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Biogen Inc. (BIIB)

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272.88-4.38 (-1.58%)
At close: 4:00PM EST

273.10 +0.22 (0.08%)
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Short-term KST

Short-term KST

Previous Close277.26
Bid0.00 x 800
Ask275.99 x 800
Day's Range269.31 - 278.92
52 Week Range223.25 - 363.92
Avg. Volume1,292,068
Market Cap41.569B
Beta (5Y Monthly)0.43
PE Ratio (TTM)11.00
EPS (TTM)24.80
Earnings DateApr 20, 2021 - Apr 26, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est291.37
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • 7 Stocks to Sell for March

    7 Stocks to Sell for March

    They say March comes in like a lion and goes out like a lamb. For the markets, it’s looking like it’s coming in as a bull. But the bull is getting a bit erratic given the big move in fuel prices and the wild action in the bond market recently. The U.S. dollar index is near its 52-week lows, and that means rates on bonds have risen significantly. That’s going to change the real estate market, and that will have spillover effects in portfolio holdings. We’ve also already seen Big Tech get hit with selling. Plus, the Federal Reserve has said it will not intervene at this point and isn’t worried about inflation, so investors will start to make different decisions in this environment.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What it means for the individual investor is that it’s time to weed out the weak and vulnerable from your portfolio now. 8 Stocks to Buy for March These seven stocks to sell for March are a very good start: Biogen (NASDAQ:BIIB) Boston Scientific (NYSE:BSX) Duke Energy (NYSE:DUK) GlaxoSmithKline (NYSE:GSK) Las Vegas Sands (NYSE:LVS) Raytheon (NYSE:RTX) AT&T (NYSE:T) Stocks to Sell for March: Biogen (BIIB) Source: Pavel Kapysh / Shutterstock.com A couple weeks ago, a slew of drug companies announced earnings. All showed strong Q4 earnings and revenue. But BIIB came in mixed, with weak earnings but good revenue. But looking back isn’t what the markets or the analysts really care about. The markets are forward-looking. And BIIB’s guidance wasn’t very optimistic. As a leader in neurological and neurodegenerative diseases, it wasn’t a part of the wild ride some companies had in the race to a vaccine. But even that hype has left the market, so weak guidance in a wild market like this is going to get your stock punished. There’s no point holding and hoping when there could be more downside to come, as sector rotation is sure to be the story of the next few months. This is the prime reason Biogen made the list of stocks to sell for March. BIIB is up 11.6% year-to-date, yet in the past 12 months it’s still in the red, down 15.7%. Boston Scientific (BSX) Source: Pavel Kapysh / Shutterstock.com In late January, BSX announced that it was buying a leader in the ambulatory cardiography space, Preventice Solutions, for $925 million. It already owns a 22% stake, so when all is said and done, the deal will cost around $720 million. And while the space for implantable cardiac monitoring equipment is growing a good clip, it’s a $2 billion market, and BSX already had a nice piece of that market with its own equipment as well as its investment in Preventice. But even with that news and some new buy recommendations from analysts, the stock has been treading water for the past 12 months. 8 Risky Stocks to Buy If Danger Is Your Middle Name Granted, it’s a major medical-device manufacturer that sells more than 13,000 products in 100-plus countries. But this isn’t the kind of stock that’s going to make much of a move any time soon. Duke Energy (DUK) Source: jadimages / Shutterstock.com You would think if there were any energy company stocks to sell in March, it would be Texas-based utilities. But we’re not here to state the obvious, and that cow has already left the barn. I want you to pick stocks that you might not otherwise think are in trouble. DUK is a major East Coast utility with operations in the Carolinas, Ohio, Kentucky and Puerto Rico. It has natural gas distribution operations in a few other states as well. It’s an old school utility that has been a leader in clean energy, but it also sits in the heart of coal country and has some legacy issues to deal with in converting to cleaner operations. Last year, there was talk of another big renewable energy company looking to buy DUK, but nothing came of that. Although, that remains a possibility for some of these utilities that have soared in the past year. DUK’s recent earnings were mixed, and