Organon & Co Stock Price Target Forecast, (OGN) Prediction 2022, 2023, 2025, 2030

23 December, 2021

These Are Things You Should Know About Organon & Co. (OGN)

The price momentum of Organon & Co. (OGN) is examined in this brief technical analysis. On December 22, the RSI 9-day was at 50.85 percent, with a historical volatility rate of 24.78 percent.

The current Organon & Co. price is up +2.32 percent percent or $0.68 over its five-day moving average. OGN shares are now trading -3.81 percent below their 20-day simple moving average and +1.63 percent above their 100-day simple moving average. However, the company is now trading -8.62 percent below its 50-day moving average (SMA50).

The stochastic coefficients K and D were 49.39 percent and 53.17 percent, respectively, with an ATR of 0.93. The RSI (14) reading has been determined as 45.36 percent based on the Stochastic reading of 61.13 percent for the 14-day period. The MACD Oscillator is currently at 0.22, while the 14-day reading is at 0.37.

Analyst Opinions

On October 7, 2021, Piper Sandler upgraded Organon & Co. (NYSE: OGN) to a Neutral rating in a letter to investors. Analysts have given Organon & Co. (OGN) an Overweight rating. OGN is rated as a sell by 0 brokerage firms, while it is rated as a hold by 5 companies. According to 0 analysts, the stock is underweight. Organon & Co. is rated as a buy by 0 analysts, with 3 rating it as overweight by 3.

What is the price goal for OGN in the coming 12 months?

The current consensus prediction for the stock is $35.00 – $48.00, with a median target price of $40.00. Analysts think that Organon & Co. (OGN) will attain an average price objective of $40.14 based on these projections.

fostersleader.com is the source for this information.


 

November 8, 2021

Organon (OGN) to Release Third-Quarter Earnings: What’s on the horizon?

On November 11, before the market opens, Organon & Co. OGN will release its third-quarter 2021 results.

Merck & Co., Inc. MRK completed the separation of its Women’s Health division, heritage pharmaceuticals, and biosimilar goods into Organon, a new publicly listed business, in June 2021.

Let’s take a look at how things are shaping up for the upcoming quarter.

Factors to Consider

Organon’s three business franchises — Women’s Health, Biosimilars, and Established Brands — report revenue.

Women’s Health revenues increased 19 percent year over year in the most recent quarter, owing to significant growth in Nexplanon, a single-rod subdermal contraceptive implant. In the most recent quarter, growth in fertility contributed to Women’s Health revenue. This pattern is expected to continue in the third quarter.

Revenues in the biosimilar franchise increased 43 percent year over year in the most recent quarter, owing to ongoing rise in demand for Renflexis (infliximab-abda) and good adoption of Ontruzant (trastuzumab-dttb) in the United States. This pattern is expected to continue in the third quarter.

Established Brands’ revenues, on the other hand, were down 4% year over year due to the loss of exclusivity for Zetia (ezetimibe) in Japan. This pattern is expected to continue in the quarter that has yet to be published.

At the forthcoming earnings call, we expect management to offer further information on the success of the company’s three business franchisees.

Operating costs increased significantly year over year in the previous quarter, a pattern that is projected to continue in the upcoming quarter.

Earnings Rumors

This time, our tried-and-true algorithm does not forecast an earnings beat for Organon. A positive Earnings ESP in conjunction with a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) boosts the chances of an earnings beat. Unfortunately, as you will see below, this is not the case. With our Earnings ESP Filter, you can find the best stocks to buy or sell before they’re reported.

Earnings ESP: Organon has a -4.38 percent Earnings ESP since the Most Accurate Estimate is now $1.38 per share, while the Zacks Consensus Estimate is $1.44.
Organon is presently ranked #4 by Zacks Investment Research (Sell). The entire list of today’s Zacks #1 Rank stocks can be seen here.

nasdaq.com is the source for this information.


November 11th, 2021

Organon Outperformed Expectations And Received a Buyout — Here’s Why Shares Have Dropped

Organon (OGN) beat quarterly estimates on Thursday and acquired another firm for $954 million, but the stock fell as the company’s 2021 projection was lowered.

The Merck (MRK) spinoff now forecasts adjusted sales of $6.2 million to $6.3 billion for the year. The updated guidance’s midpoint fell barely short of analysts’ expectations of $6.28 billion. Organon has previously forecasted adjusted revenues of $6.1 billion to $6.4 billion.

In addition, the firm announced its intention to purchase Forendo Pharma, a clinical-stage company focused on women’s health products situated in Finland. Organon broke out its women’s health, biosimilars, and established pharmaceuticals units from Merck in June.

