Boom or Bust? Is there any value in Biogen Inc. (NASDAQ:BIIB)?

Lloyd Doyle
October 24, 2017

It now has negative earnings. Cmn (BIIB) stake by 6.53% reported in 2017Q2 SEC filing. Insider ownership during the latest quarter increased by a net of 1793 shares, indicating that BIIB's key executives are feeling more bullish about the stock than they did three months ago. For the last period, the company reported quarter over quarter EPS growth of -15.00% and quarter over quarter sales growth of 6.40%. Biogen Inc. Cmn now has $71.49 billion valuation. The expected BIIB's profit could reach $1.19 billion giving the stock 14.64 P/E in the case that $5.61 earnings per share is reported. About 49,401 shares traded.

Biogen (NASDAQ:BIIB) last released its earnings results on Tuesday, July 25th. It has underperformed by 11.76% the S&P500. State Teachers Retirement Systems has invested 0% in Vicor Corp (NASDAQ:VICR). Its down 0.16, from 1.04 in 2017Q1. It worsened, as 81 investors sold BIIB shares while 321 reduced holdings. Given that its average daily volume over the 30 days has been 29.6 million shares a day, this signifies a pretty significant change over the norm. First Mercantile Trust has invested 0.28% of its portfolio in Biogen Inc (NASDAQ:BIIB). Independent Portfolio Consultants Inc. lifted its position in shares of Biogen by 93.2% during the second quarter. Company shares are trading at $329.26 which is just over the 50 day moving average which is $324.65 and quite a bit higher than the 200 day moving average of $285.82. 115,468 are held by Tocqueville Asset Lp. Tiaa Cref Limited Liability accumulated 47,869 shares. Parametric Portfolio Associate Limited Liability Com holds 0.24% or 732,438 shares. Principal Grp Inc Inc holds 414,821 shares or 0.11% of its portfolio. Among holders that decreased their positions, 90 sold out of the stock Biogen Inc. (SCOR) has 0.00% since October 23, 2016 and is. Lenox Wealth Management holds 0% or 29 shares in its portfolio.

Investors sentiment decreased to 0.88 in 2017 Q2. Benjamin F Edwards Communications accumulated 413 shares or 0% of the stock. Waddell And Reed Fincl has invested 0.09% in Biogen Inc (NASDAQ:BIIB). On average, equities analysts predict that Biogen will post $21.63 earnings per share for the current fiscal year. Twelve analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Therefore 63% are positive.

Analysts expect Biogen Inc. On October 23 the stock rating was downgraded to "Neutral" from "Buy" in a report issued by Citigroup. Finally, Mizuho restated a neutral rating and issued a $319.00 price objective (up previously from $274.00) on shares of Biogen in a research note on Wednesday, September 13th.

BIIB has been the topic of several research analyst reports. Jefferies initiated Biogen Inc (NASDAQ:BIIB) rating on Wednesday, September 9. The rating was upgraded by Bernstein on Monday, July 27 to "Outperform". The firm has "Overweight" rating given on Friday, December 18 by Atlantic Securities. The firm has "Market Perform" rating by BMO Capital Markets given on Wednesday, July 26. Home Depot Inc. The (NYSE:HD) was reduced too.

Since May 15, 2017, it had 1 buying transaction, and 1 insider sale for $307,000 activity. Another trade for 1,402 shares valued at $380,433 was bought by Vounatsos Michel. The shares were sold at an average price of $290.01, for a total transaction of $1,442,509.74. Advisor Ptnrs Lc holds 4,511 shares or 0.29% of its portfolio. Institutional investors own 86.34% of the company's stock. Sell-side analysts have also provided a consensus recommendation of 2.10 on company shares. Credit Suisse Ag has invested 0.01% of its portfolio in Old Republic International Corporation (NYSE:ORI). Iconix Brand Group Inc (ICON) has declined 13.52% since October 22, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. Winfield Associates Inc. now owns 467 shares of the biotechnology company's stock worth $128,000 after purchasing an additional 67 shares during the last quarter.

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