BeiGene’s (BGNE) “Neutral” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their neutral rating on shares of BeiGene, Ltd. (NASDAQ:BGNE) in a research report released on Tuesday. The firm currently has a $83.00 price objective on the stock, up from their prior price objective of $58.00.

Several other equities analysts have also weighed in on BGNE. Ladenburg Thalmann Financial Services started coverage on shares of BeiGene in a report on Monday, August 7th. They issued a buy rating and a $81.00 price objective on the stock. Zacks Investment Research lowered shares of BeiGene from a buy rating to a hold rating in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $86.00 price objective (up from $43.00) on shares of BeiGene in a report on Tuesday, August 15th. Maxim Group restated a buy rating and issued a $77.00 price objective on shares of BeiGene in a report on Monday, September 11th. Finally, Morgan Stanley restated an overweight rating and issued a $95.00 price objective (up from $87.00) on shares of BeiGene in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $96.67.

Shares of BeiGene (NASDAQ:BGNE) traded down $3.58 during midday trading on Tuesday, reaching $79.60. 628,400 shares of the company traded hands, compared to its average volume of 190,789. BeiGene has a fifty-two week low of $26.43 and a fifty-two week high of $118.95. The company has a current ratio of 8.38, a quick ratio of 8.38 and a debt-to-equity ratio of 0.57.

BeiGene (NASDAQ:BGNE) last announced its quarterly earnings data on Monday, November 13th. The company reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $2.31. The business had revenue of $220.21 million during the quarter, compared to analyst estimates of $1.55 million. During the same quarter in the prior year, the company earned ($1.08) earnings per share. research analysts predict that BeiGene will post -5.12 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System acquired a new stake in BeiGene in the third quarter worth $4,912,000. Perceptive Advisors LLC acquired a new stake in BeiGene in the third quarter worth $590,000. Orbimed Advisors LLC raised its holdings in BeiGene by 2.0% in the third quarter. Orbimed Advisors LLC now owns 1,313,788 shares of the company’s stock worth $135,925,000 after purchasing an additional 26,200 shares during the period. Janus Henderson Group PLC acquired a new stake in BeiGene in the third quarter worth $33,744,000. Finally, Jane Street Group LLC acquired a new stake in BeiGene in the third quarter worth $339,000. Institutional investors own 52.09% of the company’s stock.

BeiGene Company Profile

BeiGene, Ltd. is a clinical-stage biopharmaceutical company. The Company is focused in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The Company had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.

Analyst Recommendations for BeiGene (NASDAQ:BGNE)

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