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Regeneron reports strong earnings despite major investor Invesco reducing holdings.
Regeneron Pharmaceuticals saw mixed investment activity in Q4, with Invesco Ltd. reducing its holdings by 25.6% and Peapack Gladstone Financial Corp increasing its position by 26.3%.
Despite Invesco's sell-off, Regeneron reported strong earnings, exceeding estimates with a $12.07 EPS.
Analysts predict the company will post 35.92 EPS for the current fiscal year, and the stock has a consensus "Moderate Buy" rating with a target price of $966.88.
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Regeneron reporta fuertes ganancias a pesar de que el inversionista Invesco reduce participaciones.