Eli Lilly & Co. (NYSE:LLY)‘s stock had its “buy” rating reiterated by Sanford C. Bernstein in a research note issued on Tuesday, Analyst Ratings Network reports. They currently have a $61.00 price target on the stock. Sanford C. Bernstein’s price target points to a potential upside of 16.35% from the company’s current price.
A number of other firms have also recently commented on LLY. Analysts at JPMorgan Chase & Co. raised their price target on shares of Eli Lilly & Co. (NYSE:LLY) from $59.00 to $61.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Eli Lilly & Co. (NYSE:LLY) in a research note to investors on Tuesday, September 3rd. They now have a $54.00 price target on the stock. Finally, analysts at Leerink Swann raised their price target on shares of Eli Lilly & Co. (NYSE:LLY) from $60.00 to $62.00 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock.
One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.47.
Shares of Eli Lilly & Co. (NYSE:LLY) traded down 1.15% during mid-day trading on Tuesday, hitting $52.43. 5,359,035 shares of the company’s stock traded hands. Eli Lilly & Co. has a 52-week low of $44.88 and a 52-week high of $58.40. The stock’s 50-day moving average is $52.94 and its 200-day moving average is $53.66. The company has a market cap of $56.635 billion and a P/E ratio of 11.91.
Eli Lilly & Co. (NYSE:LLY) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. 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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