Eli Lilly and Company (LLY) Receives Average Recommendation of “Hold” from Brokerages

Eli Lilly and Company (NYSE:LLY) has earned an average recommendation of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $90.09.

Several research firms have weighed in on LLY. Credit Suisse Group reiterated a “hold” rating on shares of Eli Lilly and in a report on Wednesday. BMO Capital Markets reiterated a “sell” rating and issued a $71.00 price objective on shares of Eli Lilly and in a report on Thursday, September 28th. Cowen reiterated a “buy” rating and issued a $95.00 price objective on shares of Eli Lilly and in a report on Wednesday, October 4th. Jefferies Group reissued a “buy” rating and issued a $89.00 target price (down previously from $94.00) on shares of Eli Lilly and in a research report on Thursday, August 24th. Finally, BidaskClub lowered Eli Lilly and from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.

Eli Lilly and (LLY) traded down $1.39 during midday trading on Thursday, reaching $86.50. The company’s stock had a trading volume of 4,388,368 shares, compared to its average volume of 3,686,396. Eli Lilly and has a 1-year low of $69.66 and a 1-year high of $89.09. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock has a market cap of $95,475.95, a PE ratio of 21.20, a P/E/G ratio of 1.77 and a beta of 0.35.

Eli Lilly and (NYSE:LLY) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Eli Lilly and had a return on equity of 30.27% and a net margin of 9.90%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter last year, the business posted $0.88 EPS. The business’s revenue was up 9.0% on a year-over-year basis. equities analysts forecast that Eli Lilly and will post 4.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be given a $0.5625 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.25 annualized dividend and a dividend yield of 2.60%. This is a positive change from Eli Lilly and’s previous quarterly dividend of $0.52. Eli Lilly and’s dividend payout ratio is currently 98.58%.

In related news, major shareholder Lilly Endowment Inc sold 190,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $82.53, for a total transaction of $15,680,700.00. Following the completion of the transaction, the insider now owns 123,682,287 shares of the company’s stock, valued at approximately $10,207,499,146.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Alfonso G. Zulueta sold 2,003 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.67, for a total value of $167,591.01. Following the transaction, the senior vice president now directly owns 43,580 shares of the company’s stock, valued at approximately $3,646,338.60. The disclosure for this sale can be found here. Insiders sold a total of 841,088 shares of company stock valued at $72,120,286 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Accredited Investors Inc. increased its holdings in shares of Eli Lilly and by 0.4% in the 2nd quarter. Accredited Investors Inc. now owns 3,259 shares of the company’s stock worth $268,000 after purchasing an additional 14 shares in the last quarter. Northwest Quadrant Wealth Management LLC increased its holdings in shares of Eli Lilly and by 0.5% in the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 3,589 shares of the company’s stock worth $290,000 after purchasing an additional 19 shares in the last quarter. Oakworth Capital Inc. increased its holdings in shares of Eli Lilly and by 0.3% in the 2nd quarter. Oakworth Capital Inc. now owns 6,714 shares of the company’s stock worth $552,000 after purchasing an additional 20 shares in the last quarter. Sfmg LLC increased its holdings in shares of Eli Lilly and by 0.5% in the 2nd quarter. Sfmg LLC now owns 4,258 shares of the company’s stock worth $350,000 after purchasing an additional 20 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its holdings in shares of Eli Lilly and by 0.7% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,647 shares of the company’s stock worth $300,000 after purchasing an additional 24 shares in the last quarter. 76.42% of the stock is owned by institutional investors.

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About Eli Lilly and

Eli Lilly and Company is engaged in drug manufacturing business. The Company discovers, develops, manufactures and markets products in two segments: human pharmaceutical products and animal health products. The Company’s human pharmaceutical business segment sells medicines, which are discovered or developed by its scientists.

Analyst Recommendations for Eli Lilly and (NYSE:LLY)

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