Analysts Update Their Price Forecasts For AMGEN Inc (AMGN)

AMGEN Inc (AMGN) concluded trading on Wednesday at a closing price of $287.87, with 4.47 million shares of worth about $1.29 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.96% during that period and on November 20, 2024 the price saw a gain of about 2.83%. Currently the company’s common shares owned by public are about 537.53M shares, out of which, 536.14M shares are available for trading.

Stock saw a price change of -4.50% in past 5 days and over the past one month there was a price change of -9.94%. Year-to-date (YTD), AMGN shares are showing a performance of -0.05% which increased to 8.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $260.52 but also hit the highest price of $346.85 during that period. The average intraday trading volume for AMGEN Inc shares is 2.10 million. The stock is currently trading -6.75% below its 20-day simple moving average (SMA20), while that difference is down -9.50% for SMA50 and it goes to -5.90% lower than SMA200.

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AMGEN Inc (NASDAQ: AMGN) currently have 537.53M outstanding shares and institutions hold larger chunk of about 78.01% of that.

The stock has a current market capitalization of $154.74B and its 3Y-monthly beta is at 0.56. PE ratio of stock for trailing 12 months is 36.86, while it has posted earnings per share of $7.81 in the same period. Its PEG reads 7.37 and has Quick Ratio of 0.96 while making debt-to-equity ratio of 8.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMGN, volatility over the week remained 2.77% while standing at 2.42% over the month.

Stock’s fiscal year EPS is expected to rise by 4.95% while it is estimated to increase by 5.88% in next year. EPS is likely to grow at an annualized rate of 5.00% for next 5-years, compared to annual growth of -0.22% made by the stock over the past 5-years.

Coverage by Citigroup stated AMGEN Inc (AMGN) stock as a Neutral in their note to investors on November 14, 2024, suggesting a price target of $335 for the stock. On October 17, 2024, Bernstein Initiated their recommendations, while on October 14, 2024, Truist Downgrade their ratings for the stock with a price target of $333. Stock get an Overweight rating from Cantor Fitzgerald on September 27, 2024.

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