Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) – Investment analysts at Oppenheimer Holdings decreased their Q3 2017 earnings estimates for Agios Pharmaceuticals in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst L. Cann now expects that the biopharmaceutical company will post earnings per share of ($1.99) for the quarter, down from their prior estimate of ($1.96). Oppenheimer Holdings has a “Buy” rating and a $75.00 price target on the stock. Oppenheimer Holdings also issued estimates for Agios Pharmaceuticals’ Q4 2017 earnings at ($2.04) EPS, Q1 2018 earnings at ($2.31) EPS, Q2 2018 earnings at ($2.31) EPS, Q3 2018 earnings at ($2.45) EPS, Q4 2018 earnings at ($0.21) EPS, FY2018 earnings at ($7.28) EPS and FY2019 earnings at ($1.43) EPS.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Janney Montgomery Scott cut Agios Pharmaceuticals from a “buy” rating to a “neutral” rating in a report on Monday, June 26th. Canaccord Genuity set a $90.00 target price on Agios Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, May 4th. Cann reissued a “buy” rating and set a $75.00 target price on shares of Agios Pharmaceuticals in a report on Sunday, June 11th. Finally, ValuEngine raised Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.67.

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Agios Pharmaceuticals (AGIO) opened at 60.56 on Thursday. The stock’s market cap is $2.92 billion. Agios Pharmaceuticals has a one year low of $35.84 and a one year high of $67.74. The stock has a 50 day moving average price of $56.81 and a 200-day moving average price of $51.69.

Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($1.78) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.57) by $0.21. The firm had revenue of $11.30 million during the quarter, compared to the consensus estimate of $10.68 million. Agios Pharmaceuticals had a negative return on equity of 75.48% and a negative net margin of 502.12%. The business’s revenue was up 62.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.47) EPS.

In other Agios Pharmaceuticals news, insider Scott Biller sold 4,292 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $55.00, for a total transaction of $236,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lewis Clayton Jr. Cantley sold 2,036 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $47.10, for a total value of $95,895.60. Following the sale, the director now directly owns 91,206 shares of the company’s stock, valued at approximately $4,295,802.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,120 shares of company stock valued at $4,557,207. Insiders own 10.55% of the company’s stock.

A number of large investors have recently bought and sold shares of AGIO. Swiss National Bank boosted its stake in Agios Pharmaceuticals by 3.4% in the first quarter. Swiss National Bank now owns 55,360 shares of the biopharmaceutical company’s stock valued at $3,233,000 after buying an additional 1,800 shares during the period. Spark Investment Management LLC boosted its stake in Agios Pharmaceuticals by 139.9% in the second quarter. Spark Investment Management LLC now owns 84,700 shares of the biopharmaceutical company’s stock valued at $4,357,000 after buying an additional 49,400 shares during the period. Geode Capital Management LLC boosted its stake in Agios Pharmaceuticals by 8.3% in the first quarter. Geode Capital Management LLC now owns 263,899 shares of the biopharmaceutical company’s stock valued at $15,410,000 after buying an additional 20,336 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in Agios Pharmaceuticals during the first quarter valued at about $270,000. Finally, Ameriprise Financial Inc. boosted its stake in Agios Pharmaceuticals by 8.5% in the first quarter. Ameriprise Financial Inc. now owns 41,029 shares of the biopharmaceutical company’s stock valued at $2,397,000 after buying an additional 3,215 shares during the period. 84.53% of the stock is owned by institutional investors.

About Agios Pharmaceuticals

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

Earnings History and Estimates for Agios Pharmaceuticals (NASDAQ:AGIO)

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