Oppenheimer Holdings, Inc. reiterated their buy rating on shares of Amgen Inc. (NASDAQ:AMGN) in a report issued on Friday, October 6th. They currently have a $203.00 price objective on the medical research company’s stock.
Several other equities research analysts have also issued reports on the company. Mizuho reaffirmed a buy rating and issued a $198.00 price objective on shares of Amgen in a research note on Friday, October 6th. Morgan Stanley reaffirmed an overweight rating and issued a $196.00 price objective (up from $189.00) on shares of Amgen in a research note on Friday, October 6th. Cann reiterated a buy rating and issued a $203.00 price target on shares of Amgen in a report on Friday, October 6th. Bank of America Corporation increased their price target on Amgen to $210.00 and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Credit Suisse Group restated a neutral rating and set a $186.00 price objective (up from $177.00) on shares of Amgen in a report on Friday, September 29th. Twelve 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 stock. The company has a consensus rating of Buy and a consensus price target of $189.99.
Amgen (NASDAQ AMGN) opened at 186.28 on Friday. Amgen has a 52 week low of $133.64 and a 52 week high of $191.10. The firm has a market cap of $135.92 billion, a P/E ratio of 16.97 and a beta of 1.36. The firm’s 50-day moving average price is $184.68 and its 200 day moving average price is $171.37.
Amgen (NASDAQ:AMGN) last announced its quarterly earnings results on Tuesday, July 25th. The medical research company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.16. Amgen had a return on equity of 29.85% and a net margin of 35.46%. The company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Amgen will post $12.58 earnings per share for the current fiscal year.
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In other Amgen news, EVP Sean E. Harper sold 1,525 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $185.95, for a total transaction of $283,573.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of AMGN. Waldron LP acquired a new position in shares of Amgen during the 1st quarter worth approximately $444,000. Acadian Asset Management LLC boosted its holdings in shares of Amgen by 81.0% during the 1st quarter. Acadian Asset Management LLC now owns 4,770 shares of the medical research company’s stock worth $784,000 after purchasing an additional 2,135 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of Amgen by 0.5% during the 1st quarter. Meritage Portfolio Management now owns 45,730 shares of the medical research company’s stock worth $7,503,000 after purchasing an additional 230 shares during the last quarter. NBT Bank N A NY boosted its holdings in shares of Amgen by 19.9% during the 1st quarter. NBT Bank N A NY now owns 5,565 shares of the medical research company’s stock worth $913,000 after purchasing an additional 925 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its holdings in shares of Amgen by 6.9% during the 1st quarter. Mycio Wealth Partners LLC now owns 5,594 shares of the medical research company’s stock worth $918,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 78.08% of the company’s stock.
Amgen Company Profile
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).
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