UBS Upgrades Rating On Biogen Inc. (BIIB) To "Buy"

Jay Anderson
June 20, 2017

The stock increased 4.71% or $0.021 on June 19, reaching $0.46. About 1.34M shares traded. American Airlines Group Inc (NASDAQ:AAL) has risen 40.65% since June 20, 2016 and is uptrending. It has outperformed by 75.66% the S&P500. $2.88M worth of Biogen Inc (NASDAQ:BIIB) was sold by Clancy Paul J. The insider Posner Brian S sold 1,084 shares worth $277,840.

In other Biogen news, Director Brian S. Posner sold 1,084 shares of the firm's stock in a transaction on Friday, June 9th. Biogen Inc now has $53.92 billion valuation.

The stock increased 3.50% or $8.8 during the last trading session, reaching $260.54.

About 129,194 shares traded. Intevac, Inc. (NASDAQ:IVAC) has risen 164.58% since June 20, 2016 and is uptrending. AK Steel has underperformed since topping out at a five-year high of $11.39 in December, and while they seemingly bottomed near $5.30 a month ago, they're now struggling to overcome their 320-day moving average. Gateway Invest Advisers Ltd has 151,785 shares. It also upped United Contl Hldgs Inc (NYSE:UAL) stake by 11,682 shares and now owns 36,110 shares.

Investors sentiment decreased to 0.92 in 2016 Q4. The short-interest ratio increased to 1.7 and the percentage of shorted shares is 0.01% as of May 15. Parametric Portfolio Assocs Ltd invested in 771,167 shares. 93 funds opened positions while 304 raised stakes. The biotechnology company reported $5.20 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $4.97 by $0.23. Factory Mutual Insur Co holds 0.36% or 104,700 shares in its portfolio. Dorsey Whitney Limited Liability Com reported 12,730 shares. Exxonmobil Investment Mgmt Tx reported 0.32% of its portfolio in Biogen Inc (NASDAQ:BIIB). 4,773 shares were sold by KLAUSMEYER KEVIN, worth $93,312 on Monday, February 27. Ajo LP has invested 0.3% in Biogen Inc (NASDAQ:BIIB). 20,555 were accumulated by Ibm Retirement Fund. 9,713 were accumulated by Fayez Sarofim Co.

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Biogen (NASDAQ:BIIB) last announced its quarterly earnings data on Tuesday, April 25th.

Biogen (NASDAQ:BIIB) last posted its earnings results on Tuesday, April 25th. Services Automobile Association holds 232,153 shares. The Kansas-based First Commercial Bank Of Hutchinson has invested 0.38% in Biogen Inc (NASDAQ:BIIB). The New York-based Tower Rech Cap Ltd Liability Corp (Trc) has invested 0.01% in Biogen Inc (NASDAQ:BIIB). Fifth Third Bank holds 90,555 shares or 0.23% of its portfolio. Voya Investment Mgmt Ltd Liability Com owns 876,591 shares. It worsened, as 90 investors sold Biogen Inc shares while 341 reduced holdings. Twelve research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Therefore 60% are positive. The stock presently has an average rating of "Buy" and an average target price of $330.18. As per Wednesday, August 17, the company rating was maintained by Morgan Stanley. On November 7 the stock rating was upgraded to "Outperform" from "Market Perform" by analysts at Leerink Swann. The boost from the old "Sell" rating is certainly an interesting one. TheStreet raised shares of Biogen from a "c+" rating to a "b-" rating in a report on Tuesday, February 21st. On Monday, July 27 the stock rating was upgraded by Bernstein to "Outperform". Biogen Idec Inc. had 42 analyst reports since July 23, 2015 according to SRatingsIntel. H.C. Wainwright maintained Biogen Inc (NASDAQ:BIIB) on Thursday, October 22 with "Buy" rating. Finally, Cantor Fitzgerald reissued a "hold" rating and issued a $277.00 price objective on shares of Biogen in a research note on Thursday, May 25th.

Since January 9, 2017, it had 2 insider purchases, and 5 sales for $4.84 million activity. Also, CEO Michel Vounatsos acquired 1,402 shares of the stock in a transaction dated Monday, May 1st. Bienville Capital Management LLC now owns 861 shares of the biotechnology company's stock worth $244,000 after buying an additional 6 shares during the period. Sandrock Alfred had sold 1,981 shares worth $542,952. Shares for $2.88M were sold by Clancy Paul J on Monday, March 13. It dived, as 28 investors sold CALD shares while 45 reduced holdings. 37 funds opened positions while 96 raised stakes. (NASDAQ:CALD) was sold by Duan Jimmy C. Another trade for 57,000 shares valued at $1.17 million was made by Stretch Leslie on Wednesday, February 15.

Investors sentiment decreased to 0.98 in Q4 2016. Ontario Teachers Pension Plan Board accumulated 41,771 shares. Doheny Asset Ca owns 0.42% invested in Callidus Software Inc. Aviance Capital Ptnrs Llc reported 3,233 shares. Acadian Asset Management Limited Co accumulated 10,434 shares or 0.01% of the stock. Bienville Capital Management LLC raised its stake in Biogen by 0.7% in the fourth quarter. 126,044 were accumulated by Davenport And Company Limited Liability. After $0.16 actual EPS reported by Investors Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. (NASDAQ:CALD). Cambridge invested in 0.04% or 35,398 shares.

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