Edward Jones upgraded shares of Eli Lilly & Co. (NYSE:LLY) from a sell rating to a hold rating in a research note issued to investors on Thursday, AnalystRatings.NET reports.
A number of other firms have also recently commented on LLY. Analysts at Credit Suisse initiated coverage on shares of Eli Lilly & Co. in a research note to investors on Tuesday, October 8th. They set a neutral rating on the stock. Separately, analysts at Argus cut their price target on shares of Eli Lilly & Co. from $63.00 to $56.00 in a research note to investors on Monday, October 7th. They now have a buy rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Eli Lilly & Co. from $52.00 to $50.00 in a research note to investors on Friday, October 4th. They now have a neutral rating on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $55.53.
Shares of Eli Lilly & Co. (NYSE:LLY) opened at 48.88 on Thursday. Eli Lilly & Co. has a one year low of $44.88 and a one year high of $58.40. The stock has a 50-day moving average of $51.49 and a 200-day moving average of $53.16. The company has a market cap of $52.800 billion and a P/E ratio of 10.98.
Eli Lilly & Co. (NYSE:LLY) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.15. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter last year, the company posted $0.83 earnings per share. Eli Lilly & Co.’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Eli Lilly & Co. will post $4.14 EPS for the current fiscal year.
Eli Lilly and Company discovers, develops, manufactures, and sells products, in one business segment, pharmaceutical products.
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