On March 28, 2023, Benchmark initiated coverage of Repligen with a Buy recommendation.
Analyst Price Forecast Suggests 23.54% Upside
As of March 29, 2023, the average one-year price target for Repligen is $207.26. The forecasts range from a low of $97.97 to a high of $262.50. The average price target represents an increase of 23.54% from its latest reported closing price of $167.77.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Repligen is $825MM, an increase of 2.90%. The projected annual non-GAAP EPS is $3.05.
What are Large Shareholders Doing?
Price T Rowe Associates holds 5,071K shares representing 9.11% ownership of the company. In it's prior filing, the firm reported owning 3,660K shares, representing an increase of 27.83%. The firm increased its portfolio allocation in RGEN by 23.11% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,554K shares representing 6.39% ownership of the company. In it's prior filing, the firm reported owning 2,390K shares, representing an increase of 32.77%. The firm increased its portfolio allocation in RGEN by 37.86% over the last quarter.
Sands Capital Management holds 1,781K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 1,639K shares, representing an increase of 8.00%. The firm decreased its portfolio allocation in RGEN by 0.99% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,688K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,652K shares, representing an increase of 2.13%. The firm decreased its portfolio allocation in RGEN by 14.62% over the last quarter.
Wcm Investment Management holds 1,602K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 1,520K shares, representing an increase of 5.14%. The firm decreased its portfolio allocation in RGEN by 13.17% over the last quarter.
What is the Fund Sentiment?
There are 1019 funds or institutions reporting positions in Repligen. This is an increase of 45 owner(s) or 4.62% in the last quarter. Average portfolio weight of all funds dedicated to RGEN is 0.38%, a decrease of 9.00%. Total shares owned by institutions increased in the last three months by 4.54% to 67,749K shares. The put/call ratio of RGEN is 0.57, indicating a bullish outlook.
Repligen Background Information
(This description is provided by the company.)
Repligen Corporation is a global life sciences company that develops and commercializes highly innovative bioprocessing technologies and systems that increase efficiencies in the process of manufacturing biological drugs. Its primary customers are biopharmaceutical drug developers and contract development and manufacturing organizations (CDMOs) worldwide. Its corporate headquarters are located in Waltham, Massachusetts, with additional administrative and manufacturing operations worldwide. The majority of its manufacturing sites are located within the U.S. (California, Massachusetts, New Jersey and New York), and outside of the U.S. it has sites in Estonia, Germany, Ireland, the Netherlands and Sweden.
This story originally appeared on Fintel.
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