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.
Investment analysts gave a few price targets for BIIB. The most optimistic price target was 442, implying a possible profit of 53.5 percent. The most pessimistic analyst gave a price target of 270, which equates to a potential downside 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. The average change in earnings estimates over the last 90 days is 0.47 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.59 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.34 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 9 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
The growth rate of BIIB's earnings is estimated by analysts to be 35.26 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. BIIB has a PEG ratio of 0.54.
BIIB has traded between a high of 307.33 and a low of 244.28 over the past year. Currently the stock is 17.88 percent higher than its low, 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 market cap of BIIB is $63.15 billion. BIIB will post this quarters earnings in days, on 0000-00-00.