Maxim Group set a $120.00 price target on Beigene (NASDAQ:BGNE) in a research report report published on Monday. The firm currently has a buy rating on the stock.

“BeiGene presented initial data from the ongoing Phase 1b trial of its BTK inhibitor (BGB-3111), in combination with its investigational anti-PD-1 antibody, BGB-A317, in patients with B-cell malignancies at the ASH Annual Meeting.”,” the firm’s analyst wrote.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group reiterated a buy rating and set a $86.00 target price (up previously from $43.00) on shares of Beigene in a research report on Tuesday, August 15th. Robert W. Baird reiterated a neutral rating and set a $83.00 target price (up previously from $58.00) on shares of Beigene in a research report on Tuesday, November 14th. Cowen reissued a buy rating on shares of Beigene in a report on Tuesday, November 14th. Morgan Stanley reissued an overweight rating and issued a $95.00 price target (up previously from $87.00) on shares of Beigene in a report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Beigene from a hold rating to a sell rating in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $96.67.

Beigene (BGNE) traded down $4.59 during trading hours on Monday, hitting $91.39. 316,100 shares of the stock were exchanged, compared to its average volume of 206,789. Beigene has a 52 week low of $27.29 and a 52 week high of $118.95. The company has a debt-to-equity ratio of 0.20, a current ratio of 9.33 and a quick ratio of 9.27.

Beigene (NASDAQ:BGNE) last posted its quarterly earnings data on Monday, November 13th. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $0.23 by $2.31. The company had revenue of $220.21 million during the quarter, compared to the consensus estimate of $1.55 million. During the same quarter last year, the firm earned ($1.08) EPS. sell-side analysts anticipate that Beigene will post -2.04 EPS for the current year.

In other Beigene news, CMO Amy C. Peterson sold 3,601 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $82.96, for a total transaction of $298,738.96. Following the sale, the chief marketing officer now directly owns 1,201 shares of the company’s stock, valued at approximately $99,634.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Oyler sold 150,957 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $80.50, for a total transaction of $12,152,038.50. Following the sale, the chief executive officer now directly owns 491,891 shares in the company, valued at $39,597,225.50. The disclosure for this sale can be found here. Insiders have sold a total of 460,845 shares of company stock worth $39,957,684 over the last three months. Insiders own 19.90% of the company’s stock.

Several hedge funds have recently modified their holdings of BGNE. Renaissance Technologies LLC bought a new stake in shares of Beigene in the 1st quarter valued at about $238,000. Bank of America Corp DE raised its holdings in Beigene by 5.8% in the 1st quarter. Bank of America Corp DE now owns 20,199 shares of the company’s stock valued at $740,000 after acquiring an additional 1,116 shares during the period. Bank of Montreal Can raised its holdings in Beigene by 315.2% in the 2nd quarter. Bank of Montreal Can now owns 18,610 shares of the company’s stock valued at $837,000 after acquiring an additional 14,128 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Beigene by 6.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 48,831 shares of the company’s stock valued at $2,197,000 after acquiring an additional 2,844 shares during the period. Finally, First Trust Advisors LP raised its holdings in Beigene by 2.2% in the 2nd quarter. First Trust Advisors LP now owns 48,860 shares of the company’s stock valued at $2,199,000 after acquiring an additional 1,029 shares during the period. 55.34% of the stock is currently owned by institutional investors.

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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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