Stocks of Elanco Animal Health Inc (NYSE:ELAN) traded higher last session on Wall Street, unchanged to $13.13.
ELAN stock price is now -3.65% away from the 50-day moving average and -11.41% away from the 200-day moving average. The market capitalization of the company currently stands at $6.49B.
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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 $1.06 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 $1.9 million. A total of 1.38% of the company’s stock is owned by insiders.
During the past 12 months, Elanco Animal Health Inc has had a low of $11.40 and a high of $18.80. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 2.55, and a quick ratio of 1.31. According to the stock market information, the enterprise value for the company is $10357852160, which is based on a 32.13 price-to-earnings ratio, a 3.21 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for ELAN is $13.6572 and a two-hundred day moving average price translates $14.8332 for the stock.
The latest earnings results from Elanco Animal Health Inc (NYSE: ELAN) was released for 2024-09-30. The net profit margin was 4.60% and return on equity was 3.24% for ELAN. The company reported revenue of $1.03 billion for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.56 percent.
