In yesterday’s Wall Street session, Lilly(Eli) & Co (NYSE:LLY) shares traded at $848.90, down -6.26% from the previous session.
LLY stock price is now -0.51% away from the 50-day moving average and 19.38% away from the 200-day moving average. The market capitalization of the company currently stands at $806.79B.
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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 210,000 shares of the company’s stock on Jul 10 ’24. The stock was sold for $197,361,398 at an average price of $939.82. Upon completion of the transaction, the 10% Owner now directly owns 96,943,810 shares in the company, valued at $82.3 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 08 ’24, 10% Owner LILLY ENDOWMENT INC sold 93,593 shares of the business’s stock. A total of $85,977,954 was realized by selling the stock at an average price of $918.64. This leaves the insider owning 97,153,810 shares of the company worth $82.47 billion. A total of 10.41% of the company’s stock is owned by insiders.
During the past 12 months, Lilly(Eli) & Co has had a low of $445.04 and a high of $966.10. 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 $788133314560, which is based on a 127.13 price-to-earnings ratio, a 2.03 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for LLY is $854.9344 and a two-hundred day moving average price translates $712.6649 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.
