Eli Lilly and Company (NYSE:LLY) had its price objective upped by research analysts at Barclays PLC from $90.00 to $98.00 in a research note issued on Friday. The brokerage currently has an “overweight” rating on the stock. Barclays PLC’s price target points to a potential upside of 13.39% from the stock’s previous close.
Other analysts also recently issued reports about the company. TheStreet raised Eli Lilly and from a “c+” rating to a “b+” rating in a research report on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $100.00 target price on shares of Eli Lilly and in a research report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $93.00 target price on shares of Eli Lilly and in a research report on Thursday, June 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a $100.00 target price on shares of Eli Lilly and in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $91.00 target price (up from $90.00) on shares of Eli Lilly and in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $88.97.
Eli Lilly and (NYSE:LLY) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.06. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.60 billion. Eli Lilly and had a return on equity of 28.71% and a net margin of 11.12%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS.
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In other news, major shareholder Lilly Endowment Inc sold 205,000 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $86.81, for a total value of $17,796,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 990,000 shares of company stock valued at $82,949,650. Insiders own 0.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC grew its stake in shares of Eli Lilly and by 16.7% in the second quarter. Acrospire Investment Management LLC now owns 1,399 shares of the company’s stock valued at $115,000 after buying an additional 200 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Eli Lilly and in the second quarter valued at about $128,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Eli Lilly and in the second quarter valued at about $129,000. Heritage Trust Co acquired a new stake in shares of Eli Lilly and in the first quarter valued at about $135,000. Finally, Point72 Asia Hong Kong Ltd grew its stake in shares of Eli Lilly and by 237.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,761 shares of the company’s stock valued at $148,000 after buying an additional 1,239 shares in the last quarter. Institutional investors and hedge funds own 75.72% of the company’s stock.
Eli Lilly and Company Profile
Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.
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