Biogen (NASDAQ:BIIB) Stock Price Expected to Rise, Rothschild & Co Redburn Analyst Says

Biogen (NASDAQ:BIIBGet Free Report) had its price target boosted by Rothschild & Co Redburn from $150.00 to $180.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the biotechnology company’s stock. Rothschild & Co Redburn’s price target would indicate a potential downside of 4.19% from the company’s previous close.

A number of other research firms also recently commented on BIIB. Stifel Nicolaus boosted their price objective on shares of Biogen from $202.00 to $214.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Canaccord Genuity Group boosted their price objective on shares of Biogen from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Wells Fargo & Company boosted their price objective on shares of Biogen from $190.00 to $200.00 and gave the stock an “equal weight” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. boosted their price objective on shares of Biogen from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, UBS Group raised shares of Biogen from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $225.00 in a report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $211.31.

Read Our Latest Report on BIIB

Biogen Price Performance

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

Biogen (NASDAQ:BIIBGet Free Report) last announced its quarterly earnings data on Friday, February 6th. The biotechnology company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.38. The company 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 firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.44 EPS. Biogen has set its FY 2026 guidance at 15.250-16.250 EPS. Research analysts anticipate that Biogen will post 15.75 earnings per share for the current year.

Insider Activity

In other news, insider Priya Singhal sold 2,660 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $199.83, for a total value of $531,547.80. Following the sale, the insider directly owned 8,043 shares in the company, valued at $1,607,232.69. This represents a 24.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Reflection Asset Management purchased a new position in shares of Biogen during the 4th quarter worth $25,000. WPG Advisers LLC raised its stake in Biogen by 417.9% during the fourth quarter. WPG Advisers LLC now owns 145 shares of the biotechnology company’s stock worth $26,000 after purchasing an additional 117 shares during the period. First Horizon Corp purchased a new position in Biogen during the fourth quarter worth approximately $30,000. Root Financial Partners LLC raised its stake in Biogen by 198.4% during the fourth quarter. Root Financial Partners LLC now owns 185 shares of the biotechnology company’s stock worth $33,000 after purchasing an additional 123 shares during the period. Finally, MV Capital Management Inc. purchased a new position in Biogen during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 87.93% of the company’s stock.

Key Headlines Impacting Biogen

Here are the key news stories impacting Biogen this week:

About Biogen

(Get Free Report)

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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Analyst Recommendations for Biogen (NASDAQ:BIIB)

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