During the last session, Lilly(Eli) & Co (NYSE:LLY)’s traded shares were 18.22 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $846.83, reflecting an intraday loss of -6.28% or -$56.75. The 52-week high for the LLY share is $972.53, that puts it down -14.84 from that peak though still a striking 35.33% gain since the share price plummeted to a 52-week low of $547.61. The company’s market capitalization is $804.85B, and the average intraday trading volume over the past 10 days was 3.77 million shares, and the average trade volume was 2.89 million shares over the past three months.
Lilly(Eli) & Co (LLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.62. LLY has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.47.
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Lilly(Eli) & Co (NYSE:LLY) trade information
Lilly(Eli) & Co (LLY) registered a -6.28% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.28% in intraday trading to $846.83, hitting a weekly high. The stock’s 5-day price performance is -6.25%, and it has moved by -4.26% in 30 days. Based on these gigs, the overall price performance for the year is 49.69%. The short interest in Lilly(Eli) & Co (NYSE:LLY) is 5.79 million shares and it means that shorts have 2.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $899, which implies an increase of 5.8% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $300 and $1150 respectively. As a result, LLY is trading at a discount of -35.8% off the target high and 64.57% off the low.
Lilly(Eli) & Co (LLY) estimates and forecasts
Statistics show that Lilly(Eli) & Co has outperformed its competitors in share price, compared to the industry in which it operates. Lilly(Eli) & Co (LLY) shares have gone up 9.02% during the last six months, with a year-to-date growth rate more than the industry average at 117.72% against 7.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 1,370.00% this quarter and then jump 119.70% in the quarter after that. In the rating firms’ projections, revenue will increase 35.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 12.11B as predicted by 15 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 14.01B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.5B and 9.35B respectively. In this case, analysts expect current quarter sales to grow by 27.50% and then jump by 49.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.74%. While earnings are projected to return 112.51% in 2024, the next five years will return 34.55% per annum.
LLY Dividends
Lilly(Eli) & Co is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Lilly(Eli) & Co is 5.03, with the dividend yield indicating at 0.59 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.29%.
Lilly(Eli) & Co (NYSE:LLY)’s Major holders
Lilly(Eli) & Co insiders own 0.15% of total outstanding shares while institutional holders control 83.59%, with the float percentage being 83.72%. LILLY ENDOWMENT INC is the largest shareholder of the company, while 4509.0 institutions own stock in it. As of 2024-06-30, the company held over 97.37 million shares (or 10.809% of all shares), a total value of $88.15 billion in shares.
The next largest institutional holding, with 73.86 million shares, is of VANGUARD GROUP INC’s that is approximately 8.1993% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $66.87 billion.