Elanco Animal Health Incorporated (ELAN) Price Targets: What Are They?

The stock of Elanco Animal Health Incorporated (NYSE:ELAN) increased by increased by $0.3 on Friday to finish at $33.90, up 0.89 percent. The last five days have seen an average of 2,549,920 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $3.23. The average number of shares traded over the last 20 days was 2,811,065, while the average volume over the last 50 days totaled 3,177,004.

ELAN stock appreciated 4.40% since last month. On 10/01/21, the company’s shares reached a one-month low of $31.61. The stock touched a high of $37.49 on 07/29/21, after rallying from a low of $26.72 in 52 weeks. The price of ELAN stock has risen by 10.53% or $3.23 this year, reaching a new high 19 times. Still, the stock price is down -9.58% from the 52-week high.

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Insider Transactions

There have been 59 days since Elanco Animal Health Incorporated (ELAN) last reported insider trading activity on Aug 27. On Aug 27, 10% Owner Elanco Animal Health Inc acquired 45,508,938 shares at $9.25 each. This transaction resulted in the insider spending $420,957,676. On Aug 16, HOOVER R DAVID added 8,000 shares at a price of US$31.45. After the transaction, the insider now owns 90,000 shares. See Remarks HOOVER R DAVID had earlier bought 2,000 shares on Aug 13 for $30.75 a share. The transaction was completed for $61,490.

Valuation Metrics

The PE ratio of Elanco Animal Health Incorporated has varied between 226.36 and 59.58 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.49, the price-to-book (PB) ratio of 2.07.

For the three months ended June 29, Elanco Animal Health Incorporated’s quick ratio was 1.00, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.69, and the total debt to equity ratio is 0.76. As far as profitability goes, gross margin for the trailing twelve months is 52.60% percent. Elanco Animal Health Incorporated’s EBITDA margin for the year ended June 29 was 13.45%, whereas its operating margin stood at -16.40% for the same period. Based on annual data, it had gross profit of $1.61 billion and revenue of $3.27 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ELAN’s return on assets (ROA) during the last 12 months has been -4.20%. There was a -4.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.90%. ROE has averaged -15.50 in the past year for the broader industry.

Earnings Surprise

According to Elanco Animal Health Incorporated’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.28 billion, while revenues rose by 48.58% to $1.24 billion. It was predicted that Elanco Animal Health Incorporated’s quarterly earnings would be $0.28, but it ended up being $0.26, beating the consensus by 7.70%. EBITDA was -$9.0 million for the quarter. At the end of Elanco Animal Health Incorporated’s most recent quarter ended June 29, its liabilities totaled 8.85 billion, while its total debt was $6.13 billion. Equity owned by shareholders amounts to $473.02 million.

Technical Picture

Here’s a quick look at Elanco Animal Health Incorporated’s (ELAN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 67.88%, suggesting the stock is Neutral, with a 23.90% historical volatility rate.

The stochastic %K and %D were 93.32% and 75.53% respectively, while the average true range (ATR) was 0.69. Based on the 14-day stochastic reading of 97.17%, the RSI (14) reading is 62.18%. On the 9-day MACD Oscillator, the stock is at 0.93, and the 14-day reading is at 0.92.

Analyst Ratings

Analysts have assigned Elanco Animal Health Incorporated (ELAN) an Overweight rating. ELAN is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.

What is ELAN’s price target for the next 12 months?

The current consensus forecast for the stock is between $29.00 and $42.00, with a median target price of $40.00. In analyzing these forecasts, the average price target given by analysts for Elanco Animal Health Incorporated (ELAN) is $37.86.


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