Analyst Ratings for Biogen Inc. (BIIB)Updated: 2017-07-28
An average rating of Overweight has been given to Biogen Inc. (NASDAQ:BIIB) by analysts covering the stock. A consensus rating of Overweight was previously issued for BIIB last month.
30 analysts issued ratings on the stock, where 16 gave BIIB a buy rating, 3 gave an overweight rating, 11 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has decreased by 1.
A number of analysts gave price targets for BIIB. The maximum price target given was 442, implying a possible profit of 53.5 percent. The lowest price target was 270, implying a possible loss of -6.23 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0.47 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.47 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.59 percent. If we look at the last 90 days instead, we find a net average change of 1.34 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 9 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their estimates.
Analysts estimate earnings of BIIB to grow at a rate of 35.26 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of BIIB is 0.54.
BIIB has a 52-week high of 307.33 and a 52-week low of 244.28. The current market price is above the trailing year's low by 17.88 percent, and 6.31 percent lower than its 52-week high. BIIB has a price/earnings ratio of 18.91. Investors typically compare the P/E ratio to a company's peers in the industry. The BIIB value stock report compares BIIB to some of its peers using value stock charts. The stock has a market capitalization of $63.15 billion. BIIB is estimated to release their earnings results for the quarter on 0000-00-00, days from today.