December 15th, 2015

Stock Update (NASDAQ:BIIB): SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Securities Fraud Violations by Certain Officers and Directors of Biogen Inc.

[Business Wire] – Levi & Korsinsky announces it has commenced an investigation of Biogen Inc. concerning possible violations of federal securities laws. Read more on this. Biogen Inc. (BIIB) , currently valued at $61.95B, began trading this morning at $282.00. Looking at today’s trading action, the company’s one day range from $280.61 to $284.25 with a one year range of $242.07 to $420.99. BIIB shares are currently priced at 14.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.14x earnings multiple. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $4.66 per share, which would be $0.44 better than the year-ago quarter and a $0.05 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $18.83 would be a $1.82 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.78 Billion. If realized, that would be a 7.34% increase over the year-ago quarter. More recently, Citigroup Initiated BIIB at Buy (Feb 25, 2016). Previously, Credit Suisse Initiated BIIB at to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $345.50, which is 22.52% above where the stock opened this morning. See more in (NASDAQ:BIIB) Similar Articles: Market Update: Cigna Corp (NYSE:CI) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp. — CI Company Update: Cigna Corp (NYSE:CI) – INVESTOR ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp. — CI Market Update (NYSE:CI): SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp.
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