revenue was down year-over-year, largely due to the fact that its commercial and industrial customers were hamstrung by the pandemic. The stock is down 9% in the past three months and still trades at a price-to-earnings (P/E) ratio of 51.7, which is massive for a utility. Overpriced and underperforming is not a good combination, making this an easy pick for this list of stocks to sell for March. GlaxoSmithKline (GSK) Source: Willy Barton / Shutterstock.com With a market capitalization of $84 billion, GSK is certainly in the Big Pharma club. Like many of its peers, it jumped into the vaccine race, but its initial vaccine had a lowered effectiveness in the elderly, and that pushed its development back a few steps. It’s now revamping its position with a new joint venture, and it has another to develop a vaccine for the Covid-19 variants that are popping up around the world. But GSK is doing a lot more than vaccine work. Some of its drugs have become go-to antibiotics, cancer treatments and HIV/AIDs drugs, and it even developed the first vaccine for malaria. 7 Safe Stocks to Buy for Your Retirement That hasn’t helped the stock, however. In the past month, the stock is down 13.5%, and it’s down nearly 179% in the past 52 weeks. Its 6.1% dividend won’t put a dent in those numbers. Las Vegas Sands (LVS) Source: Andy Borysowski / Shutterstock.com If you have ever been to Las Vegas, you know how massive the properties are out there. On the big, flat desert, they lose their scale until you go inside and realize how massive these structures are. Just to keep them running costs huge sums. So, when they sit nearly dormant for months on end, keeping the lights on is a real challenge. LVS only has two resorts in Vegas at this point, but it has built a large number in Macau and Singapore. But during the pandemic these operations were also affected. And recently the high-profile CEO and founder Sheldon Adelson died. While management has been well established, a shift in leadership always brings some kind of change. The sector has been doing well as pandemic numbers improve, but the economy is going to have to improve along with it, and we’re still weeks away from a new stimulus deal. Your best bet here is to count LVS as one of the stocks to sell for March. Raytheon (RTX) Source: JHVEPhoto / Shutterstock.com It’s hard to believe that a defense company would make a list of stocks to sell for March. The defense sector is one of the most consistently funded departments in the government. And budgets have been rising year after year. But the U.S. has now reached a point of significant debt, as deficit spending has gone through the roof in recent years. Add in the multi-trillion-dollar stimulus packages for the pandemic, and the numbers have gone parabolic. That means cuts will have to come from somewhere, and the biggest pot of money is in defense. RTX and its peers aren’t going to starve. But they’re not going to thrive, either. Even our adversaries are struggling economically, so the thought of significant military engagements aren’t too concerning in the near future. 7 Dividend Stocks Offering Little More Than Danger What’s more, its Pratt and Whitney aircraft engine division may have some troubles after the recent incidents with their engines coming apart in-flight. The risks outweigh the opportunities here. AT&T (T) Source: Roman Tiraspolsky / Shutterstock.com For months now, I’ve been ringing the alarm on this stock. Yes, this major telecom company is delivering a tantalizing 7.1% dividend, but the stock is down 24% in the past 12 months. The math is pretty easy, and it doesn’t work out in investors’ favor. Some will argue that it’s one of America’s most iconic brands and that it will endure as it has for decades. But there are many iconic brands that are mere shadows of themselves because they thought they were bigger than the markets and had such power that they could weather any storm. We are living in a very disruptive age, and any sense of comfort derived from a legacy brand can be dangerous. Innovation has always been the hallmark of telecom companies. Even At&T understood the value of its Bell Labs, at least until 1996 when it spun it off. The danger for AT&T is that it’s no longer an innovator. And investors are picking up on this. It’s still a massive company and isn’t going to disappear, but it shouldn’t be a big investment. On the date of publication, Louis Navellier had no positions in any of the stocks in this article. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post 7 Stocks to Sell for March appeared first on InvestorPlace.

