Biogen (NASDAQ:BIIB) Price Target Raised to $185.00 at JPMorgan Chase & Co.

Biogen (NASDAQ:BIIBFree Report) had its target price hoisted by JPMorgan Chase & Co. from $175.00 to $185.00 in a research note issued to investors on Thursday morning,MarketScreener reports. JPMorgan Chase & Co. currently has a neutral rating on the biotechnology company’s stock.

BIIB has been the topic of several other research reports. TD Cowen lifted their price objective on Biogen from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Truist Financial decreased their price objective on Biogen from $193.00 to $189.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Wedbush lifted their price objective on Biogen from $187.00 to $191.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Guggenheim lifted their price objective on Biogen from $185.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Wolfe Research set a $231.00 price objective on Biogen in a report on Monday, February 9th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Biogen has an average rating of “Hold” and a consensus price target of $211.31.

Read Our Latest Stock Report on BIIB

Biogen Stock Performance

BIIB opened at $187.88 on Thursday. The firm has a market capitalization of $27.57 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.54 and a beta of 0.16. The stock’s 50 day moving average price is $185.37 and its two-hundred day moving average price is $174.82. The company has a quick ratio of 2.03, a current ratio of 2.68 and a debt-to-equity ratio of 0.34. Biogen has a 12-month low of $115.25 and a 12-month high of $202.41.

Biogen (NASDAQ:BIIBGet Free Report) last released its earnings results on Friday, February 6th. The biotechnology company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.38. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.21 billion. Biogen had a return on equity of 12.64% and a net margin of 13.07%.The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.44 EPS. Biogen has set its FY 2026 guidance at 15.250-16.250 EPS. On average, equities analysts forecast that Biogen will post 15.75 earnings per share for the current year.

Insider Buying and Selling at Biogen

In other news, insider Priya Singhal sold 2,660 shares of Biogen stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $199.83, for a total transaction of $531,547.80. Following the sale, the insider owned 8,043 shares of the company’s stock, valued at approximately $1,607,232.69. This trade represents a 24.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Trading of Biogen

Institutional investors have recently bought and sold shares of the stock. Reflection Asset Management acquired a new stake in Biogen in the 4th quarter valued at $25,000. WPG Advisers LLC boosted its stake in Biogen by 417.9% in the 4th quarter. WPG Advisers LLC now owns 145 shares of the biotechnology company’s stock valued at $26,000 after buying an additional 117 shares in the last quarter. First Horizon Corp acquired a new stake in Biogen in the 4th quarter valued at $30,000. Root Financial Partners LLC boosted its stake in Biogen by 198.4% in the 4th quarter. Root Financial Partners LLC now owns 185 shares of the biotechnology company’s stock valued at $33,000 after buying an additional 123 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new stake in Biogen in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 87.93% of the company’s stock.

Biogen News Summary

Here are the key news stories impacting Biogen this week:

About Biogen

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Biogen Inc is a multinational biotechnology company focused on discovering, developing and delivering therapies for neurological and neurodegenerative diseases. Headquartered in Cambridge, Massachusetts, the company has a longstanding emphasis on neuroscience, with research and commercial activities spanning multiple therapeutic areas including multiple sclerosis, spinal muscular atrophy and Alzheimer’s disease. Biogen was founded in 1978 and has grown into a global biopharmaceutical firm with operations and commercial presence across North America, Europe, Japan and other international markets.

The company’s marketed portfolio has historically included several well-known therapies for multiple sclerosis such as Avonex, Tysabri and Tecfidera, and it has pursued treatments for rare neurological conditions and genetic neuromuscular disorders.

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