BioMarin Pharmaceutical (NASDAQ:BMRN) Price Target Lowered to $95.00 at Oppenheimer

BioMarin Pharmaceutical (NASDAQ:BMRNFree Report) had its price target trimmed by Oppenheimer from $98.00 to $95.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the biotechnology company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating on shares of BioMarin Pharmaceutical in a research report on Tuesday, October 28th. HC Wainwright upped their price objective on BioMarin Pharmaceutical from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Wells Fargo & Company increased their target price on BioMarin Pharmaceutical from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Wedbush reissued an “outperform” rating and set a $94.00 price target on shares of BioMarin Pharmaceutical in a report on Tuesday, October 28th. Finally, Morgan Stanley lowered their price target on shares of BioMarin Pharmaceutical from $104.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, October 28th. Fifteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.33.

View Our Latest Research Report on BioMarin Pharmaceutical

BioMarin Pharmaceutical Trading Down 0.5%

BMRN opened at $62.62 on Tuesday. The stock has a market capitalization of $12.03 billion, a PE ratio of 35.18, a P/E/G ratio of 0.68 and a beta of 0.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.83 and a quick ratio of 3.10. BioMarin Pharmaceutical has a 12-month low of $50.76 and a 12-month high of $73.51. The firm’s fifty day moving average price is $58.53 and its 200 day moving average price is $56.08.

Institutional Trading of BioMarin Pharmaceutical

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management bought a new stake in BioMarin Pharmaceutical during the fourth quarter worth approximately $26,000. Quent Capital LLC acquired a new stake in shares of BioMarin Pharmaceutical during the 3rd quarter valued at $28,000. CIBC Private Wealth Group LLC lifted its position in shares of BioMarin Pharmaceutical by 38.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 648 shares of the biotechnology company’s stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of BioMarin Pharmaceutical by 92.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 749 shares of the biotechnology company’s stock worth $40,000 after acquiring an additional 360 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of BioMarin Pharmaceutical in the 3rd quarter worth $40,000. 98.71% of the stock is currently owned by institutional investors.

Key Stories Impacting BioMarin Pharmaceutical

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About BioMarin Pharmaceutical

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BioMarin Pharmaceutical Inc is a biopharmaceutical company specializing in the development and commercialization of therapies for rare genetic and metabolic diseases. The company focuses on addressing unmet medical needs by leveraging enzyme replacement therapy, small molecule pharmacological chaperones and gene therapy technologies. Headquartered in Novato, California, BioMarin operates research and development facilities in the United States and Europe.

The company’s commercial portfolio includes several approved therapies targeting inherited disorders.

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Analyst Recommendations for BioMarin Pharmaceutical (NASDAQ:BMRN)

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