
NASDAQ:AMGN
This summary was created by AI, based on 17 opinions in the last 12 months.
Amgen Inc. is viewed positively by various experts, who highlight its solid management, innovative pipeline, and robust earnings with several products experiencing double-digit sales growth. The stock is praised for its stability and dividend yield, particularly in the biotech sector where it holds a unique position with a well-diversified product portfolio. Recent upgrades and technical indicators have prompted bullish sentiments, especially with potential upcoming advancements in its GLP-1 weight-loss drug, which is currently in phase 3 testing. On the whole, Amgen appears to be a solid choice for long-term investors, especially within the context of biotechnological innovations, while also providing a reasonable valuation based on forward P/E ratios and market expectations.
Pharmaceutical stocks have had a much more difficult time because of the presidential election, a time when they usually fall. However, they've bounced back as much as they normally do. This is not expensive. Trading at about 14X earnings and pays a nice dividend yield. Has some really great drugs in their pipeline. It continues to outperform on an earnings basis. He really likes this.
Stockchase Research Editor: Michael O'Reilly AMGN just released earnings and the 12% increase in revenues and 5% increase in EPS were likely held back due to government mandates to focus health spending towards COVID-19 projects. The company is now benefitting from the release of new arthritis and metastatic colorectal cancer treatments. They also signed a deal to partner with Eli Lilly to manufacture a coronavirus antibody treatment, when it is ready. They pay a good dividend, backed by a 50% payout ratio. We would trade this with a stop-loss of $205 and a target of of $255 -- over 15% upside. Yield 2.91% (Analysts’ price target is $254.12)