Eli Lilly and Sets New 1-Year High at $63.39 (LLY)
Shares of Eli Lilly and (NYSE:LLY) reached a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The stock traded as high as $63.39 and last traded at $63.27, with a volume of 1,580,153 shares. The stock had previously closed at $62.26.
LLY has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Eli Lilly and in a research note on Monday. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Barclays upgraded shares of Eli Lilly and from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 2nd. They now have a $63.00 price target on the stock, up previously from $51.00. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Eli Lilly and in a research note on Monday, June 2nd. They now have a $48.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Eli Lilly and currently has a consensus rating of “Hold” and a consensus price target of $61.77.
The stock has a 50-day moving average of $61.28 and a 200-day moving average of $58.18. The company has a market cap of $68.084 billion and a price-to-earnings ratio of 17.40.
Eli Lilly and (NYSE:LLY) last announced its earnings results on Thursday, April 24th. The company reported $0.70 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.70. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the company posted $1.14 earnings per share. Eli Lilly and’s revenue was down 16.4% compared to the same quarter last year. On average, analysts predict that Eli Lilly and will post $2.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, August 13th.
Eli Lilly and Company discovers, develops, manufactures, and sells products, in one business segment, pharmaceutical products.
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