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Eli Lilly & Co. (NYSE:LLY) was upgraded by equities researchers at Ned Davis Research from a “neutral” rating to a “buy” rating in a research report issued on Monday, AnalystRatings.Net reports.

LLY has been the subject of a number of other recent research reports. Analysts at Barclays downgraded shares of Eli Lilly & Co. from an “equal weight” rating to an “underweight” rating in a research note to investors on Friday. They now have a $51.00 price target on the stock, down previously from $58.00. Separately, analysts at BMO Capital Markets downgraded shares of Eli Lilly & Co. from a “market perform” rating to an “underperform” rating in a research note to investors on Wednesday, January 8th. They now have a $50.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Eli Lilly & Co. in a research note to investors on Friday, December 13th. They now have a $52.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.77.

Shares of Eli Lilly & Co. (NYSE:LLY) traded up 1.03% on Monday, hitting $52.465. 1,085,878 shares of the company’s stock traded hands. Eli Lilly & Co. has a 52 week low of $47.53 and a 52 week high of $58.40. The stock has a 50-day moving average of $50.55 and a 200-day moving average of $51.16. The company has a market cap of $56.673 billion and a price-to-earnings ratio of 11.88.

Eli Lilly & Co. (NYSE:LLY) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.04 by $0.07. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that Eli Lilly & Co. will post $4.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of 0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, February 12th.

Eli Lilly and Company discovers, develops, manufactures, and sells products, in one business segment, pharmaceutical products.

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