Evercore ISI Cuts Regeneron Pharmaceuticals, Inc. (REGN) Price Target to $445.00

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) had its price objective decreased by Evercore ISI from $605.00 to $445.00 in a research note published on Thursday morning, The Fly reports. Evercore ISI currently has an outperform rating on the biopharmaceutical company’s stock.

A number of other analysts have also recently weighed in on the stock. J P Morgan Chase & Co restated a hold rating on shares of Regeneron Pharmaceuticals in a report on Tuesday, October 31st. Barclays PLC cut shares of 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. Guggenheim restated a buy rating and set a $540.00 target price on shares of Regeneron Pharmaceuticals in a report on Monday, October 23rd. Morgan Stanley restated an equal weight rating and set a $490.00 target price (up from $450.00) on shares of Regeneron Pharmaceuticals in a report on Friday, October 6th. Finally, BMO Capital Markets restated a market perform rating and set a $484.00 target price (up from $421.00) on shares of Regeneron Pharmaceuticals in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $475.34.

Regeneron Pharmaceuticals (NASDAQ REGN) traded down $3.10 during midday trading on Thursday, hitting $391.59. 669,073 shares of the company were exchanged, compared to its average volume of 969,574. Regeneron Pharmaceuticals has a fifty-two week low of $340.09 and a fifty-two week high of $543.55. The company has a quick ratio of 3.07, a current ratio of 3.63 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $41,959.26, a price-to-earnings ratio of 33.90, a PEG ratio of 1.54 and a beta of 1.56.

Regeneron Pharmaceuticals (NASDAQ:REGN) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported $3.99 EPS for the quarter, beating the Zacks’ consensus estimate of $3.83 by $0.16. Regeneron Pharmaceuticals had a net margin of 23.17% and a return on equity of 25.73%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $3.13 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. analysts forecast that Regeneron Pharmaceuticals will post 13.55 EPS for the current year.

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In other Regeneron Pharmaceuticals news, major shareholder Sanofi purchased 166,415 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were acquired at an average price of $480.93 per share, for a total transaction of $80,033,965.95. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael S. Brown sold 1,500 shares of Regeneron Pharmaceuticals stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $475.00, for a total transaction of $712,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,460 shares of company stock worth $29,143,390 in the last 90 days. 10.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alpha Windward LLC raised its holdings in Regeneron Pharmaceuticals by 0.3% in the 2nd quarter. Alpha Windward LLC now owns 384 shares of the biopharmaceutical company’s stock worth $189,000 after acquiring an additional 1 shares during the period. Regentatlantic Capital LLC raised its holdings in Regeneron Pharmaceuticals by 0.9% in the 2nd quarter. Regentatlantic Capital LLC now owns 537 shares of the biopharmaceutical company’s stock worth $264,000 after acquiring an additional 5 shares during the period. Capital Planning Advisors LLC raised its holdings in Regeneron Pharmaceuticals by 2.1% in the 2nd quarter. Capital Planning Advisors LLC now owns 582 shares of the biopharmaceutical company’s stock worth $286,000 after acquiring an additional 12 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Regeneron Pharmaceuticals by 1.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 712 shares of the biopharmaceutical company’s stock worth $350,000 after acquiring an additional 12 shares during the period. Finally, Princeton Capital Management Inc. raised its holdings in Regeneron Pharmaceuticals by 0.6% in the 2nd quarter. Princeton Capital Management Inc. now owns 2,511 shares of the biopharmaceutical company’s stock worth $1,233,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 67.80% of the company’s stock.

Regeneron Pharmaceuticals Company Profile

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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Analyst Recommendations for Regeneron Pharmaceuticals (NASDAQ:REGN)

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