Amgen Inc. (AMGN) Given “Buy” Rating at Oppenheimer Holdings, Inc.

Amgen Inc. (NASDAQ:AMGN)‘s stock had its “buy” rating reissued by analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Thursday, September 7th. They presently have a $203.00 target price on the medical research company’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 8.28% from the stock’s previous close.

A number of other brokerages have also commented on AMGN. BMO Capital Markets downgraded shares of Amgen from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $174.00 target price (up previously from $172.00) on shares of Amgen in a research report on Wednesday, July 26th. Cann reaffirmed a “buy” rating and issued a $203.00 target price (up previously from $189.00) on shares of Amgen in a research report on Wednesday, July 26th. Cowen and Company reissued an “outperform” rating and issued a $209.00 price objective on shares of Amgen in a research report on Saturday, July 22nd. Finally, Credit Suisse Group set a $177.00 price objective on shares of Amgen and gave the company a “hold” rating in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Amgen presently has an average rating of “Buy” and a consensus price target of $186.14.

Amgen (NASDAQ AMGN) opened at 187.47 on Thursday. Amgen has a 1-year low of $133.64 and a 1-year high of $191.10. The company’s 50-day moving average price is $175.31 and its 200 day moving average price is $169.32. The firm has a market capitalization of $136.79 billion, a PE ratio of 17.08 and a beta of 1.35.

Amgen (NASDAQ:AMGN) last posted its earnings results on Tuesday, July 25th. The medical research company reported $3.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.16. Amgen had a net margin of 35.46% and a return on equity of 29.85%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the business posted $2.84 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Amgen will post $12.57 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC lifted its position in shares of Amgen by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 612 shares of the medical research company’s stock valued at $100,000 after acquiring an additional 288 shares during the period. Alpha Omega Wealth Management LLC lifted its position in shares of Amgen by 19.0% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 625 shares of the medical research company’s stock valued at $103,000 after acquiring an additional 100 shares during the period. Jackson Grant Investment Advisers Inc. lifted its position in shares of Amgen by 0.6% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 636 shares of the medical research company’s stock valued at $104,000 after acquiring an additional 4 shares during the period. Phocas Financial Corp. acquired a new position in shares of Amgen during the 2nd quarter valued at $110,000. Finally, American Beacon Advisors Inc. acquired a new position in shares of Amgen during the 1st quarter valued at $106,000. Institutional investors own 78.09% 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).

Analyst Recommendations for Amgen (NASDAQ:AMGN)

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