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NASDAQ:AMGN

Amgen (AMGN) Stock Price, News & Analysis

$305.99
+2.71 (+0.89%)
(As of 06/18/2024 ET)
Today's Range
$302.02
$306.48
50-Day Range
$262.75
$319.04
52-Week Range
$218.44
$329.72
Volume
2.17 million shs
Average Volume
2.74 million shs
Market Capitalization
$164.14 billion
P/E Ratio
43.71
Dividend Yield
2.94%
Price Target
$305.85

Amgen MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
0.0% Downside
$305.85 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.42
Upright™ Environmental Score
News Sentiment
0.84mentions of Amgen in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$662,812 Sold Last Quarter
Proj. Earnings Growth
5.60%
From $19.47 to $20.56 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Medical Sector

60th out of 913 stocks

Biological Products, Except Diagnostic Industry

6th out of 152 stocks

AMGN stock logo

About Amgen Stock (NASDAQ:AMGN)

Amgen Inc. is a multinational biopharmaceutical company headquartered in Thousand Oaks, California. Established in 1980 by William Bowes from Cetus Corporation and Winston Salser from UCLA, Amgen is now one of the world's largest independent biotechnology companies, with over 24,000 employees worldwide. The company's primary focus is on molecular biology and biochemistry, intending to provide healthcare solutions based on recombinant DNA technology.

Neulasta, one of Amgen's most prominent selling product lines, is used to prevent infections in patients undergoing cancer chemotherapy. Enbrel is another famous selling product line for Amgen, used in the treatment of rheumatoid arthritis and other autoimmune diseases. The company's other products have various applications in treating cancer, anemia, osteoporosis and other conditions.

Amgen has a rich history of strong leadership, with the appointment of several successful CEOs since its inception. Robert A. Bradway is the current CEO and was brought to Amgen in May 2012 following his predecessor's retirement. Bradway has led the company to new heights with strategic acquisitions and partnerships.

Amgen has made at least five major corporate acquisitions. In 2019, the company announced it would acquire Nuevolution AB and the Otezla drug program from Celgene and a 20.5% stake in the Beijing-based BeiGene for $2.7 billion. These acquisitions have strengthened Amgen's drug pipeline and provided new revenue streams for the company. In March 2021, Amgen announced its plans to acquire Five Prime Therapeutics and its lead research drug candidate, bemarituzumab, for $1.9 billion. It also agreed to acquire Rodeo Therapeutics for up to $720 million. These acquisitions are part of the company's ongoing efforts to expand its drug pipeline and bring new treatments to patients.

In 2012, Amgen faced legal issues when it pleaded guilty and agreed to pay $150 million in criminal penalties and $612 million in damages to resolve 11 related whistleblower complaints. Amgen has also faced criticism for lobbying for a two-year extension on sales of drugs, including Sensipar, without government controls, which will cost taxpayers an estimated $500 million. However, the company remains committed to providing innovative and effective healthcare solutions for patients.

Amgen's success can be attributed to its commitment to innovation, strategic acquisitions, strong partnerships and top-end leadership. The company's impressive portfolio of products and its commitment to the community has solidified Amgen's position as a leader in biopharmaceuticals.

AMGN Stock Price History

AMGN Stock News Headlines

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Amgen: You Haven't Seen Anything Yet
Amgen Inc. (NASDAQ:AMGN) Short Interest Down 11.7% in May
The asset beating inflation by 4x
Central Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire investors are buying right along with them. Even Warren Buffett put over $500 million into gold. And with the help of a tax and penalty-free "Trump Loophole, " these investors are investing retirement into gold and other precious metals without having to put up any of their own cash. In our Free Precious Metals Guide, we reveal all the details on how the rich use this loophole to protect and growth their retirement wealth in any economy…and show you how you can use it too.
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See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 6/7 Dividend
5/16/2024
Dividend Payable
6/07/2024
Today
6/19/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Biotechnology
Current Symbol
NASDAQ:AMGN
CUSIP
03116210
Employees
26,700
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$305.85
High Stock Price Target
$360.00
Low Stock Price Target
$200.00
Potential Upside/Downside
0.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
21 Analysts

Profitability

Net Income
$6.72 billion
Pretax Margin
14.71%

Debt

Sales & Book Value

Annual Sales
$28.19 billion
Cash Flow
$27.01 per share
Book Value
$11.65 per share

Miscellaneous

Free Float
532,734,000
Market Cap
$164.14 billion
Optionable
Optionable
Beta
0.60

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Should I Buy Amgen Stock? AMGN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Amgen Inc.:

  • Amgen Inc. has consistently shown strong earnings growth, with a recent quarterly earnings per share of $3.96, beating analyst estimates.
  • The company has a high return on equity of 156.21%, indicating efficient use of shareholder funds to generate profits.
  • Amgen's revenue has been steadily increasing, with a 22.0% growth compared to the same quarter last year, showcasing strong business performance.
  • Amgen Inc. offers a healthy dividend yield of 2.82%, providing investors with a steady income stream.
  • Despite a high dividend payout ratio of 128.57%, the company's ability to generate strong cash flows supports its dividend payments.

Cons

Investors should be bearish about investing in Amgen Inc. for these reasons:

  • Amgen's stock price may be impacted by regulatory challenges in the healthcare industry, affecting investor sentiment.
  • The company operates in a highly competitive market, which could lead to pricing pressures on its products and impact profitability.
  • There is a risk associated with the company's research and development pipeline, as failures in drug development could impact future revenue streams.
  • Amgen's high dividend payout ratio of 128.57% raises concerns about sustainability and future dividend growth.
  • Investors should consider the potential impact of macroeconomic factors on Amgen's business, such as changes in healthcare policies or regulations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Amgen pros and cons to contact@marketbeat.com.

