Lilly(Eli) & Co (NYSE:LLY) shares traded -0.01% lower at $931.58 on Wall Street last session.
LLY stock price is now 6.71% away from the 50-day moving average and 26.36% away from the 200-day moving average. The market capitalization of the company currently stands at $885.40B.
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With the price target maintained at $1025, Deutsche Bank recently Upgraded its rating from Hold to Buy for Lilly(Eli) & Co (NYSE: LLY). On February 21, 2024, DZ Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $820, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
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 $90.31 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 $90.51 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 $516.57 and a high of $966.10. As of last week, the company has a debt-to-equity ratio of 2.13, a current ratio of 1.11, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $864643710976, which is based on a 116.37 price-to-earnings ratio, a 1.77 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for LLY is $872.9932 and a two-hundred day moving average price translates $737.2615 for the stock.
The latest earnings results from Lilly(Eli) & Co (NYSE: LLY) was released for 2024-06-30. The net profit margin was 18.86% and return on equity was 59.63% for LLY. The company reported revenue of $11.3 billion for the quarter, compared to $8.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.98 percent. For the current quarter, analysts expect LLY to generate $12.19B in revenue.
