Elanco Health Health Incorporated (NYSE: ELAN) has received an average “Hold” recommendation from twelve analysts currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts who updated their stock coverage last year was $ 29.19.
Some equity research analysts recently commented on ELAN stocks. TheStreet cuts Elanco Animal Health from a “c” rating to a “d” rating in a research report on Friday, November 6th. Barclays lowered Elanco Animal Health from its “overweight” rating to a “low weight” rating and reduced its stock price target from $ 35.00 to $ 25.00 in a research note Monday, November 9th. Morgan Stanley raised its Elanco Animal Health target price from $ 31.00 to $ 41.00 and gave the company a “overweight” rating in a research note on Monday, November 23rd. Citigroup Inc. Principal Minimum Coupon 3% Protected Base Russell raised Elanco Animal Health’s target price from $ 32.00 to $ 35.00 and gave the company a “buy” rating on research notes Tuesday, November 17th. Finally, Argus dropped Elanco Animal Health from a “buy” rating to a “hold” rating in research records, Wednesday, December 9th.
ELAN opened at a price of $ 29.07 on Thursday. The stock has a fifty-day moving average of $ 30.38 and a two-day moving average of $ 29.07. The company has a current ratio of 1.75, a fast ratio of 0.90 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $ 13.72 billion, a profit-to-profit ratio of -51.00, a price-to-earnings-ratio of 4.13 and a beta of 0.86. Elanco Animal Health has a 12-month low of $ 15.17 and a 12-month high of $ 34.09.
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In related news, major shareholder Aktiengesellschaft Bayer sold 54,500,000 shares of business shares in a transaction on Thursday, December 3rd. The stock traded at an average price of $ 29.84, with a total transaction of $ 1,626,280,000.00. The transaction is disclosed in a legal submission to the Securities & Exchange Commission, available at this hyperlink. 0.12% of the shares owned by internally.
Some institutional investors and hedge funds have recently bought and sold the shares. Mackenzie Financial Corp rose its position in Elanco Animal Health by 20.1% in the 4th quarter. Mackenzie Financial Corp currently owns 14,544 shares of the company worth $ 446,000 after buying an additional 2,436 shares in the last quarter. Aviva PLC rose to prominence in Elanco Animal Health 24.9% in the 4th quarter. Aviva PLC now owns 1,138,197 corporate shares worth $ 34,906,000 after buying an additional 226,644 shares in the last quarter. Panagora Asset Management Inc. increased its position in Elanco Animal Health by 61.2% in the 4th quarter. Panagora Asset Management Inc. currently owns 20,180 shares of the company’s stock worth $ 619,000 after buying an additional 7,659 shares last quarter. Oxford Financial Group Ltd. increased its position in Elanco Animal Health by 72.0% during the 4th quarter. Oxford Financial Group Ltd. currently owns 15,615 shares of the company worth $ 479,000 after buying an additional 6,538 shares in the last quarter. Finally, KBC Group NV raised its position in Elanco Animal Health by 5.3% in the 4th quarter. KBC Group NV now owns 105,716 shares of the company worth $ 3,242,000 after buying an additional 5,290 shares in the last quarter. Institutional investors own 86.83% of the company’s stock.
Profile of Elanco Animal Health Company
Elanco Health Health Incorporated, an animal healthcare company, innovates, develops, manufactures, and markets products for companion animals and food. It offers animal disease prevention products, such as parasites and vaccine products that protect livestock from fleas, lice, and fleas; companion animal therapy for pain, osteoarthritis, ear infections, cardiovascular, and dermatological indications in fangs and cats; vaccines, antibiotics, parasites, and other products used for poultry production and aquaculture, as well as functional nutritional health products, including enzymes, probiotics, and prebiotics; and various vaccines, antibiotics, implants, parasites, and other products used for the production of ruminants and pigs.
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Elanco Animal Health Analyst Recommendations (NYSE: ELAN)
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