Stocks of Lilly(Eli) & Co (NYSE:LLY) traded higher last session on Wall Street, down -1.05% to $897.19.
LLY stock price is now 9.86% away from the 50-day moving average and 29.53% away from the 200-day moving average. The market capitalization of the company currently stands at $852.69B.
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With the price target maintained at $820, DZ Bank recently Downgraded its rating from Buy to Hold for Lilly(Eli) & Co (NYSE: LLY). On February 16, 2024, Morgan Stanley reiterated its ‘Overweight’ rating on the stock by increasing its target price from $805 to quote $950, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, LILLY ENDOWMENT INC, 10% Owner sold 8,848 shares of the company’s stock on Jul 03 ’24. The stock was sold for $8,098,655 at an average price of $915.31. Upon completion of the transaction, the 10% Owner now directly owns 97,299,772 shares in the company, valued at $87.3 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, 10% Owner LILLY ENDOWMENT INC sold 58,749 shares of the business’s stock. A total of $53,770,776 was realized by selling the stock at an average price of $915.26. This leaves the insider owning 97,308,620 shares of the company worth $87.3 billion. A total of 10.45% of the company’s stock is owned by insiders.
During the past 12 months, Lilly(Eli) & Co has had a low of $434.34 and a high of $916.83. As of last week, the company has a debt-to-equity ratio of 2.05, a current ratio of 1.35, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $832433291264, which is based on a 134.36 price-to-earnings ratio, a 2.15 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for LLY is $820.0332 and a two-hundred day moving average price translates $694.24615 for the stock.
The latest earnings results from Lilly(Eli) & Co (NYSE: LLY) was released for 2024-03-31. The net profit margin was 17.08% and return on equity was 51.15% for LLY. The company reported revenue of $8.77 billion for the quarter, compared to $6.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.98 percent.
