Price Target Analysis of Celgene Corporation (NASDAQ:CELG)

Celgene Corp now has $81.44 billion valuation. It offers REVLIMID, an oral immunomodulatory drug for multiple myeloma, myelodysplastic syndromes, and mantle cell lymphoma; POMALYST/IMNOVID to treat multiple myeloma; OTEZLA, a small-molecule inhibitor of phosphodiesterase 4 for psoriatic arthritis, psoriasis, and ankylosing spondylitis; and ABRAXANE, a solvent-free chemotherapy product to treat breast, non-small cell lung, pancreatic, and gastric cancers. It has a 9.48 P/E ratio.

Chemical Bank increased its stake in Celgene Corp (CELG) by 5.43% based on its latest 2017Q2 regulatory filing with the SEC. Vanguard Group Inc. now owns 53,527,210 shares of the biopharmaceutical company's stock valued at $6,951,579,000 after purchasing an additional 1,610,056 shares during the last quarter. Sowell Financial Services LLC now owns 2,454 shares of the biopharmaceutical company's stock worth $289,000 after buying an additional 13 shares in the last quarter. Neuberger Berman Group LLC now owns 1,844,837 shares of the biopharmaceutical company's stock worth $229,553,000 after purchasing an additional 71,729 shares during the period. About shares traded. Tesco PLC (OTCMKTS:TSCDY) has 0.00% since December 6, 2016 and is. It has underperformed by 16.70% the S&P500. Capital World Investors owned about 0.08% of Celgene worth $82,467,000 as of its most recent filing with the Securities and Exchange Commission. It also increased its holding in Facebook Inc (NASDAQ:FB) by 198,754 shares in the quarter, for a total of 1.72 million shares, and has risen its stake in Microchip Technology Inc (NASDAQ:MCHP). Tier Reit Inc was reduced too. Celgene's revenue was up 10.2% on a year-over-year basis. analysts anticipate that Celgene Corporation will post 6.67 EPS for the current year. The company was maintained on Monday, October 30 by Credit Suisse. Celgene presently has an average rating of "Buy" and a consensus target price of $139.57. On Tuesday, November 8 the stock rating was initiated by Mizuho with "Buy". William Blair reaffirmed an "outperform" rating on shares of Celgene in a research report on Friday, October 20th. The company was maintained on Friday, January 29 by RBC Capital Markets. BMO Capital Markets has "Outperform" rating and $148 target. Jefferies Group reissued a "buy" rating and set a $160.00 price target on shares of Celgene in a research report on Friday, September 15th. Cantor Fitzgerald reiterated a "buy" rating and issued a $162.00 price objective on shares of Celgene in a research note on Tuesday, September 26th.

Investors sentiment increased to 1.34 in Q2 2017. South Texas Money Management Ltd. grew its position in shares of Celgene by 0.6% during the 1st quarter.

A number of other hedge funds have also added to or reduced their stakes in CELG. The institutional investor owned 635,000 shares of the biopharmaceutical company's stock after selling 65,000 shares during the period. Jennison Associates LLC grew its holdings in shares of Celgene by 1.2% during the 2nd quarter. Ls Ltd invested in 0.17% or 21,422 shares. Private Wealth Advisors holds 0.6% or 10,768 shares in its portfolio. 500.06 million shares or 0.04% more from 499.87 million shares in 2017Q1 were reported. Moreover, Bartlett Limited Liability Co has 0.01% invested in Celgene Corporation (NASDAQ:CELG). Laffer holds 46,065 shares or 0% of its portfolio. 602.51 million shares or 1.81% more from 591.78 million shares in 2017Q1 were reported. The Gateway Investment Advisers Llc holds 524,439 shares with $68.11 million value, up from 488,187 last quarter. (NYSE:PLD). Perkins Coie Tru has 0.02% invested in Prologis, Inc. The original version of this article can be accessed at Paw Cap holds 1.56% or 12,000 shares.

Celgene Corporation (NASDAQ:CELG) lost -0.05 Percent and closed its previous trading session at $102.56. Altavista Wealth Mngmt Incorporated reported 2,850 shares. Celgene Corporation (CELG) has risen 17.00% since December 6, 2016 and is uptrending. It has outperformed by 0.30% the S&P500.

Analysts await Celgene Corporation (NASDAQ:CELG) to report earnings on January, 25. They expect $0.67 earnings per share, up 6.35% or $0.04 from last year's $0.63 per share. CELG's profit will be $1.37 billion for 14.89 P/E if the $1.74 EPS becomes a reality. S&Co invested 0.21% in Celgene Corporation (NASDAQ:CELG).

Since June 15, 2017, it had 0 insider buys, and 3 sales for $2.36 million activity.

Ratings analysis reveals 50% of Celgene's analysts are positive. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. At the moment, the average analyst rating for CELG is Moderate Buy. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, July 6. UBS lowered shares of Celgene from a "strong-buy" rating to a "market perform" rating and set a $160.00 price target on the a report on Thursday, October 26th.

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