Incyte (NASDAQ:INCY)‘s stock had its “buy” rating reissued by stock analysts at Raymond James Financial in a research note issued to investors on Thursday.
A number of other analysts have also recently commented on INCY. Nomura reiterated a “buy” rating on shares of Incyte in a research note on Thursday, February 1st. Credit Suisse Group set a $145.00 price target on shares of Incyte and gave the company a “buy” rating in a research note on Wednesday. BidaskClub cut shares of Incyte from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 1st. Oppenheimer set a $120.00 price target on shares of Incyte and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Finally, TheStreet cut shares of Incyte from a “c-” rating to a “d+” rating in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $142.94.
Incyte (NASDAQ INCY) opened at $86.03 on Thursday. Incyte has a 12-month low of $80.85 and a 12-month high of $153.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.94 and a quick ratio of 4.81.
In other news, EVP Vijay K. Iyengar sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $97.26, for a total transaction of $486,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David W. Gryska sold 6,760 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $98.87, for a total transaction of $668,361.20. Following the sale, the insider now owns 20,752 shares of the company’s stock, valued at approximately $2,051,750.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,456 shares of company stock valued at $1,222,876. 17.70% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new stake in Incyte in the 4th quarter worth about $120,000. Private Advisor Group LLC acquired a new stake in Incyte in the 3rd quarter worth about $203,000. Advantage Investment Management LLC raised its stake in Incyte by 1,233.3% in the 4th quarter. Advantage Investment Management LLC now owns 2,000 shares of the biopharmaceutical company’s stock worth $189,000 after purchasing an additional 1,850 shares in the last quarter. Caxton Associates LP acquired a new stake in Incyte in the 3rd quarter worth about $257,000. Finally, Mission Wealth Management LP acquired a new stake in Incyte in the 4th quarter worth about $213,000. Institutional investors and hedge funds own 90.02% of the company’s stock.
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Incyte Company Profile
Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).
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