Regeneron (REGN) Gets a Hold Rating from Cowen & Co.


Cowen & Co. analyst Yaron Werber maintained a Hold rating on Regeneron (REGN) on July 28 and set a price target of $584.00. The company’s shares closed last Friday at $620.21, close to its 52-week high of $664.64.

According to TipRanks.com, Werber is a 5-star analyst with an average return of 22.8% and a 71.4% success rate. Werber covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals, Ionis Pharmaceuticals, and Akcea Therapeutics.

Regeneron has an analyst consensus of Moderate Buy, with a price target consensus of $650.94, a 4.8% upside from current levels. In a report issued on July 15, Morgan Stanley also maintained a Hold rating on the stock with a $619.00 price target.

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The company has a one-year high of $664.64 and a one-year low of $271.37. Currently, Regeneron has an average volume of 1.19M.

Based on the recent corporate insider activity of 103 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 REGN in relation to earlier this year. Most recently, in May 2020, George Sing, a Director at REGN sold 5,000 shares for a total of $2,900,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Regeneron Pharmaceuticals, Inc. is a biotechnology company, which engages in the discovery, invention, development, manufacture, and commercialization of medicines. It product portfolio includes the following brands: EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP. The company was founded by Alferd G. Gilman, Leonard S. Schleifer, and Eric M. Shooter on January 8, 1988 and is headquartered in Tarrytown, NY.

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