Regeneron Pharmaceuticals (REGN) Stock Rating Reaffirmed by Jefferies Group
Jefferies Group reissued their hold rating on shares of Regeneron Pharmaceuticals (NASDAQ:REGN) in a report published on Friday. The brokerage currently has a $421.00 price objective on the biopharmaceutical company’s stock. Jefferies Group also issued estimates for Regeneron Pharmaceuticals’ FY2019 earnings at $15.91 EPS, FY2020 earnings at $17.62 EPS and FY2021 earnings at $21.92 EPS.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Regeneron Pharmaceuticals from a hold rating to a sell rating in a report on Tuesday, October 10th. Morgan Stanley reiterated an equal weight rating and set a $490.00 target price (up previously from $450.00) on shares of Regeneron Pharmaceuticals in a report on Friday, October 6th. JPMorgan Chase & Co. reiterated a hold rating on shares of Regeneron Pharmaceuticals in a report on Monday, October 16th. Canaccord Genuity reiterated a buy rating on shares of Regeneron Pharmaceuticals in a report on Monday, October 16th. Finally, Barclays downgraded Regeneron Pharmaceuticals from an equal weight rating to an underweight rating and reduced their target price for the stock from $450.00 to $395.00 in a report on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $468.15.
Regeneron Pharmaceuticals (REGN) traded up $0.25 on Friday, reaching $346.04. The company’s stock had a trading volume of 1,419,513 shares, compared to its average volume of 881,032. The company has a market cap of $37,151.33, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.33 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.63 and a quick ratio of 3.07. Regeneron Pharmaceuticals has a fifty-two week low of $340.65 and a fifty-two week high of $543.55.
Several institutional investors have recently bought and sold shares of REGN. Steward Partners Investment Advisory LLC grew its stake in shares of Regeneron Pharmaceuticals by 495.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 369 shares of the biopharmaceutical company’s stock worth $138,000 after buying an additional 307 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Regeneron Pharmaceuticals in the 3rd quarter worth approximately $200,000. Virtu KCG Holdings LLC purchased a new stake in shares of Regeneron Pharmaceuticals in the 2nd quarter worth approximately $206,000. Moors & Cabot Inc. purchased a new stake in shares of Regeneron Pharmaceuticals in the 3rd quarter worth approximately $217,000. Finally, People s United Financial Inc. grew its stake in shares of Regeneron Pharmaceuticals by 656.7% in the 2nd quarter. People s United Financial Inc. now owns 454 shares of the biopharmaceutical company’s stock worth $223,000 after buying an additional 394 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.
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About Regeneron Pharmaceuticals
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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