Published: Sun, January 14, 2018
Research | By Jody Lindsey

Amgen (AMGN) Stock Rating Reaffirmed by Piper Jaffray Companies


Evergreen Capital Management Llc who had been investing in America Movil Sab De Cv for a number of months, seems to be less bullish one the $80.72 billion market cap company. The stock increased 0.42% or $0.22 during the last trading session, reaching $52.42. Waverton Investment Management Ltd increased its stake in shares of Amgen by 4.3% in the second quarter.

Amgen Inc. (AMGN) is an interesting player in the Healthcare space, with a focus on Biotechnology. It has outperformed by 149.64% the S&P500.

Laffer Investments decreased its stake in Amgen Inc (AMGN) by 1.63% based on its latest 2017Q3 regulatory filing with the SEC. This buyback authorization authorizes the medical research company to buy shares of its stock through open market purchases. The South Dakota Investment Council holds 79,400 shares with $3.42M value, up from 50,800 last quarter. The firm earned $5.97 billion during the quarter, compared to analyst estimates of $5.75 billion. During last 3 month period, 0.02% of total institutional ownership has changed in the company shares. The shares were sold at an average price of $173.61, for a total value of $694,440.00. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 10, 2017 and is uptrending. It has underperformed by 11.43% the S&P500. (NYSE:AIG) to report earnings on February, 8 after the close. During the same quarter in the previous year, the business earned $3.02 EPS. After $3.27 actual earnings per share reported by Amgen Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth.

Analysts await Amgen Inc.

Investors sentiment decreased to 2.28 in Q3 2017. Its down 0.16, from 1.15 in 2017Q2. Mizuho set a $192.00 target price on shares of Amgen and gave the company a buy rating in a report on Friday, December 22nd. 78 funds opened positions while 211 raised stakes. Aspen Inv Management owns 4,727 shares for 0.54% of their portfolio. Fiduciary Financial Ser Of The Southwest Tx stated it has 10,558 shares. Brown Advisory Secs Limited Liability holds 0.56% in Amgen Inc. (NYSE:BRO) for 13,662 shares. Over the last five days, shares have managed 1.33% gains and now is up 5.55% since hitting its 200-day moving average of $177.1. Wendell David holds 12,300 shares. Jpmorgan Chase & holds 0.14% or 3.45M shares. Savant Cap Lc holds 4,441 shares. Tower Rech Capital Lc (Trc) invested 0.07% in Amgen Inc. (NYSE:BRO) for 198,477 shares. Goldman Sachs Gp invested in 162,726 shares or 0% of the stock. The legal version of this story can be viewed at https://registrarjournal.com/2018/01/13/zweig-dimenna-associates-llc-takes-position-in-amgen-inc-amgn.html. Opus Invest Mgmt Inc has 35,600 shares. (NYSE:BRO). First Eagle Inv Ltd Company invested in 7.26 million shares. Therefore 0 are positive. As per Thursday, November 5, the company rating was upgraded by Piper Jaffray. Bernstein initiated the stock with "Market Perform" rating in Wednesday, June 29 report. The stock has "Buy" rating by Vetr on Friday, August 21. The firm has "Buy" rating by Mizuho given on Sunday, October 29. UBS maintained Amgen Inc. As per Thursday, July 20, the company rating was maintained by Cowen & Co. The business's quarterly revenue was down.7% on a year-over-year basis. The stock has "Buy" rating by Guggenheim on Friday, August 11. On Wednesday, November 8 the stock rating was maintained by Credit Suisse with "Outperform".

Two Sigma Advisers LP reduced its stake in Amgen Inc. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the company's stock. Therefore 46% are positive. Amgen Inc. had 74 analyst reports since August 3, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with "Buy" rating and $5400 target in Monday, July 17 report. (NASDAQ:AMGN) has "Overweight" rating given on Tuesday, December 15 by Morgan Stanley. Oppenheimer maintained it with "Buy" rating and $203.0 target in Wednesday, August 16 report.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Scott Selber has invested 1.68% of its portfolio in Amgen Inc. The company has a market capitalization of $134,320.00, a P/E ratio of 16.72, a PEG ratio of 2.66 and a beta of 1.36. The stock has "Overweight" rating by Morgan Stanley on Thursday, October 26.

Since October 9, 2017, it had 0 insider buys, and 2 selling transactions for $553,240 activity.

Perhaps, that suggests something about why 0.37% of the outstanding share supply is held by institutional investors. Its up 0.66, from 1.41 in 2017Q2. The funds in our partner's database now have: 555.05 million shares, down from 557.32 million shares in 2017Q2. Dock Street Asset Mngmt Inc reported 14.26% stake. Van Strum & Towne Inc., a California-based fund reported 39,062 shares.#img1#. Company insiders own 0.19% of the company's stock. The stock's average target of $190.44 is 4.49% above today's ($182.26) share price. Gabelli initiated Amgen Inc. (NASDAQ:AMGN) or 13,848 shares. State Farm Mutual Automobile Insurance Communications reported 3.26 million shares. Argus Research downgraded the shares of AMGN in report on Wednesday, November 1 to "Hold" rating. Following the transaction, the executive vice president now owns 56,106 shares of the company's stock, valued at approximately $9,921,223.98. Schroder Investment Mngmt invested 0.79% in Amgen Inc.

Several equities research analysts recently weighed in on AMGN shares. Wisconsin-based Legacy has invested 0.43% in Amgen Inc. (NASDAQ:AMGN). Timber Creek Mgmt Ltd Liability reported 18,387 shares stake. Citigroup reported 852,105 shares.

Laffer Investments, which manages about $614.32M and $378.86B US Long portfolio, upped its stake in Ishares 1 (CSJ) by 54 shares to 3,288 shares, valued at $346.39 million in 2017Q3, according to the filing.

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