Shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY – Get Free Report) have been given an average rating of “Moderate Buy” by the twenty-three research firms that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $367.20.
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price target on Alnylam Pharmaceuticals from $445.00 to $350.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Citigroup dropped their price objective on Alnylam Pharmaceuticals from $380.00 to $340.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Alnylam Pharmaceuticals in a research report on Monday, August 31st. TD Cowen reiterated a “buy” rating on shares of Alnylam Pharmaceuticals in a research note on Monday, August 31st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Alnylam Pharmaceuticals in a research report on Monday, August 31st.
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Hedge Funds Weigh In On Alnylam Pharmaceuticals
Alnylam Pharmaceuticals Trading Down 0.2%
NASDAQ ALNY opened at $255.36 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 2.99 and a debt-to-equity ratio of 0.75. Alnylam Pharmaceuticals has a 1-year low of $197.81 and a 1-year high of $495.55. The firm’s fifty day simple moving average is $243.92 and its 200-day simple moving average is $282.60. The company has a market capitalization of $34.17 billion, a PE ratio of 47.46 and a beta of 0.31.
Alnylam Pharmaceuticals (NASDAQ:ALNY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The biopharmaceutical company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.21. Alnylam Pharmaceuticals had a return on equity of 84.93% and a net margin of 15.26%.The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm earned ($0.51) earnings per share. The business’s revenue for the quarter was up 66.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Alnylam Pharmaceuticals will post 6.71 earnings per share for the current fiscal year.
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company focused on discovering, developing and commercializing medicines based on RNA interference (RNAi) technology. RNAi therapies are designed to silence specific genes involved in disease, offering a way to target conditions that may be difficult to treat with conventional drug approaches. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts.
Alnylam’s commercial products include Onpattro (patisiran), Givlaari (givosiran), Oxlumo (lumasiran) and Amvuttra (vutrisiran).
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