Mizuho Securities analyst Salim Syed maintained a Hold rating on Amgen (AMGN) today and set a price target of $215.00. The company’s shares closed last Thursday at $206.04.
According to TipRanks.com, Syed is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.3% and a 43.1% success rate. Syed covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Coherus Biosciences, and Unity Biotechnology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amgen with a $246.56 average price target, representing a 25.6% upside. In a report issued on March 31, Wolfe Research also initiated coverage with a Hold rating on the stock with a $218.00 price target.
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The company has a one-year high of $245.00 and a one-year low of $166.31. Currently, Amgen has an average volume of 3.18M.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMGN in relation to earlier this year.
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Amgen, Inc. is a biotechnology company, which engages in the discovery, development, manufacture and marketing of human therapeutics. Its products include the following brands: Aranesp, BLINCYTO, Corlanor, ENBREL, EPOGEN, IMLYGIC, KYPROLIS, Neulasta, NEUPOGEN, Nplate, Parsabiv, Prolia, Repatha, Sensipar, Vectibix, and XGEVA. The company was founded by William K. Bowes, Jr., Franklin Pitcher Johnson, Jr., George B. Rathmann and Joseph Rubinfeld on April 8, 1980 and is headquartered in Thousand Oaks, CA.