Forendo’s most valuable asset is a prospective endometriosis therapy that targets uterine lesions without affecting systemic hormone levels. A therapy for polycystic ovarian syndrome, or PCOS, is also being tested by the business.

However, OGN shares fell 5.2 percent to 34.72 on today’s stock exchange. According to MarketSmith.com, OGN stock just broke out of a cup-with-handle base, hitting a buy mark at 36.59. Since Oct. 25, shares have been flirting with their entry point, but on Thursday, they plummeted significantly below it.

The stock of OGN has plummeted as a result of the positive outlook.

Organon earned $1.67 per share on $1.6 billion in revenues in the third quarter, excluding certain adjustments. Although revenue fell 30% year over year, it outperformed OGN stock analysts’ expectations of $1.41 per share.

Sales fell 1% to $1.6 billion, but were still somewhat more than the $1.58 billion forecast. Women’s health and established brand categories had the steepest drops. These divisions pulled in $381 million and $1.03 billion, respectively, down 10% and 6% year over year.

The contraceptives Nuvaring and Nexplanon were blamed by Organon for the decreases. Due to generic competition, Nuvaring sales fell 17 percent in constant currency. Patients postponed medical visits, causing Nexplanon, a physician-administered medicine, to suffer. Sales dropped by 8%.

“Well visits in the United States have been curtailed by the Covid-19 outbreak this year, hampered Nexplanon sales,” Organon said in a statement.

The biosimilars industry climbed 41% to $140 million, which is good news for OGN shares.

Source:-investors.com


23 June, 2021

Organon Stock Price Forecast: Don’t Miss Out on Organon Stock’s Opportunity!

Organon (NYSE:OGN) was just split out from pharmaceutical behemoth Merck (NYSE:MRK), so you’d think that OGN stock would be all the rage on Wall Street.

Nonetheless, Wall Street analysts appear to be bored with Organon, and the stock’s share price hasn’t moved much in any way.

Furthermore, after less than a month on the NYSE, OGN stock is selling at a discount to its IPO price. Is the market’s attention span so limited that investors can’t devote more than a few weeks to a single company?

OGN Stock: A Closer Look

Mark R. Hake, a writer to InvestorPlace, supplied the crucial information on Organon’s IPO.

Please have a look at Hake’s article. He makes a solid case for why OGN stock should rise to $52.77.

In any event, Hake noted that Organon’s shares became publicly available on June 3rd.

It wasn’t your typical IPO from a technical standpoint. Merck owners got one-tenth of a share of Organon common stock for every Merck common share they owned as of May 17, according to the terms of the deal.

If you didn’t get the shares that way, you may now buy them on the New York Stock Exchange through a variety of brokers.

Organon had some support from traders, but only for a short time. On June 3, its stock reached a high of $37, but subsequently dropped below $30 in the following days.

The price of OGN shares remained stagnant over the next few weeks, clinging to the $30 level. Yesterday, it closed at $29.53.

Indifference that is deafening

To be honest, I had hoped for a lot more from investors. We’re talking about a Merck subsidiary, after all. For pharmaceutical investors, that should have been the highlight of the year! Furthermore, Wall Street experts appear to be dozing off on this one.

For example, Terence Flynn of Goldman Sachs launched coverage of Organon with a “neutral” rating. But, hey, at least Flynn set a price objective of $35, implying that the stock will rise. Meanwhile, Cowen analyst Steve Scala began covering OGN shares with a “market perform” rating, which is a fancy way of saying “neutral.”

Scala’s price goal, however, is somewhat lofty at $40. Quantitative evaluations can sometimes speak louder than qualitative evaluations. I hate to say it, but I believe Organon’s concentration on women’s health is to blame for the lacklustre reception.

Unmet Needs of Importance

Wall Street should be more concerned about this market area than it appears to be.

Even from a pure financial standpoint, there are several reasons to keep an eye on this industry. Merck’s Organon-focused presentation deck highlights the substantial unmet requirements in the field, as well as the significant market potential they present. Specifically:

Unintended pregnancies account for 45 percent of all pregnancies.
Approximately ten million women have severe peri- and postmenopausal symptoms.
Uterine fibroids affect 26 million women, yet only around 20% of them are recognised and treated.
Endometriosis affects one out of every ten premenopausal women, yet only half of them are recognised and treated.
Organon’s marketed solutions assist in addressing these important concerns.

The Nexplanon, an implanted contraceptive that can prevent conception for up to three years, is one of them.

Organon is “positioned to produce low to mid-single digit (%) revenue growth off (the)2021 base” as a stand-alone firm, according to Merck.

As a result, Organon might be beneficial for investors as it implements its strategy in a specialised sector that requires a lot more attention.

nasdaq.com is the source for this information.


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