Regeneron (REGN) Receives a Hold from Cowen & Co.

Cowen & Co. analyst Yaron Werber maintained a Hold rating on Regeneron (REGNResearch Report) today and set a price target of $349. The company’s shares closed last Monday at $304.40, close to its 52-week low of $287.66.

According to TipRanks.com, Werber is a 4-star analyst with an average return of 10.7% and a 60.7% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Inc., Rocket Pharmaceuticals Inc, and Prevail Therapeutics Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Regeneron with a $374.44 average price target, a 25.6% upside from current levels. In a report issued on August 6, J.P. Morgan also maintained a Hold rating on the stock.

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The company has a one-year high of $442 and a one-year low of $287.66. Currently, Regeneron has an average volume of 819K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.

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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.