Regeneron (REGN) Gets a Hold Rating from Canaccord Genuity

By Ryan Adsit

In a report released today, John Newman from Canaccord Genuity maintained a Hold rating on Regeneron (REGNResearch Report), with a price target of $320.00. The company’s shares closed last Monday at $285.10, close to its 52-week low of $271.37.

According to TipRanks.com, Newman is ranked #384 out of 5540 analysts.

Regeneron has an analyst consensus of Moderate Buy, with a price target consensus of $368.86, representing a 31.5% upside. In a report released yesterday, Cowen & Co. also maintained a Hold rating on the stock with a $349.00 price target.

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Regeneron’s market cap is currently $31.33B and has a P/E ratio of 15.85. The company has a Price to Book ratio of 3.21.

Based on the recent corporate insider activity of 38 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.

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.