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NASDAQ:AMGN
This summary was created by AI, based on 20 opinions in the last 12 months.
Amgen Inc. is generally perceived as a well-managed and innovative biotech company, characterized by a strong portfolio with 15 products witnessing double-digit revenue growth. Analysts note the company's potential due to its attractive valuation, with a forward P/E ratio under 20x and a solid dividend yield around 3.23% to 3.46%. Investors are optimistic about Amgen's development of its GLP-1 drug, which is currently in phase 3 testing and has the potential to be a game-changer in the weight-loss market. Despite facing some challenges, including trial misses and growing competition, many experts recommend holding or buying shares, highlighting its safety as a large-cap biotech investment. Overall, Amgen is seen as a stable choice for investors looking for exposure to the biotech sector amidst a fluctuating healthcare market.
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)