Incyte Co. (INCY) Given Average Rating of “Buy” by Brokerages
Incyte Co. (NASDAQ:INCY) has received a consensus rating of “Buy” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, seventeen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $143.27.
A number of analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Incyte from $163.00 to $162.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Incyte in a research report on Wednesday, October 25th. Goldman Sachs Group started coverage on Incyte in a research report on Friday, October 6th. They set a “buy” rating and a $160.00 price objective on the stock. Jefferies Group reissued a “buy” rating on shares of Incyte in a report on Friday, October 6th. Finally, Oppenheimer set a $135.00 target price on Incyte and gave the company a “hold” rating in a report on Tuesday, October 31st.
In other Incyte news, Director Paul A. Friedman sold 28,507 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $105.24, for a total value of $3,000,076.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David W. Gryska sold 3,915 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $105.63, for a total transaction of $413,541.45. The disclosure for this sale can be found here. Insiders sold 44,878 shares of company stock valued at $4,636,494 in the last 90 days. 17.70% of the stock is currently owned by insiders.
Incyte (NASDAQ:INCY) traded up $1.61 during trading on Friday, hitting $91.92. The stock had a trading volume of 2,104,900 shares, compared to its average volume of 1,965,708. Incyte has a 1-year low of $88.81 and a 1-year high of $153.15. The company has a quick ratio of 4.81, a current ratio of 4.82 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $19,470.00, a price-to-earnings ratio of -114.90 and a beta of 0.74.
Incyte (NASDAQ:INCY) last posted its quarterly earnings data on Tuesday, October 31st. The biopharmaceutical company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. Incyte had a negative return on equity of 12.91% and a negative net margin of 10.90%. The business had revenue of $381.50 million for the quarter, compared to analyst estimates of $360.34 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s revenue was up 41.6% on a year-over-year basis. equities research analysts expect that Incyte will post -1.35 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/19/incyte-co-incy-given-average-rating-of-buy-by-brokerages.html.
Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).
Receive News & Ratings for Incyte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Incyte and related companies with MarketBeat.com's FREE daily email newsletter.