How Do Elanco Animal Health Inc (NYSE:ELAN)’s Fundamentals Affect Performance

The price of Elanco Animal Health Inc (NYSE:ELAN) shares last traded on Wall Street rose 1.40% to $10.85.

Based on available information, 11 analysts follow Elanco Animal Health Inc (NYSE:ELAN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $10.00, we find $13.50. Given the previous closing price of $10.70, this indicates a potential upside of 26.17 percent. ELAN stock price is now 3.09% away from the 50-day moving average and 2.65% away from the 200-day moving average. The market capitalization of the company currently stands at $5.35B.

Among analysts, 6 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $13.50 as their price target over the next twelve months.

With the price target maintained at $14, Barclays recently Upgraded its rating from Equal Weight to Overweight for Elanco Animal Health Inc (NYSE: ELAN).

In other news, HOOVER R DAVID, Director bought 5,000 shares of the company’s stock on Mar 14. The stock was bought for $47,750 at an average price of $9.55. Upon completion of the transaction, the Director now directly owns 165,000 shares in the company, valued at $1.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Director HOOVER R DAVID bought 5,000 shares of the business’s stock. A total of $47,288 was incurred on buying the stock at an average price of $9.46. This leaves the insider owning 160,000 shares of the company worth $1.74 million. Insiders disposed of 392,164 shares of company stock worth roughly $4.25 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.

A candlestick chart of Elanco Animal Health Inc (NYSE: ELAN) showed a price of $10.70 on Wednesday morning. During the past 12 months, Elanco Animal Health Inc has had a low of $7.88 and a high of $14.69. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 2.84, and a quick ratio of 1.53. The fifty day moving average price for ELAN is $10.52 and a two-hundred day moving average price translates $10.57 for the stock.

The latest earnings results from Elanco Animal Health Inc (NYSE: ELAN) was released for Sep, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.05 by 0.13. This compares to -$0.13 EPS in the same period last year. The net profit margin was -2.24% and return on equity was -1.33% for ELAN. The company reported revenue of $1.07 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.09 percent. For the current quarter, analysts expect ELAN to generate $1.04B in revenue.

Elanco Animal Health Inc(ELAN) Company Profile

Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for pets and farm animals. It offers pet health disease prevention products, such as parasiticide and vaccine products that protect pets from worms, fleas, and ticks under the Seresto, Advantage, Advantix, and Advocate brands; pet health therapeutics for pain, osteoarthritis, ear infections, cardiovascular, and dermatology indications in canines and felines under the Galliprant and Claro brands; vaccines, antibiotics, parasiticides, and other products for use in poultry and aquaculture production, as well as nutritional health products, including enzymes, probiotics, and prebiotics; and a range of vaccines, antibiotics, implants, parasiticides, and other products used in ruminant and swine production under the Rumensin and Baytril brands. The company sells its products to third-party distributors; veterinarians; and farm animal producers, including beef and dairy farmers, as well as pork, poultry, and aquaculture operations. The company was founded in 1954 and is headquartered in Greenfield, Indiana.

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