A share price of Elanco Animal Health Inc [ELAN] is currently trading at $12.01, up 1.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ELAN shares have gain 3.98% over the last week, with a monthly amount drifted -0.74%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Elanco Animal Health Inc [NYSE: ELAN] stock has seen the most recent analyst activity on December 09, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $18. Previously, Leerink Partners started tracking the stock with Market Perform rating on December 02, 2024, and set its price target to $14. On September 19, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $15 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $20 on January 05, 2024. Jefferies initiated its recommendation with a Buy and recommended $17 as its price target on December 19, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on December 15, 2023, but kept the price target unchanged to $16. In a note dated December 07, 2023, Exane BNP Paribas initiated an Outperform rating and provided a target price of $18 on this stock.
Elanco Animal Health Inc experienced fluctuations in its stock price throughout the past year between $11.11 and $18.80. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Elanco Animal Health Inc [NYSE: ELAN] shares were valued at $12.01 at the most recent close of the market. An investor can expect a potential return of 49.88% based on the average ELAN price forecast.
Analyzing the ELAN fundamentals
Trailing Twelve Months sales for Elanco Animal Health Inc [NYSE:ELAN] were 4.45B which represents -3.56% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.80 points at the first support level, and at 11.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.13, and for the 2nd resistance point, it is at 12.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Elanco Animal Health Inc [NYSE:ELAN] is 2.55. Further, the Quick Ratio stands at 1.31, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 29.39.
Transactions by insiders
Recent insider trading involved Harrington Michael J, Director, that happened on Aug 22 ’24 when 3500.0 shares were purchased. PRESIDENT, CEO AND DIRECTOR, Simmons Jeffrey N completed a deal on Aug 12 ’24 to buy 100000.0 shares. Meanwhile, Director DOYLE WILLIAM F bought 15000.0 shares on May 21 ’24.
