Economy

Biogen Inc. (BIIB) Upgraded at Mizuho

Biogen Inc. (BIIB) Upgraded at Mizuho”

(UCBI) has risen 34.83% since October 17, 2016 and is uptrending. Its up 19.65% from 1.66 million shares previously. It has underperformed by 16.70% the S&P500. BlackRock Inc. now owns 18,107,358 shares of the biotechnology company's stock valued at $4,913,612,000 after buying an additional 415,099 shares in the last quarter. Guardian Life Insurance Co. of America now owns 839 shares of the biotechnology company's stock valued at $229,000 after acquiring an additional 6 shares in the last quarter. You can get a sense of how sustainable that is by a levered free cash flow of $3.2 Billion over the past twelve months. Insiders own 0.25% of the company's stock. The stock of Biogen Inc (NASDAQ:BIIB) earned "Hold" rating by BMO Capital Markets on Monday, July 17. It has underperformed by 11.76% the S&P500.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.16, from 1.04 in 2017Q1. Tdam Usa holds 0.02% or 1,331 shares. 78 funds opened positions while 277 raised stakes. Voya Investment Ltd Liability owns 846,152 shares. Meridian Management holds 9,251 shares or 1.32% of its portfolio. Pzena Limited Liability Corporation reported 9.10M shares. That suggests something of the likelihood of a short squeeze in shares of BIIB. Royal Bancorp Of Canada reported 0.02% of its portfolio in Xilinx, Inc. Gilder Gagnon Howe Ltd Liability has invested 0.22% in W. R. Grace & Co (NYSE:GRA). Susquehanna International Grp Inc Limited Liability Partnership accumulated 80,641 shares. (NYSE:BWA) or 171,858 shares. Rosenblum Silverman Sutton S F Incorporated Ca reported 24,257 shares or 0.43% of all its holdings. Following the completion of the transaction, the executive vice president now owns 27,232 shares in the company, valued at $7,761,120. Thompson Siegel Walmsley Llc has invested 0% in Biogen Inc (NASDAQ:BIIB). Zwj Counsel Inc has invested 0.03% in Biogen Inc (NASDAQ:BIIB).

Biogen Inc. (NASDAQ:BIIB) was upgraded by analysts at Mizuho from a "neutral" rating to a "buy" rating in a note issued to investors on Tuesday. The firm has "Hold" rating given on Tuesday, July 25 by Cantor Fitzgerald. Therefore 54% are positive. Goldman Sachs upgraded the shares of BIIB in report on Wednesday, August 16 to "Conviction Buy" rating.

Analysts await Biogen Inc (NASDAQ:BIIB) to report earnings on October, 25. On Wednesday, October 7 the stock rating was maintained by RBC Capital Markets with "Outperform".

September 13 investment analysts at BMO Capital made no change to the company rating of "Market Perform" and raised the price expectation to $377.00 from $284.70. On Wednesday, April 26 the stock rating was maintained by Cowen & Co with "Buy". Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. About 1.05M shares traded.

Biogen (NASDAQ:BIIB) has insider ownership of 0.25% and institutional ownership of 87.62%. Mizuho upgraded Biogen from a "neutral" rating to a "buy" rating and lifted their price target for the company from $319.00 to $400.00 in a research report on Tuesday.

Biogen is scheduled to report results on October. The shares were sold at an average price of $285.00, for a total value of $2,211,030.00. BIIB's profit would be $1.19 billion giving it 15.35 P/E if the $5.61 EPS is correct. After $0.12 actual EPS reported by Smart & Final Stores Inc for the previous quarter, Wall Street now forecasts 41.67% EPS growth.

Since May 1, 2017, it had 1 buying transaction, and 1 sale for $102,593 activity.

In premarket trade on Wednesday, its shares were up 0.94% at US$347.79.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.16, from 1.04 in 2017Q1.

Fred Alger Management Inc. trimmed its holdings in shares of Biogen Inc.

On 7/25/2017 Susan H Alexander, EVP, sold 4,974 with an average share price of $290.01 per share and the total transaction amounting to $1,442,509.74. Pitcairn Com has 4,823 shares.

Clough Capital Partners LP decreased Biogen Inc (BIIB) stake by 5.54% reported in 2017Q2 SEC filing. Jefferies reinitiated Biogen Inc (NASDAQ:BIIB) on Tuesday, July 11 with "Hold" rating. Atlantic Trust Grp Ltd Com holds 0.03% or 15,848 shares in its portfolio. Linscomb Williams Inc has 0.03% invested in Biogen Inc (NASDAQ:BIIB).

Morgan Stanley is a financial holding company. Fifth Third Commercial Bank stated it has 76,529 shares or 0.15% of all its holdings. Systematic Financial Management Lp, a New Jersey-based fund reported 1.53 million shares. Community And Inv Communication stated it has 0.04% in Biogen Inc (NASDAQ:BIIB).

The current consensus rating on Biogen (NASDAQ:BIIB) is Buy (Score: 2.67) with a consensus target price of $341.82 per share, a potential 1.83% upside. Commerzbank Aktiengesellschaft Fi reported 0.34% of its portfolio in Biogen Inc (NASDAQ:BIIB). Clearbridge Investments LLC now owns 9,121,025 shares of the biotechnology company's stock valued at $2,493,871,000 after buying an additional 351,224 shares in the last quarter.



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