AMGN Stock Analysis - Frequently Asked Questions

Should I buy or sell Amgen stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AMGN shares.
View AMGN analyst ratings
or view top-rated stocks.

What is Amgen's stock price target for 2024?

21 equities research analysts have issued 12 month target prices for Amgen's shares. Their AMGN share price targets range from $200.00 to $360.00. On average, they anticipate the company's stock price to reach $305.85 in the next twelve months. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for AMGN
or view top-rated stocks among Wall Street analysts.

How have AMGN shares performed in 2024?

Amgen's stock was trading at $288.02 at the beginning of 2024. Since then, AMGN shares have increased by 6.2% and is now trading at $305.99.
View the best growth stocks for 2024 here
.

Are investors shorting Amgen?

Amgen saw a decrease in short interest in the month of May. As of May 31st, there was short interest totaling 9,050,000 shares, a decrease of 11.7% from the May 15th total of 10,250,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.7% of the shares of the stock are sold short.
View Amgen's Short Interest
.

When is Amgen's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our AMGN earnings forecast
.

How were Amgen's earnings last quarter?

Amgen Inc. (NASDAQ:AMGN) issued its quarterly earnings results on Thursday, May, 2nd. The medical research company reported $3.96 EPS for the quarter, beating the consensus estimate of $3.76 by $0.20. The medical research company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.45 billion. Amgen had a trailing twelve-month return on equity of 156.21% and a net margin of 12.74%. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.98 EPS.
Read the conference call transcript
.

How often does Amgen pay dividends? What is the dividend yield for Amgen?

Amgen announced a quarterly dividend on Wednesday, March 6th. Stockholders of record on Friday, May 17th will be paid a dividend of $2.25 per share on Friday, June 7th. This represents a $9.00 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, May 16th.
Read our dividend analysis for AMGN
.

Is Amgen a good dividend stock?

Amgen (NASDAQ:AMGN) pays an annual dividend of $9.00 per share and currently has a dividend yield of 3.01%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AMGN will have a dividend payout ratio of 43.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMGN.

What guidance has Amgen issued on next quarter's earnings?

Amgen issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of 19.000-20.200 for the period, compared to the consensus earnings per share estimate of 19.480. The company issued revenue guidance of $32.5 billion-$33.8 billion, compared to the consensus revenue estimate of $33.0 billion.

What is Robert A. Bradway's approval rating as Amgen's CEO?

1,239 employees have rated Amgen Chief Executive Officer Robert A. Bradway on Glassdoor.com. Robert A. Bradway has an approval rating of 91% among the company's employees. This puts Robert A. Bradway in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 81.0% of employees surveyed would recommend working at Amgen to a friend.

What other stocks do shareholders of Amgen own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amgen investors own include Johnson & Johnson (JNJ), NVIDIA (NVDA), Intel (INTC), Cisco Systems (CSCO), Pfizer (PFE), AbbVie (ABBV), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA) and Home Depot (HD).

Who are Amgen's major shareholders?

Amgen's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.71%), Capital International Investors (1.31%), Capital Research Global Investors (1.06%), Bank of New York Mellon Corp (1.00%), Price T Rowe Associates Inc. MD (0.58%) and Janus Henderson Group PLC (0.44%). Insiders that own company stock include Amgen Inc, Jonathan P Graham, Murdo Gordon, Nancy A Grygiel, Nancy A Grygiel, R Sanders Williams and Robert Eckert.
View institutional ownership trends
.

How do I buy shares of Amgen?

Shares of AMGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Amgen have any subsidiaries?
The following companies are subsidiares of Amgen: Abgenix, Alantos Pharmaceuticals, Amgen Canada Inc., Amgen Europe GmbH, Amgen Fremont Inc., Amgen Global Finance B.V., Amgen GmbH Germany, Amgen Ilaç Ticaret Limited Şirketi, Amgen K-A Inc., Amgen Manufacturing Limited, Amgen Research Munich GmbH, Amgen Rockville Inc., Amgen S.A., Amgen S.A.S., Amgen S.p.A., Amgen SF LLC, Amgen Singapore Manufacturing Pte. Ltd., Amgen Technology Ireland Unlimited Company, Amgen Technology Limited, Amgen USA Inc., Amgen Worldwide Holdings B.V., Avidia, Bergamo, BioVex, BioVex Inc., Catherex, Catherex, DeCODE Genetics, Dezima Pharma, Filgrastim and Pegfilgrastim, Five Prime Therapeutics, Five Prime Therapeutics Inc., Gensenta İlaç Sanayi ve Ticaret Anonim Şirketi, Ilypsa, Immunex, Immunex Corporation, Immunex Rhode Island Corporation, KAI Pharmaceuticals, KAI Pharmaceuticals Inc., Kinetix Pharmaceuticals, Laboratorio Quimico Farmaceutico Bergamo, MN Pharmaceuticals, Micromet, Nuevolution, Onyx Pharmaceuticals, Onyx Pharmaceuticals Inc., Onyx Therapeutics Inc., Otezla, Rodeo Therapeutics, Saga Investments Coöperatief U.A., Synergen, TeneoBio, TeneoBio Inc., Tularik, deCODE Genetics ehf, and llypsa Inc..
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This page (NASDAQ:AMGN) was last updated on 6/19/2024 by MarketBeat.com Staff

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