BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) has achieved a consensus âBuyâ rating from the twenty rating companies that currently cover the company, reports MarketBeat Ratings. Six research analysts rated the stock with a keep recommendation and nine gave the company a buy recommendation. The one-year average price target among brokerage firms that updated their equity coverage in the past year is $ 115.81.
BMRN has been the subject of several analyst reports. SVB Leerink launched coverage on shares of BioMarin Pharmaceutical in a report on Sunday, July 11. They set a “buy” rating and a price target of $ 83.62 for the company. Credit Suisse Group assumed coverage of BioMarin Pharmaceutical shares in a report released on Monday April 26. They set an “outperformance” rating and a price target of $ 102.00 for the company. Morgan Stanley lowered its price target for BioMarin Pharmaceutical shares from $ 85.00 to $ 82.00 and set an “equal weight” rating for the company in a report released on Monday, April 19. Finally, Wedbush reissued a “buy” note and set a price target of $ 141.00 on shares of BioMarin Pharmaceutical in a report released Friday.
Shares of BioMarin Pharmaceutical opened at $ 78.84 on Monday. The company has a fifty-day moving average of $ 80.31. The company has a market cap of $ 14.41 billion, a P / E ratio of 131.40, a PEG ratio of 23.87 and a beta of 0.58. BioMarin Pharmaceutical has a fifty-two week low of $ 71.35 and a fifty-two week high of $ 131.95. The company has a current ratio of 5.32, a quick ratio of 3.66 and a debt ratio of 0.26.
BioMarin Pharmaceutical (NASDAQ: BMRN) last released its quarterly earnings data on Wednesday April 28. The biotech company reported EPS of $ 0.09 for the quarter, beating analyst consensus estimates of $ 0.07 by $ 0.02. The company posted revenue of $ 486.03 million in the quarter, compared to a consensus estimate of $ 445.44 million. BioMarin Pharmaceutical had a net margin of 43.11% and a return on equity of 2.77%. As a group, analysts expect BioMarin Pharmaceutical to post earnings per share of 0.1 for the current year.
In other news, CEO Jean Jacques Bienaime sold 25,000 shares of BioMarin Pharmaceutical in a transaction that took place on Friday, May 7. The shares were sold at an average price of $ 78.12, for a total trade of $ 1,953,000.00. Following the completion of the sale, the CEO now owns 303,839 shares of the company, valued at approximately $ 23,735,902.68. The sale was disclosed in a file with the SEC, accessible through this link. Additionally, CFO Brian Mueller sold 6,709 shares of BioMarin Pharmaceutical in a trade that took place on Friday, May 7. The stock was sold for an average price of $ 79.50, for a total trade of $ 533,365.50. As a result of the sale, the CFO now owns 31,357 shares of the company, valued at approximately $ 2,492,881.50. Disclosure of this sale can be found here. Insiders have sold a total of 59,963 shares of the company valued at $ 4,700,861 in the past 90 days. Company insiders own 1.69% of the company’s shares.
Several large investors have recently changed their holdings in BMRN. Freedman Financial Associates Inc. acquired a new equity interest in BioMarin Pharmaceutical during the 4th quarter for a value of approximately $ 33,000. Steward Partners Investment Advisory LLC increased its stake in BioMarin Pharmaceutical by 189.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 425 shares of the biotech company valued at $ 37,000 after purchasing an additional 278 shares during the period. Sierra Capital LLC acquired a new position in BioMarin Pharmaceutical during the first quarter, valued at approximately $ 38,000. Bessemer Group Inc. increased its stake in BioMarin Pharmaceutical by 1,621.6% during the first quarter. Bessemer Group Inc. now owns 637 shares of the biotech company valued at $ 49,000 after purchasing an additional 600 shares during the period. Finally, Berman Capital Advisors LLC increased its stake in BioMarin Pharmaceutical by 600.0% during the fourth quarter. Berman Capital Advisors LLC now owns 581 shares of the biotech company valued at $ 50,000 after purchasing an additional 498 shares during the period. Institutional investors hold 95.67% of the company’s shares.
Profile of the pharmaceutical company BioMarin
BioMarin Pharmaceutical Inc develops and markets therapies for people with rare diseases and serious and life-threatening medical conditions. Its commercial products include Aldurazyme to treat mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Kuvan, a proprietary synthetic oral form of 6R-BH4 which is used to treat patients with phenylketonuria (PKU), an inherited metabolic disease.
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