In yesterday’s Wall Street session, Elanco Animal Health Inc (NYSE:ELAN) shares traded at $12.83, down -3.24% from the previous session.
ELAN stock price is now -11.03% away from the 50-day moving average and -15.10% away from the 200-day moving average. The market capitalization of the company currently stands at $6.34B.
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With the price target reduced from $17 to $15, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Elanco Animal Health Inc (NYSE: ELAN). On January 05, 2024, Stifel Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $13 to quote $20, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Harrington Michael J, Director bought 3,500 shares of the company’s stock on Aug 22 ’24. The stock was bought for $51,974 at an average price of $14.85. Upon completion of the transaction, the Director now directly owns 81,094 shares in the company, valued at $1.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, PRESIDENT, CEO AND DIRECTOR Simmons Jeffrey N bought 100,000 shares of the business’s stock. A total of $1,300,610 was incurred on buying the stock at an average price of $13.01. This leaves the insider owning 145,000 shares of the company worth $1.86 million. A total of 1.24% of the company’s stock is owned by insiders.
During the past 12 months, Elanco Animal Health Inc has had a low of $8.52 and a high of $18.80. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 2.93, and a quick ratio of 1.75. The fifty day moving average price for ELAN is $14.421 and a two-hundred day moving average price translates $15.11165 for the stock.
The latest earnings results from Elanco Animal Health Inc (NYSE: ELAN) was released for 2024-06-30. The net profit margin was -27.94% and return on equity was -18.78% for ELAN. The company reported revenue of $1.18 billion for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.02 percent.