  • 10 Cheap Stocks To Invest In (February 2021)
    Insider Monkey

    10 Cheap Stocks To Invest In (February 2021)

    In this article we take a look at 10 cheap stocks to invest in (February 2021). You can skip our detailed discussion of our criteria of choosing these stocks and go directly to 5 cheap stocks to invest in. Perhaps one of the most difficult things for an investor in a bull market is to […]

  • Life Science Cares and Biogen Foundation Help Launch Food For Free’s Just Eats Program

    Life Science Cares and Biogen Foundation Help Launch Food For Free’s Just Eats Program

    $170,000 grants will fill critical gap for 3,000 food insecure families in Greater Boston via Food For Free’s new grocery box program CAMBRIDGE, Mass., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Life Science Cares Boston and the Biogen Foundation have teamed up as inaugural sponsors of Food For Free’s new Just Eats Grocery Box program, a $170,000 effort to reduce food insecurity for 3,000 area families, starting this month. To launch Just Eats, Life Science Cares, the life science industry platform for giving back, has committed $50,000, and the Biogen Foundation, the philanthropic arm of Cambridge-based neuroscience pioneer Biogen Inc. (Nasdaq: BIIB), has committed $100,000, matching the $50,000 from Life Science Cares and donating an additional $50,000 to combatting food insecurity for children in Greater Boston. Committing an additional $20,000 toward the program is Alexandria Real Estate Equities, Inc., the largest and preeminent owner, operator, and developer of collaborative life science campuses in Greater Boston. The combined funding will enable Just Eats to distribute 3,000 boxes of food per week through Food For Free’s network of community partners in Boston, Cambridge, Chelsea, and Somerville, including food pantries, Cambridge Housing Authority sites, other low-income housing sites, and schools. “Children cannot learn, employees cannot work, the sick cannot heal without food to fuel them. The Just Eats boxes are a vital tool to ensure families and children have access to fresh, healthy food,” said Life Science Cares Boston Executive Director Sarah MacDonald. “We’re honored to support this work and encourage others to step up with funding to meet these urgent and critical needs.” From May to October of 2020, Food For Free distributed USDA-organized boxes of fresh produce (the Farmers to Families Food Box Program), which were uniform, suitable for dietary restrictions, grab-and-go, and healthy. With access to the federal program becoming more limited since late fall, Food For Free intends to fill the gap with the Just Eats Grocery Boxes. “The COVID-19 pandemic has created a growing hunger crisis. Children are especially vulnerable to hunger which can create far-reaching health and development consequences. Before the onset of the pandemic, one in eleven children in Eastern Massachusetts faced food insecurity. Now, it’s one in five children,” said Sasha Purpura, Food For Free’s Executive Director. “Food For Free’s Just Eats grocery box program helps address the urgent need for food and provides families with more consistent access to the healthy foods kids need. This would not be possible without the steadfast support we receive from Biogen and the Biogen Foundation, as well as from Life Science Cares and Alexandria Real Estate Equities. We are grateful that their generous contributions are enabling us to launch this new program, which will be a game-changer for the families who rely on us for support.” The Biogen Foundation began its collaboration with Food For Free in 2019, when Biogen provided space in its headquarters for the nonprofit's first permanent kitchen. In the past year, the Biogen Foundation donated nearly $3 million globally to nonprofit leaders who help people with food insecurity. “Biogen, the Biogen Foundation and our employees have long been deeply committed to food security – particularly for the most vulnerable populations, like students. We are excited to build on our longstanding relationship with Food For Free and Life Science Cares to not only nourish 3,000 additional local families, but also to serve as a catalyst and inspire others in our industry to address this pressing need,” said Kate Dawson, MD, Head of Therapeutics Development Unit and Chair of the Biogen Foundation. “It made sense for us to step up and help fill this critical gap, since promoting human health is core to who we are and what we do as a company. Addressing food insecurity – and the improved well-being of people and enhanced ability of students to learn that can come with it – is one of the many ways we advance our