Published: Tue, April 17, 2018
Medical | By Johnnie Horton

Shares of Eli Lilly and Company (LLY) are worth at $79.72

Shares of Eli Lilly and Company (LLY) are worth at $79.72

Eli Lilly and Company (NYSE:LLY) operates under Healthcare sector, shares price slightly up 0.54% during latest trading session.

According to Zacks, "Lilly's new products like Trulicity, Taltz, Basaglar, Cyramza, Jardiance and Lartruvo have been driving revenues and the trend is expected to continue in 2018. Lilly has a positive record of earnings surprises in recent quarters".

A number of other equities research analysts have also commented on the company. Jefferies Group has a "Buy" rating and a $90.00 price objective on the stock. JPMorgan Chase set a $105.00 price target on Eli Lilly and and gave the stock a "buy" rating in a research report on Monday, February 26th. Simple BUY signals occur when prices close above the moving average; SELL signals occur when prices fall below the moving average. The stock of Eli Lilly and Company (NYSE:LLY) has "Market Perform" rating given on Monday, October 23 by Leerink Swann. Vetr cut Eli Lilly and from a "sell" rating to a "strong sell" rating and set a $70.44 target price on the a research report on Monday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company's stock. Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). The stock price of LLY is moving up from its 20 days moving average with 2.60% and isolated positively from 50 days moving average with 2.30%. The firm has a market capitalization of $87,341.06, a P/E ratio of 18.77, a P/E/G ratio of 1.49 and a beta of 0.26. Leucadia National Corp who had been investing in Cott Corp Que for a number of months, seems to be less bullish one the $1.96B market cap company.

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Tracking other technical indicators, the 14-day RSI is presently standing at 56.23, the 7-day sits at 63.44, and the 3-day is resting at 76.08 for Eli Lilly and Company (LLY). The firm is having analyst recommendation of 2.20 on scale of 1 to 5. Endurance Wealth Mgmt has invested 0.06% in Eli Lilly and Company (NYSE:LLY). Eli Lilly and's revenue was up 7.0% compared to the same quarter past year. Zakrowski Donald A also sold $72,981 worth of Eli Lilly and Company (NYSE:LLY) on Monday, February 5. Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. Following the completion of the transaction, the senior vice president now owns 152,120 shares in the company, valued at approximately $12,339,974.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The firm owned 615,931 shares of the company's stock after buying an additional 106,431 shares during the period. The shares were bought at an average price of $71.85 per share, for a total transaction of $35,925.00. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The disclosure for this sale can be found here. On Thursday, February 1 Simmons Jeffrey N sold $780,780 worth of Eli Lilly and Company (NYSE:LLY) or 9,625 shares. Cambridge Investment Research Advisors Inc. increased its position in Eli Lilly and by 6.9% during the 4th quarter. Front Row Advisors LLC acquired a new stake in Eli Lilly and during the fourth quarter valued at approximately $137,000. Finally, Lazard Asset Management LLC lifted its stake in shares of Eli Lilly and by 0.8% in the 4th quarter. Xact Kapitalforvaltning AB increased its position in Eli Lilly and by 7.8% during the 4th quarter. Boys Arnold And Inc holds 0.24% in Eli Lilly and Company (NYSE:LLY) or 19,254 shares. Handelsbanken Fonder AB now owns 309,140 shares of the company's stock valued at $26,110,000 after buying an additional 8,200 shares in the last quarter. Another trade for 200,000 shares valued at $17.64M was sold by LILLY ENDOWMENT INC. Janus Henderson Group PLC now owns 10,857,193 shares of the company's stock worth $928,719,000 after acquiring an additional 1,503,918 shares during the period. The stock increased 0.48% or $0.38 during the last trading session, reaching $80.1.

COPYRIGHT VIOLATION NOTICE: "Zacks: Analysts Anticipate Eli Lilly and Co (LLY) Will Announce Quarterly Sales of $5.50 Billion" was first published by Macon Daily and is the property of of Macon Daily. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of global copyright legislation. The funds in our database now hold: 3.61 million shares, up from 3.15 million shares in 2017Q3. Eli Lilly and Company (NYSE:LLY) has declined 10.19% since April 16, 2017 and is downtrending. The Company's human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists. It offers endocrinology products for the treatment of diabetes; osteoporosis in postmenopausal women and men; and human growth hormone deficiency and pediatric growth conditions.

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