Research Analysts Set Expectations for Amgen Inc.'s Q3 2017 Earnings (AMGN)

Lloyd Doyle
October 12, 2017

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Amgen Inc. About 107,304 shares traded. (NASDAQ:AMGN). Murphy Cap Mgmt reported 0.28% of its portfolio in Amgen, Inc.

Ecology and Environment Incorporated (NASDAQ:EEI) had a decrease of 9.09% in short interest. Univest Corp Of Pennsylvania stated it has 25,347 shares or 1.84% of all its holdings. The Palo Alto Investors Llc holds 1.03 million shares with $82.27 million value, down from 1.10M last quarter. With 2,300 avg volume, 0 days are for Ecology and Environment Incorporated (NASDAQ:EEI)'s short sellers to cover EEI's short positions. About 306,635 shares traded. It is down 21.10% since October 12, 2016 and is uptrending. It has underperformed by 11.00% the S&P500.

Investors sentiment decreased to 1.15 in Q2 2017.

Looking forward, the company's quarterly earnings are expected to come at $1.62 in the three months through September 2017 and $2.07 in the quarter ending December 2017, reflecting 0.62% and 9.52% growth, respectively. It also reduced Disney Walt Co (NYSE:DIS) stake by 3,050 shares and now owns 4,759 shares. 138 funds opened positions while 500 raised stakes.

Shares of HCA Healthcare, Inc. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. 25,634 are held by Johnson Counsel.

07/26/2017 - Amgen Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Raymond James Advisors Incorporated reported 0% stake. Welch And Forbes Ltd Llc holds 42,130 shares or 0.2% of its portfolio. Bowling Port Management Lc owns 44,046 shares or 1.12% of their USA portfolio. Orleans Mngmt La invested in 2.07% or 40,360 shares. Swiss National Bank & Trust accumulated 2.69M shares or 0.55% of the stock. Highland Mngmt Limited invested in 15,210 shares. Ckw Fincl Group owns 100 shares.

The share price of the company (NASDAQ:AMGN) was up +0.18%, with a high of 186.58 during the day and the volume of Amgen Inc. shares traded was 2036369. (NASDAQ:AMGN). Secor Capital Advisors LP holds 18,255 shares or 0.29% of its portfolio. (NASDAQ:AMGN). The Alabama-based Mitchell Mcleod Pugh Williams has invested 0.67% in Amgen, Inc. (NASDAQ:AMGN)'s stock has been 13.90% and 10.39% for the last 12 months.

Amgen Inc. (NASDAQ:AMGN) tinted loss of -0.19% (-0.36 points) to US$185.46.

Among 22 analysts covering Amgen Inc. Also included in the list of buyers for the last 3 months Frank Biondi who executed a direct buy for 1,230 shares on May 1, 2017.Director Carbonnel Francois De bought 1230 shares on May 1, 2017, bringing his total number of shares held to 19841. Therefore 50% are positive. Amgen Inc. had 64 analyst reports since August 3, 2015 according to SRatingsIntel. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 11 Hold. The firm earned "Buy" rating on Thursday, September 3 by JP Morgan. The rating was maintained by Cowen & Co with "Buy" on Thursday, July 20. In this case performance of tends to percentage rate of return for a stock for a given time frame. (NASDAQ:AMGN) earned "Buy" rating by Oppenheimer on Monday, June 19. As per Tuesday, December 15, the company rating was upgraded by Morgan Stanley. (NASDAQ:AMGN) on Sunday, August 27 with "Buy" rating. Scotia Capital maintained Endeavour Mining Corp (TSE:EDV) rating on Tuesday, November 8. Oppenheimer maintained the stock with "Buy" rating in Wednesday, August 16 report. The company was initiated on Friday, February 5 by Leerink Swann.

Since May 24, 2017, it had 0 buys, and 2 insider sales for $1.02 million activity. Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and issued a $203.00 price objective (up previously from $189.00) on shares of Amgen in a research note on Wednesday, July 26th. On Wednesday, May 24 the insider Patton Cynthia M sold $451,164.

Brave Asset Management Inc. boosted its holdings in Amgen Inc.

AMGN has been the topic of several other research reports. EXPO's profit would be $10.82 million giving it 44.82 P/E if the $0.42 EPS is correct. After posting $3.27 EPS for the previous quarter, Amgen, Inc.'s analysts now forecast -6.12 % negative EPS growth.

Mariner Wealth Advisors Llc increased Oneok Inc New (NYSE:OKE) stake by 17,256 shares to 49,181 valued at $2.57M in 2017Q2. Intra (NASDAQ:ITCI) was raised too.

Investors sentiment decreased to 0.98 in Q2 2017. Its the same as in 2017Q1. 914,968 shares or 3.95% more from 880,240 shares in 2017Q1 were reported. Wells Fargo & Co Mn holds 0% of its portfolio in Ecology and Environment (NASDAQ:EEI) for 1 shares. The Miracle Mile Advisors Llc holds 1,254 shares with $216,000 value, down from 3,267 last quarter. The Arkansas-based Meridian Mngmt has invested 1.32% in Amgen, Inc. Carret Asset Mgmt Limited Com stated it has 0.16% in Amgen, Inc. Twin Tree L P, Texas-based fund reported 14,740 shares. Pekin Singer Strauss Asset Management Il owns 43,973 shares. Royal Bancshares Of Canada invested 0% in Ecology and Environment (NASDAQ:EEI).

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