Published On: Sat, Sep 10th, 2016

Alnylam Pharmaceuticals’ (ALNY) “Buy” Rating Reiterated at FBR & Co

Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY)‘s stock had its “buy” rating reissued by investment analysts at FBR & Co in a research note issued to investors on Thursday.
Several other research firms have also recently weighed in on ALNY. Morgan Stanley set a $93.00 target price on shares of Alnylam Pharmaceuticals and gave the company a “buy” rating in a research note on Tuesday. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $65.00 target price (up previously from $63.00) on shares of Alnylam Pharmaceuticals in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Alnylam Pharmaceuticals from a “sell” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, August 9th. Cowen and Company reiterated a “buy” rating and issued a $150.00 target price on shares of Alnylam Pharmaceuticals in a research note on Sunday, August 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $152.00 target price on shares of Alnylam Pharmaceuticals in a research note on Friday, August 5th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $113.62.
Shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) traded down 5.07% during trading on Thursday, hitting $69.79. The stock had a trading volume of 501,100 shares. The stock’s market cap is $5.98 billion. The stock’s 50-day moving average price is $71.71 and its 200 day moving average price is $64.60. Alnylam Pharmaceuticals has a one year low of $49.96 and a one year high of $110.75.

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Alnylam Pharmaceuticals (NASDAQ:ALNY) last released its quarterly earnings results on Thursday, August 4th. The biopharmaceutical company reported ($1.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.24) by $0.19. Alnylam Pharmaceuticals had a negative net margin of 1,204.91% and a negative return on equity of 29.60%. The company earned $8.70 million during the quarter, compared to analysts’ expectations of $8.09 million. During the same period in the prior year, the company earned ($0.85) earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Alnylam Pharmaceuticals will post ($4.64) EPS for the current year.
In related news, CEO John Maraganore sold 30,151 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $64.69, for a total value of $1,950,468.19. Following the completion of the sale, the chief executive officer now owns 148,465 shares of the company’s stock, valued at $9,604,200.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by corporate insiders.
Several hedge funds recently modified their holdings of ALNY. IBM Retirement Fund raised its stake in shares of Alnylam Pharmaceuticals by 1.0% in the second quarter. IBM Retirement Fund now owns 7,559 shares of the biopharmaceutical company’s stock worth $419,000 after buying an additional 76 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Alnylam Pharmaceuticals by 3.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,284 shares of the biopharmaceutical company’s stock worth $293,000 after buying an additional 160 shares in the last quarter. Aviva PLC raised its stake in shares of Alnylam Pharmaceuticals by 0.6% in the first quarter. Aviva PLC now owns 36,627 shares of the biopharmaceutical company’s stock worth $2,299,000 after buying an additional 207 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alnylam Pharmaceuticals by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 38,162 shares of the biopharmaceutical company’s stock worth $2,395,000 after buying an additional 450 shares in the last quarter. Finally, Credit Agricole S A raised its stake in shares of Alnylam Pharmaceuticals by 11.6% in the first quarter. Credit Agricole S A now owns 12,182 shares of the biopharmaceutical company’s stock worth $765,000 after buying an additional 1,270 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.
Alnylam Pharmaceuticals Company Profile
Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in developing therapeutics based on ribonucleic acid (RNA) interference (RNAi). It is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate strategy for delivery of small interfering RNAs (siRNAs). Its pipeline of investigational RNAi therapeutics focuses in three Strategic Therapeutic Areas (STArs): Genetic Medicines; Cardio-Metabolic Disease, and Hepatic Infectious Disease.

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