Agios Pharmaceuticals, Inc. (AGIO) PT Set at $80.00 by SunTrust Banks, Inc.
Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) has been assigned a $80.00 price objective by equities researchers at SunTrust Banks, Inc. in a report released on Sunday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. SunTrust Banks, Inc.’s target price would indicate a potential upside of 34.14% from the stock’s previous close.
Other research analysts have also issued reports about the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $83.00 price target (up from $75.00) on shares of Agios Pharmaceuticals in a report on Thursday, August 10th. J P Morgan Chase & Co reiterated a “buy” rating and set a $76.00 price target on shares of Agios Pharmaceuticals in a report on Monday, September 18th. Royal Bank Of Canada assumed coverage on Agios Pharmaceuticals in a report on Thursday, September 14th. They set an “outperform” rating and a $78.00 price target for the company. Leerink Swann upgraded Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $50.00 to $80.00 in a report on Wednesday, August 2nd. Finally, Janney Montgomery Scott reiterated a “hold” rating on shares of Agios Pharmaceuticals in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.70.
Agios Pharmaceuticals (AGIO) opened at $59.64 on Friday. Agios Pharmaceuticals has a 1-year low of $39.24 and a 1-year high of $72.73.
Agios Pharmaceuticals (NASDAQ:AGIO) last issued its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($1.59) EPS for the quarter, topping analysts’ consensus estimates of ($1.78) by $0.19. Agios Pharmaceuticals had a negative return on equity of 69.64% and a negative net margin of 506.39%. The company had revenue of $11.35 million during the quarter, compared to analyst estimates of $10.85 million. During the same period in the previous year, the company earned ($1.63) earnings per share. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. equities analysts predict that Agios Pharmaceuticals will post -6.59 EPS for the current year.
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In other news, CEO David P. Schenkein sold 6,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $62.20, for a total transaction of $373,200.00. Following the sale, the chief executive officer now owns 6,000 shares in the company, valued at $373,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Biller sold 2,146 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $61.99, for a total value of $133,030.54. Following the sale, the insider now owns 8,410 shares in the company, valued at approximately $521,335.90. The disclosure for this sale can be found here. Insiders sold 182,908 shares of company stock worth $12,391,239 over the last quarter. Company insiders own 10.55% of the company’s stock.
Several hedge funds have recently made changes to their positions in AGIO. Teachers Advisors LLC grew its holdings in shares of Agios Pharmaceuticals by 2.3% during the first quarter. Teachers Advisors LLC now owns 30,258 shares of the biopharmaceutical company’s stock worth $1,767,000 after purchasing an additional 666 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Agios Pharmaceuticals by 209.2% during the first quarter. Legal & General Group Plc now owns 10,011 shares of the biopharmaceutical company’s stock worth $585,000 after purchasing an additional 6,773 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Agios Pharmaceuticals by 8,463.5% during the first quarter. BlackRock Inc. now owns 2,167,074 shares of the biopharmaceutical company’s stock worth $126,556,000 after purchasing an additional 2,141,768 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Agios Pharmaceuticals by 9.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 83,327 shares of the biopharmaceutical company’s stock worth $4,867,000 after purchasing an additional 7,158 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in shares of Agios Pharmaceuticals during the second quarter worth $206,000. Institutional investors own 92.64% of the company’s stock.
About Agios Pharmaceuticals
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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