Eli Lilly and (LLY) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reissued their sell rating on shares of Eli Lilly and (NYSE:LLY) in a research note published on Wednesday. They currently have a $74.00 price target on the stock.

Several other brokerages have also issued reports on LLY. Jefferies Group set a $93.00 target price on shares of Eli Lilly and and gave the company a buy rating in a research report on Monday, February 26th. Goldman Sachs lowered shares of Eli Lilly and from a buy rating to a neutral rating and lifted their target price for the company from $86.98 to $95.00 in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Eli Lilly and from a hold rating to a buy rating and set a $85.00 target price on the stock in a research report on Tuesday, April 3rd. Argus upgraded shares of Eli Lilly and from a hold rating to a buy rating and lifted their target price for the company from $85.52 to $115.00 in a research report on Friday, January 5th. Finally, Bank of America dropped their target price on shares of Eli Lilly and from $88.00 to $86.00 and set a neutral rating on the stock in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Eli Lilly and has a consensus rating of Hold and an average target price of $92.84.

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LLY opened at $76.85 on Wednesday. Eli Lilly and has a fifty-two week low of $73.69 and a fifty-two week high of $89.09. The firm has a market capitalization of $86,135.91, a price-to-earnings ratio of 17.96, a PEG ratio of 1.43 and a beta of 0.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.32 and a quick ratio of 1.01.

Eli Lilly and (NYSE:LLY) last announced its earnings results on Wednesday, January 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.06. Eli Lilly and had a negative net margin of 0.89% and a positive return on equity of 33.01%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts anticipate that Eli Lilly and will post 4.87 EPS for the current year.

In other Eli Lilly and news, SVP Jeffrey N. Simmons sold 9,625 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.12, for a total value of $780,780.00. Following the transaction, the senior vice president now directly owns 152,120 shares in the company, valued at approximately $12,339,974.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joshua L. Smiley sold 3,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $79.20, for a total transaction of $237,600.00. Following the completion of the transaction, the chief financial officer now owns 20,029 shares in the company, valued at $1,586,296.80. The disclosure for this sale can be found here. Insiders have sold 15,261 shares of company stock worth $1,225,085 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of LLY. Avestar Capital LLC acquired a new position in Eli Lilly and in the 4th quarter valued at about $100,000. Gradient Investments LLC acquired a new position in Eli Lilly and in the 4th quarter valued at about $103,000. Front Row Advisors LLC acquired a new position in Eli Lilly and in the 4th quarter valued at about $137,000. Willingdon Wealth Management acquired a new position in Eli Lilly and in the 3rd quarter valued at about $138,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in Eli Lilly and in the 3rd quarter valued at about $142,000. Institutional investors own 77.63% of the company’s stock.

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Eli Lilly and Company Profile

Eli Lilly and Company discovers, develops, manufactures, and markets pharmaceutical products worldwide. The company operates through two segments, Human Pharmaceutical Products and Animal Health Products. It offers endocrinology products for the treatment of diabetes; osteoporosis in postmenopausal women and men; and human growth hormone deficiency and pediatric growth conditions.

Analyst Recommendations for Eli Lilly and (NYSE:LLY)

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