Leerink Swann Weighs in on Amgen Inc.'s FY2021 Earnings (AMGN)

On October 26 BMO Capital Markets held the company rating at "Market Perform" projecting a price of $198.00. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. RBC Capital Markets has "Outperform" rating and $140 target. The stock of Home Depot Inc (NYSE:HD) earned "Buy" rating by Robert W. Baird on Tuesday, August 15. Oppenheimer maintained Amgen, Inc. The firm has "Neutral" rating by Atlantic Securities given on Thursday, May 11. The company was maintained on Friday, October 27 by RBC Capital Markets. See Investors Bancorp, Inc.

State Of Wisconsin Investment Board decreased its stake in Amgen Inc (AMGN) by 2.52% based on its latest 2017Q2 regulatory filing with the SEC.

Amgen Inc. (AMGN) is an interesting player in the Healthcare space, with a focus on Biotechnology. Corporate insiders own 0.19% of the company's stock. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since November 14, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.

It last reported revenues of $95.41 million and EPS of $0.14 for the September 2017, representing -14% top-line growth and 0.28 EPS growth. AMGN's profit will be $2.20 billion for 14.03 P/E if the $3.02 EPS becomes a reality. BALTIMORE DAVID sold $569,541 worth of Amgen, Inc.

Among 22 analysts covering Amgen Inc. (NASDAQ:AMGN). Dupont Capital Mngmt has invested 0.57% in Amgen, Inc. Therefore 45% are positive. Florida-based Carl Domino Inc has invested 1.43% in Amgen, Inc. The stock now has a consensus rating of "Buy" and a consensus target price of $190.03. The original version of this piece can be viewed at https://stocknewstimes.com/2017/11/16/amgen-inc-amgn-expected-to-post-q2-2018-earnings-of-3-41-per-share.html. The firm has "Neutral" rating by Credit Suisse given on Tuesday, December 20. Oppenheimer maintained Amgen, Inc. (NASDAQ:AMGN) rating on Friday, July 31. The rating was maintained by Mizuho on Sunday, October 29 with "Buy". Barclays Capital maintained it with "Equal-Weight" rating and $190 target in Friday, October 13 report.


Amgen declared that its board has approved a stock buyback plan on Wednesday, October 25th that authorizes the company to buyback $5.00 billion in shares. The ex-dividend date of this dividend is Thursday, November 16th. Royal Bank Of Canada lowered their price objective on Amgen from $192.00 to $188.00 and set a "sector perform" rating for the company in a research report on Thursday, October 26th. The rating was maintained by Piper Jaffray on Saturday, August 29 with "Overweight". On Friday, November 10 the stock rating was upgraded by Moffett Nathanson to "Buy".

Orbimed Advisors Llc increased Illumina Inc (NASDAQ:ILMN) stake by 76,600 shares to 398,500 valued at $69.15M in 2017Q2. It also increased its holding in Nielsen Hldgs Plc by 97,710 shares in the quarter, for a total of 614,656 shares, and has risen its stake in Lincoln Natl Corp Ind (NYSE:LNC). Cdk Global Inc (NASDAQ:CDK) was raised too.

Analysts await Amgen, Inc. 557.32 million shares or 1.16% less from 563.88 million shares in 2017Q1 were reported. They expect $3.64 earnings per share, up 1.96% or $0.07 from last year's $3.57 per share. The medical research company reported $3.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.11 by $0.16. Investors of record on Friday, November 17th will be given a dividend of $1.15 per share. Its down 0.10, from 1.25 in 2017Q1.

Several other institutional investors have also bought and sold shares of AMGN. TrimTabs Asset Management LLC raised its stake in Amgen by 88.9% during the 1st quarter. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.09% with $724.82 Million sitting short, betting on future declines. Livforsakringsbolaget Skandia Omsesidigt owns 1.03% invested in Amgen, Inc. Also, Director Carbonnel Francois De sold 4,000 shares of the business's stock in a transaction on Wednesday, November 8th. Wellington Shields Cap Mgmt Lc reported 0.07% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Meiji Yasuda Life Insur Co reported 17,717 shares. Cubic Asset Ltd Liability Com holds 2,371 shares or 0.12% of its portfolio. Peapack Gladstone holds 68,730 shares or 0% of its portfolio. Corporate insiders own 0.19% of the company's stock. Sheets Smith Wealth Mngmt holds 0.23% or 5,011 shares in its portfolio. Bbva Compass Comml Bank holds 0.62% or 54,791 shares. 165,125 were accumulated by Todd Asset Mngmt Limited Liability. Cornerstone Cap Incorporated holds 1.68% or 51,304 shares in its portfolio. Amgen Inc.'s institutional ownership is 80.6%, while its institutional transactions stand at -0.45%. Baker Ellis Asset Management LLC acquired a new position in Amgen during the 3rd quarter valued at $108,000. For AMGN, the company now has $3 Billion of cash on the books, which is offset by $2 Billion current liabilities. Umb Financial Bank N A Mo invested in 124,563 shares. (NASDAQ:AMGN). Trust Company Of Vermont has 0.63% invested in Amgen, Inc.

Related:

Comments

Latest news

SpaceX warns of sonic boom after next launch in Florida
An application , filed by SpaceX, reveals the recovery of the Falcon 9 rocket will take place in Florida hours after the flight. Air Force 45th Weather Squadron, there is an 80% chance of favorable weather for the launch.

AG Sessions Threatens Burlington, State Over Immigration Policies
He came to Portland this summer to urge city and state leaders to cooperate more with federal immigration enforcement efforts. The department cites possible violations of section 1373 of Title 8 of the U.S.

Billionaire Nelson Peltz wins recount for board seat at P&G
As a partner to multiple external businesses, loss at P&G could wreak collateral damage to other jobs in Cincinnati. Trian identifies those "challenges" as shrinking market share, excessive bureaucracy and corporate costs and more.

Lesbian wins Oklahoma special election in another resounding rebuke of Trump
The newly-elected official is an experienced therapist, and works for a non-profit, community mental-health agency in Tulsa. Complete but unofficial results showed Ikley-Freeman with 2,234 votes to 2,203 for O'Hara, according to Tulsa World .

NFL Owners Have Discussed How To Kick Out Jerry Jones
Jones said he's fighting for transparency in the negotiations and wants all the owners to approve any deal with Goodell. Jones' attempt to delay Goodell's contract has become a growing source of conflict within the league.

Other news