Economy

Biogen Inc. (NASDAQ:BIIB) Stock Rating Reaffirmed by Stifel Nicolaus

Biogen Inc. (NASDAQ:BIIB) Stock Rating Reaffirmed by Stifel Nicolaus”

Goldman Sachs Group, Inc. The company was initiated on Tuesday, September 1 by Raymond James.

Trust Department Mb Financial Bank N A increased Biogen Idec Inc (BIIB) stake by 3.4% reported in 2017Q2 SEC filing. BIIB's profit would be $1.19B giving it 14.64 P/E if the $5.61 EPS is correct. The company has a market capitalization of $71.48 billion, a price-to-earnings ratio of 22.19 and a beta of 0.77. About 1.91M shares traded or 57.85% up from the average.

Biogen (NASDAQ:BIIB) last posted its quarterly earnings data on Tuesday, July 25th. It has underperformed by 11.76% the S&P500. Equities analysts expect that Biogen Inc. will post $20.20 earnings per share for the current year. (NASDAQ:BIIB), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Finally, Credit Suisse Group set a $300.00 price objective on Biogen and gave the stock a "hold" rating in a report on Friday, July 14th. Jefferies has "Buy" rating and $348 target. The firm has "Equal-Weight" rating given on Wednesday, July 26 by Morgan Stanley. Argus Research maintained it with "Buy" rating and $360 target in Monday, July 27 report. The firm has "Strong Buy" rating by Raymond James given on Thursday, December 29. The firm has "Neutral" rating given on Monday, October 23 by Citigroup. The company was upgraded on Tuesday, October 17 by Mizuho. Pub Employees Retirement Systems Of Ohio reported 0.22% in Biogen Inc (NASDAQ:BIIB).

Shares of Biogen Inc. The company has market cap of $292.24 million. The Company operates in discovering, developing, manufacturing and delivering therapies to patients for the treatment of neurodegenerative diseases, hematologic conditions and autoimmune disorders segment. The Firm markets products, including TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA and FAMPYRA for multiple sclerosis, FUMADERM for the treatment of severe plaque psoriasis and SPINRAZA for the treatment of spinal muscular atrophy (SMA).

Investors sentiment decreased to 0.88 in 2017 Q2. Its up 0.11, from 1.16 in 2017Q1. Moreover, Mitsubishi Ufj And Bk has 0.24% invested in Biogen Inc (NASDAQ:BIIB).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Finally, JNBA Financial Advisors increased its stake in shares of Biogen by 1.0% during the 1st quarter. Nationwide Fund Advisors sold 26,524 shares as Biogen Inc Common Stock (BIIB)'s stock declined 13.45%. Main Street Research Limited Company stated it has 3,896 shares. Prudential has 0.28% invested in Biogen Inc (NASDAQ:BIIB) for 688,495 shares.

Since the start of the New Year, Biogen Inc. Delta Asset Ltd Liability Corporation Tn reported 0% of its portfolio in Biogen Inc (NASDAQ:BIIB). Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 35,776 shares or 0.01% of the stock. Gabelli Funds Limited Liability has invested 0.05% in Biogen Inc (NASDAQ:BIIB). South Carolina-based South State Corp has invested 0.05% in Biogen Inc (NASDAQ:BIIB). (NASDAQ:BIIB) by 9.8% during the third quarter, according to its most recent disclosure with the SEC. Netherlands-based Pensionfund Dsm Netherlands has invested 0.65% in Biogen Inc (NASDAQ:BIIB). National Bank accumulated 0.11% or 28,425 shares.

Since May 1, 2017, it had 1 insider buy, and 1 insider sale for $102,593 activity.

On 6/9/2017 Brian S Posner, Director, sold 1,084 with an average share price of $256.31 per share and the total transaction amounting to $277,840.04. Opus Point Management Lc has invested 1.44% in Biogen Inc (NASDAQ:BIIB). For the past 5 days of trading, the stock has seen a move of 0.14%. TPI Composites Inc (NASDAQ:TPIC) has 0.00% since October 22, 2016 and is. It has outperformed by 70.94% the S&P500.

Investors sentiment increased to 1.27 in Q2 2017. Its down 0.16, from 1.04 in 2017Q1. 9 funds opened positions while 33 raised stakes. Rockefeller Fincl Services holds 1.41% or 262,361 shares. Columbus Circle Invsts has 119,224 shares for 0.09% of their portfolio. First Interstate Savings Bank reported 1,087 shares. Mitsubishi Ufj invested in 90 shares. Ing Groep Nv holds 59,781 shares. 12,996 were reported by Regions Corp. Wells Fargo Co Mn holds 12,494 shares or 0% of its portfolio. The biotechnology company reported $6.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.61 by $0.70. Gabelli Funds Ltd Limited Liability Company invested in 0.01% or 114,000 shares.

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