Agios Pharmaceuticals (AGIO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Agios Pharmaceuticals (NASDAQ:AGIO) have earned an average rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $89.00.

Several equities research analysts recently issued reports on AGIO shares. Oppenheimer set a $83.00 price objective on shares of Agios Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday, December 26th. BidaskClub raised shares of Agios Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine raised shares of Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Agios Pharmaceuticals from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their target price on shares of Agios Pharmaceuticals to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call.

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In other news, insider Christopher Bowden sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $85.10, for a total transaction of $170,200.00. Following the transaction, the insider now owns 2,881 shares in the company, valued at approximately $245,173.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Scott Biller sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $76.04, for a total transaction of $228,120.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,472 shares of company stock valued at $7,077,813. Company insiders own 5.43% of the company’s stock.



Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Agios Pharmaceuticals by 41.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,600 shares of the biopharmaceutical company’s stock worth $149,000 after purchasing an additional 762 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Agios Pharmaceuticals during the 4th quarter worth about $160,000. Bank of Montreal Can increased its holdings in shares of Agios Pharmaceuticals by 74.8% during the 4th quarter. Bank of Montreal Can now owns 3,551 shares of the biopharmaceutical company’s stock worth $203,000 after purchasing an additional 1,520 shares during the period. Xact Kapitalforvaltning AB bought a new position in shares of Agios Pharmaceuticals during the 4th quarter worth about $259,000. Finally, HBK Investments L P bought a new position in shares of Agios Pharmaceuticals during the 4th quarter worth about $306,000. Institutional investors own 82.41% of the company’s stock.

Shares of AGIO stock traded up $2.09 on Wednesday, hitting $86.14. The company’s stock had a trading volume of 57,231 shares, compared to its average volume of 570,631. Agios Pharmaceuticals has a fifty-two week low of $45.11 and a fifty-two week high of $89.33. The firm has a market cap of $4,930.78, a PE ratio of -12.75 and a beta of 1.98.

Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings data on Wednesday, February 14th. The biopharmaceutical company reported ($1.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.65) by ($0.16). Agios Pharmaceuticals had a negative net margin of 731.60% and a negative return on equity of 76.67%. The business had revenue of $9.80 million during the quarter, compared to analyst estimates of $12.65 million. During the same period in the previous year, the firm posted ($1.34) EPS. The firm’s revenue for the quarter was down 56.7% on a year-over-year basis. sell-side analysts anticipate that Agios Pharmaceuticals will post -6.25 earnings per share for the current fiscal year.

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About Agios Pharmaceuticals

Agios Pharmaceuticals, Inc, a biopharmaceutical company, engages in the discovery and development of medicines for the treatment of cancer and rare genetic metabolic disorders in the United States. It is developing IDHIFA, a potent inhibitor of the mutated isocitrate dehydrogenase (IDH) 2 protein that is in Phase I/II clinical trials for patients with advanced hematologic malignancies with an IDH 2 mutation; Phase III clinical trial for patients with IDH2 mutant-positive acute myeloid leukemia (AML); Phase Ib frontline combination trial for patients with newly diagnosed AML with an IDH2 or IDH1 mutation; and Phase I/II frontline combination trial for patients with newly diagnosed AML.

Analyst Recommendations for Agios Pharmaceuticals (NASDAQ:AGIO)

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