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Analyst Rating: Will Biogen Inc (BIIB) Stock Outperform the Market?

Tuesday, February 18, 2020 12:03 PM | InvestorsObserver Analysts

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Analyst Rating: Will Biogen Inc (BIIB) Stock Outperform the Market?

Analysts who follow Biogen Inc (BIIB) on average expect it to decline -2.37% over the next twelve months. Those same analysts give the stock an average rating of Buy.

That average rating puts Biogen Inc higher than 24 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating BIIB a today. Find out what this means to you and get the rest of the rankings on BIIB!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Biogen Inc Stock Today?

Biogen Inc (BIIB) stock has risen 0.61% while the S&P 500 is down -0.68% as of 12:01 PM on Tuesday, Feb 18. BIIB has risen $2.04 from the previous closing price of $333.00 on volume of 685,143 shares. Over the past year the S&P 500 is higher by 20.77% while BIIB has risen 0.61%. BIIB earned $31.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.66.

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