Amgen Inc. (NASDAQ:AMGN) Given Price Target Of $184


As per Amgen Inc. (NASDAQ:AMGN)’s news release on 2016-07-22, its shareholders will get cash dividend of $1 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-17 and 2016-09-08, respectively.

The stock will commence trading ex-dividend from 2016-08-15, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Amgen Inc. (NASDAQ:AMGN) disbursed $1 in dividend compared to distribution of $1, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 29.5082%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Amgen Inc. (NASDAQ:AMGN) to attain a price target of $184. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $201. The low price range is set at $157 for next year while the arithmetic mean is seen at 2.37.

Eyeing Earnings Amgen Inc. (NASDAQ:AMGN) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $2.79 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Amgen Inc. (NASDAQ:AMGN) earnings came at $2.84 suggesting a deviation of $0.1. The brokerages targeted EPS of $2.74 for the quarter.

Shares of the Amgen Inc. (NASDAQ:AMGN) traded in the range of $170.71 to $172.2 and closed the last trading session at $171.23 on a volume of ((Volume:238}}.

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