Market Update: Celgene Corporation (NASDAQ:CELG) – Celgene Corporation to Webcast at Upcoming Investor Conferences

[Business Wire] – Celgene Corporation plans to present at three upcoming investor conferences where Celgene management will provide an overview of the Company. The conferences will be webcast live and the webcast will be available in the Investor Relations section of the Company’s website at www.celgene.com. Read more on this. Celgene Corporation (CELG) , with a current market cap of $78.44B, began trading this morning at $100.12. During today’s session, CELG traded between $100.07 to $101.34 and has traded between $92.98 and $140.72 over the past year. Priced at 17.83x this year’s forecasted earnings, CELG shares are relatively expensive compared to the industry’s -24.44x forward p/e ratio. According to a consensus of 23 analysts, the earnings estimate of $1.38 per share would be $0.15 better than the year-ago quarter and a $0.04 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.67 is a $0.96 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.70 Billion. If reported, that would be a 18.42% increase over the year-ago quarter. In terms of ratings, Citigroup Initiated CELG at Buy (Feb 25, 2016). Previously, Credit Suisse Initiated CELG at to Outperform. With the above information in mind, readers should note that the average price target is $136.82, which is 36.66% above where the stock opened this morning. See more in (NASDAQ:CELG) Similar Articles: Company Update: Celgene Corporation (NASDAQ:CELG) – Celgene Announces Presentations of Investigational Studies in Solid Tumor and Blood Cancers at ASCO 2016 Market Update (NASDAQ:CELG): Celgene and Juno Announce Celgene Exercised Option to Develop and Commercialize CD19-directed Product Candidates Stock Update (NASDAQ:CELG): Celgene Corporation Elects Mark Alles and Jacqualyn Fouse PhD to its Board of Directors