Neurocrine Biosciences (NASDAQ:NBIX) had its price target increased by stock analysts at Deutsche Bank to $97.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 13.61% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Oppenheimer set a $100.00 target price on Neurocrine Biosciences and gave the stock a “buy” rating in a report on Wednesday. Barclays reiterated an “overweight” rating and set a $100.00 price objective on shares of Neurocrine Biosciences in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Neurocrine Biosciences from $79.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. BidaskClub upgraded Neurocrine Biosciences from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Finally, Citigroup reiterated a “buy” rating and set a $79.00 price objective on shares of Neurocrine Biosciences in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Neurocrine Biosciences currently has a consensus rating of “Buy” and a consensus price target of $89.53.

Shares of Neurocrine Biosciences (NBIX) traded up $1.69 on Wednesday, reaching $85.38. The company’s stock had a trading volume of 1,680,000 shares, compared to its average volume of 1,030,000. The company has a debt-to-equity ratio of 1.05, a quick ratio of 14.37 and a current ratio of 14.38. Neurocrine Biosciences has a 12-month low of $39.21 and a 12-month high of $91.82. The company has a market capitalization of $7,560.00, a PE ratio of -38.46, a P/E/G ratio of 6.41 and a beta of 0.26.

Neurocrine Biosciences (NASDAQ:NBIX) last issued its earnings results on Tuesday, February 13th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.11). The business had revenue of $94.52 million during the quarter, compared to analysts’ expectations of $94.00 million. During the same quarter in the prior year, the business posted ($0.51) EPS. equities analysts expect that Neurocrine Biosciences will post -1.48 earnings per share for the current fiscal year.

In related news, insider Dimitri E. Grigoriadis sold 86,368 shares of Neurocrine Biosciences stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $78.32, for a total value of $6,764,341.76. Following the sale, the insider now owns 154,717 shares of the company’s stock, valued at approximately $12,117,435.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary A. Lyons sold 10,000 shares of Neurocrine Biosciences stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $72.92, for a total value of $729,200.00. Following the completion of the sale, the director now directly owns 272,066 shares in the company, valued at approximately $19,839,052.72. The disclosure for this sale can be found here. In the last three months, insiders sold 337,950 shares of company stock worth $26,613,876. 4.80% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Crow Point Partners LLC acquired a new stake in Neurocrine Biosciences in the 4th quarter valued at approximately $145,000. American International Group Inc. acquired a new stake in Neurocrine Biosciences in the 4th quarter valued at approximately $161,000. M&T Bank Corp acquired a new stake in Neurocrine Biosciences in the 4th quarter valued at approximately $202,000. Mission Wealth Management LP acquired a new stake in Neurocrine Biosciences in the 4th quarter valued at approximately $204,000. Finally, The Manufacturers Life Insurance Company raised its position in Neurocrine Biosciences by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,665 shares of the company’s stock valued at $123,000 after buying an additional 193 shares during the last quarter.

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Neurocrine Biosciences Company Profile

Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.

Analyst Recommendations for Neurocrine Biosciences (NASDAQ:NBIX)

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