BMO Capital Markets Analysts Give Eli Lilly and Company (NYSE:LLY) a $73.00 Price Target

Eli Lilly and Company (NYSE:LLY) has been given a $73.00 price objective by investment analysts at BMO Capital Markets in a research note issued on Wednesday, November 1st. The brokerage currently has a “sell” rating on the stock. BMO Capital Markets’ price target indicates a potential downside of 12.24% from the stock’s current price.

Several other research analysts also recently commented on LLY. TheStreet raised Eli Lilly and from a “c+” rating to a “b+” rating in a research note on Tuesday, July 25th. Leerink Swann downgraded Eli Lilly and from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $93.00 to $90.00 in a research note on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and set a $95.00 target price on shares of Eli Lilly and in a research note on Wednesday, October 4th. UBS AG downgraded Eli Lilly and to a “hold” rating and set a $85.00 target price for the company. in a research note on Wednesday, July 26th. Finally, Berenberg Bank reissued a “buy” rating and set a $98.00 target price on shares of Eli Lilly and in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $89.76.

Eli Lilly and (LLY) opened at $83.18 on Wednesday. The company has a market capitalization of $91,590.00, a PE ratio of 20.27, a P/E/G ratio of 1.83 and a beta of 0.34. Eli Lilly and has a 52 week low of $64.18 and a 52 week high of $89.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.38 and a quick ratio of 1.03.

Eli Lilly and (NYSE:LLY) last issued its earnings results on Tuesday, October 24th. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.52 billion. Eli Lilly and had a return on equity of 30.27% and a net margin of 9.90%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. equities analysts expect that Eli Lilly and will post 4.21 EPS for the current year.

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In other Eli Lilly and news, SVP Alfonso G. Zulueta sold 2,003 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.67, for a total transaction of $167,591.01. Following the transaction, the senior vice president now directly owns 43,580 shares in the company, valued at approximately $3,646,338.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Lilly Endowment Inc sold 190,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $82.53, for a total value of $15,680,700.00. Following the transaction, the insider now owns 123,682,287 shares in the company, valued at $10,207,499,146.11. The disclosure for this sale can be found here. Insiders have sold a total of 772,003 shares of company stock worth $64,837,441 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of LLY. BlackRock Inc. boosted its holdings in shares of Eli Lilly and by 2,628.5% during the 1st quarter. BlackRock Inc. now owns 62,260,488 shares of the company’s stock worth $5,236,731,000 after buying an additional 59,978,664 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Eli Lilly and by 7,093.5% during the 2nd quarter. Janus Henderson Group PLC now owns 9,353,275 shares of the company’s stock worth $769,774,000 after buying an additional 9,223,251 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Eli Lilly and by 22,094.9% during the 2nd quarter. Dodge & Cox now owns 5,991,952 shares of the company’s stock worth $493,138,000 after buying an additional 5,964,955 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Eli Lilly and by 91.1% during the second quarter. Renaissance Technologies LLC now owns 5,694,905 shares of the company’s stock worth $468,691,000 after purchasing an additional 2,714,505 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Eli Lilly and by 3.3% during the first quarter. Vanguard Group Inc. now owns 68,597,006 shares of the company’s stock worth $5,769,694,000 after purchasing an additional 2,181,701 shares during the period. Hedge funds and other institutional investors own 76.61% 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.

Analyst Recommendations for Eli Lilly and (NYSE:LLY)

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