Amgen (AMGN) Gets a Hold Rating from Leerink Partners

In a report issued on May 28, Geoff Porges from Leerink Partners maintained a Hold rating on Amgen (AMGNResearch Report). The company’s shares closed last Tuesday at $233.58.

According to TipRanks.com, Porges is a 3-star analyst with an average return of 3.8% and a 46.4% success rate. Porges covers the Healthcare sector, focusing on stocks such as Alexion Pharmaceuticals, Vertex Pharmaceuticals, and Theravance Biopharma.

Amgen has an analyst consensus of Moderate Buy, with a price target consensus of $245.80, which is a 1.5% upside from current levels. In a report issued on May 28, Mizuho Securities also maintained a Hold rating on the stock with a $200.00 price target.

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Amgen’s market cap is currently $134.2B and has a P/E ratio of 19.70. The company has a Price to Book ratio of -6.42.

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Founded in 1980, California-based Amgen, Inc. is one of the world’s leading biotechnology companies, which is engaged in the discovery, development, manufacture and marketing of human therapeutics. It primarily focuses on inflammation, oncology/hematology, bone health, cardiovascular disease, nephrology and neuroscience areas.