purpose and help our communities thrive.” The Just Eats Grocery Boxes will include fresh food items like potatoes, onions, carrots, apples, and oranges as well as staples like rice and dried beans. Food will be sourced both by purchasing and through non-profit partners such as the Greater Boston Food Bank and Boston Area Gleaners. “We are extremely proud to be long-term supporters of Food For Free and its important mission to ensure that those in need in the Cambridge community have access to fresh, nutritious food,” said Hunter Kass, Executive Vice President and Greater Boston Regional Market Director of Alexandria Real Estate Equities, Inc. “The new Just Eats program aligns with our commitment to advance human health, improve nutrition, and enhance the quality of people’s lives in our local communities.” With these latest grants, Life Science Cares, the Biogen Foundation, and Alexandria reinforce their shared goals of creating an infrastructure so all kids have access to healthy food in Cambridge, Somerville, and beyond. Food For Free plans to use the funds to produce 1,000 boxes per week in their new East Cambridge food packing center and contracting another 2,000 through their partners the Boston Area Gleaners. Life Science Cares has supported Food For Free’s Family Meals program with grant funding and volunteer support since 2018. The additional $50,000 from the Biogen Foundation to combat food insecurity for children will support Food For Free’s school backpack programs in 2021. Life Science Cares will also recruit volunteers to help pack the Just Eats boxes in socially distanced volunteer shifts beginning February 24. Volunteers can register at http://boston.lsc.volunteerhub.com. About Life Science CaresLife Science Cares (LSC) is a collective effort of the life science industry connecting companies with nonprofits that improve the lives of people living in poverty in Greater Boston, Philadelphia, San Diego and the Bay Area. In Boston, LSC harnesses the sector’s human and financial resources from companies and supports a portfolio of 27 nonprofit organizations. LSC’s partner organizations work to address basic survival needs like food and shelter, improve education, and develop job skills that increase long term economic sustainability for the community’s most vulnerable neighbors. For more information, visit: www.lifesciencecares.org. About BiogenAt Biogen, our mission is clear: we are pioneers in neuroscience. Biogen discovers, develops and delivers worldwide innovative therapies for people living with serious neurological and neurodegenerative diseases as well as related therapeutic adjacencies. One of the world’s first global biotechnology companies, Biogen was founded in 1978 by Charles Weissmann, Heinz Schaller, Kenneth Murray and Nobel Prize winners Walter Gilbert and Phillip Sharp. Today Biogen has the leading portfolio of medicines to treat multiple sclerosis, has introduced the first approved treatment for spinal muscular atrophy, commercializes biosimilars of advanced biologics and is focused on advancing research programs in multiple sclerosis and neuroimmunology, Alzheimer’s disease and dementia, neuromuscular disorders, movement disorders, ophthalmology, immunology, neurocognitive disorders, acute neurology and pain. We routinely post information that may be important to investors on our website at www.biogen.com. To learn more, please visit www.biogen.com and follow us on social media – Twitter, LinkedIn, Facebook, YouTube. About the Biogen FoundationThe Biogen Foundation supports access to science education and to essential human services for children and their families in the communities in which Biogen facilities are located. The Biogen Foundation is committed to sparking a passion for science and discovery, supporting effective science education initiatives and strengthening efforts to make science education and science careers accessible to diverse populations. About Food For FreeFood For Free is a Cambridge-based, non-profit organization dedicated to providing the Greater Boston community with reliable access to fresh and nutritious food. Food For Free accomplishes its mission through food rescue, partnerships with schools, colleges, and community food programs, and our own direct service programs. In the last year, Food For Free distributed 3 million pounds of nutritious food to more than 30,000 people throughout Greater Boston. To learn more, please visit us at http://www.foodforfree.org/, or follow us on Facebook, Twitter and Instagram. BIOGEN MEDIA CONTACT:David Caouette(781) 464-3260public.affairs@biogen.comLIFE SCIENCE CARES MEDIA CONTACT:Allison Epstein(617) 269-7171allison@teakmedia.com