued at approximately $29,207,062.50. The disclosure for this sale can be found here. Insiders sold 393,212 shares of company stock worth $48,109,436 in the last 90 days. Company insiders own 4.30% of the company’s stock.
Large investors have recently bought and sold shares of the business. Fayerweather Charles purchased a new stake in Alnylam Pharmaceuticals in the third quarter valued at $230,000. Watch Point Trust Co purchased a new stake in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $235,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $235,000. Security National Bank of SO Dak purchased a new stake in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $247,000. Finally, Boston Private Wealth LLC purchased a new stake in shares of Alnylam Pharmaceuticals in the 3rd quarter valued at $247,000. Institutional investors own 88.43% of the company’s stock.
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Alnylam Pharmaceuticals Company Profile
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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