Short Term Price Target on Amgen (AMGN)

Amgen (NASDAQ:AMGN) : The consensus price target for Amgen (NASDAQ:AMGN) is $183.75 for the short term with a standard deviation of $10.37. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $195, however, the pessimist price target for the company is $157.

Amgen Inc. has lost 0.08% in the last five trading days and dropped 3.73% in the last 4 weeks. Amgen Inc. has dropped 0.65% during the last 3-month period . Year-to-Date the stock performance stands at -5%. Also, BMO Capital initiates coverage on Amgen (NASDAQ:AMGN). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at BMO Capital announces a current price target of $183 per share. The rating by the firm was issued on April 5, 2016.

Amgen (NASDAQ:AMGN) : 16 analysts are covering Amgen (NASDAQ:AMGN) and their average rating on the stock is 2.34, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Amgen (NASDAQ:AMGN) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Amgen (NASDAQ:AMGN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $150.83 and $149.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $152.15, notching a gain of 1.37% for the day. The total traded volume was 3,480,735 . The stock had closed at $150.10 on the previous day.

In an insider trading activity, Balachandran Madhavan, officer (EVP, Operations) of Amgen Inc, unloaded 30,000 shares at an average price of $154.12 on May 4, 2016. The total amount of the transaction was worth $4,623,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Amgen Inc. (Amgen) is a biotechnology company. The Company is engaged in discovering, developing, manufacturing and delivering human therapeutics. The Companys sales and marketing forces are located in the United States and Europe. In the United States, it sells its products to pharmaceutical wholesale distributors. The Company also markets certain products directly to consumers through direct-to-consumer print and television advertising, as well as through the Internet. Outside the United States, the Company sells its products to healthcare providers and/or pharmaceutical wholesale distributors. The Companys products include Neulasta (pegfilgrastim)/NEUPOGEN (filgrastim), Enbrel (etanercept), XGEVA/Prolia (denosumab), ESAs (erythropoiesis-stimulating agents), Sensipar/Mimpara (cinacalcet), Kyprolis and Evolocumab, among others.

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