BMO Capital Markets Reaffirms “Outperform” Rating for Alnylam Pharmaceuticals, Inc. (ALNY)

BMO Capital Markets reissued their outperform rating on shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) in a research report sent to investors on Wednesday, September 6th. The firm currently has a $99.00 price target on the biopharmaceutical company’s stock, down from their previous price target of $105.00.

Several other equities research analysts have also recently weighed in on the stock. Vetr cut shares of Alnylam Pharmaceuticals from a strong-buy rating to a buy rating and set a $71.50 price objective for the company. in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Alnylam Pharmaceuticals from a hold rating to a buy rating and set a $88.00 price target for the company in a report on Wednesday, July 12th. Cowen and Company restated an outperform rating and issued a $100.00 price target on shares of Alnylam Pharmaceuticals in a report on Wednesday, May 17th. Credit Suisse Group restated a hold rating and issued a $50.00 price target on shares of Alnylam Pharmaceuticals in a report on Tuesday, May 9th. Finally, Chardan Capital reduced their price target on shares of Alnylam Pharmaceuticals from $110.00 to $95.00 and set a buy rating for the company in a report on Monday, May 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $82.25.

Alnylam Pharmaceuticals (NASDAQ ALNY) traded down 1.77% during mid-day trading on Wednesday, hitting $76.77. The stock had a trading volume of 348,121 shares. Alnylam Pharmaceuticals has a 1-year low of $31.38 and a 1-year high of $89.45. The company has a 50-day moving average price of $81.65 and a 200 day moving average price of $68.34. The company’s market cap is $7.04 billion.

Alnylam Pharmaceuticals (NASDAQ:ALNY) last posted its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($1.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.22) by ($0.12). Alnylam Pharmaceuticals had a negative return on equity of 45.53% and a negative net margin of 670.81%. The firm had revenue of $15.93 million for the quarter, compared to analyst estimates of $23.86 million. During the same quarter last year, the company earned ($1.05) earnings per share. The company’s quarterly revenue was up 82.9% compared to the same quarter last year. Equities research analysts forecast that Alnylam Pharmaceuticals will post ($5.18) EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of ALNY. BlackRock Inc. raised its holdings in Alnylam Pharmaceuticals by 34,755.2% during the 1st quarter. BlackRock Inc. now owns 4,746,234 shares of the biopharmaceutical company’s stock valued at $243,242,000 after buying an additional 4,732,617 shares during the last quarter. Perceptive Advisors LLC raised its holdings in Alnylam Pharmaceuticals by 831.4% in the 1st quarter. Perceptive Advisors LLC now owns 1,103,475 shares of the biopharmaceutical company’s stock worth $56,553,000 after purchasing an additional 985,000 shares in the last quarter. FMR LLC raised its holdings in Alnylam Pharmaceuticals by 6.3% in the 2nd quarter. FMR LLC now owns 13,723,153 shares of the biopharmaceutical company’s stock worth $1,094,559,000 after purchasing an additional 815,270 shares in the last quarter. Vanguard Group Inc. raised its holdings in Alnylam Pharmaceuticals by 13.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,419,508 shares of the biopharmaceutical company’s stock worth $512,020,000 after purchasing an additional 759,295 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of Alnylam Pharmaceuticals in the 2nd quarter worth about $53,226,000. Institutional investors own 94.27% of the company’s stock.

Alnylam Pharmaceuticals Company Profile

Alnylam Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of ribonucleic acid (RNA) interference (RNAi) therapeutics. The Company is focused on the use of its N-acetylgalactosamine (GalNAc)-conjugate platform for delivery of small interfering RNAs (siRNAs).

Analyst Recommendations for Alnylam Pharmaceuticals (NASDAQ:ALNY)

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