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In the latest session, Elanco Animal Health Inc (NYSE: ELAN) closed at $14.55 down -0.75% from its previous closing price of $14.66. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 2.57 million shares were traded. ELAN stock price reached its highest trading level at $14.85 during the session, while it also had its lowest trading level at $14.38.
Ratios:
For a deeper understanding of Elanco Animal Health Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.92. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on September 19, 2024, Downgraded its rating to Equal-Weight and sets its target price to $15 from $17 previously.
On January 05, 2024, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $13 to $20.
On December 19, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $17.Jefferies initiated its Buy rating on December 19, 2023, with a $17 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 22 ’24 when Harrington Michael J bought 3,500 shares for $14.85 per share. The transaction valued at 51,974 led to the insider holds 81,094 shares of the business.
Simmons Jeffrey N bought 100,000 shares of ELAN for $1,300,610 on Aug 12 ’24. The PRESIDENT, CEO AND DIRECTOR now owns 145,000 shares after completing the transaction at $13.01 per share. On May 21 ’24, another insider, DOYLE WILLIAM F, who serves as the Director of the company, bought 15,000 shares for $16.98 each. As a result, the insider paid 254,700 and bolstered with 76,330 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELAN now has a Market Capitalization of 7192428544 and an Enterprise Value of 12452429824. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 2.772 whereas that against EBITDA is 13.462.
Stock Price History:
The Beta on a monthly basis for ELAN is 1.40, which has changed by 0.4616152 over the last 52 weeks, in comparison to a change of 0.3069358 over the same period for the S&P500. Over the past 52 weeks, ELAN has reached a high of $18.80, while it has fallen to a 52-week low of $8.52. The 50-Day Moving Average of the stock is 2.76%, while the 200-Day Moving Average is calculated to be -3.86%.
Shares Statistics:
For the past three months, ELAN has traded an average of 5.03M shares per day and 4941490 over the past ten days. A total of 492.85M shares are outstanding, with a floating share count of 488.20M. Insiders hold about 1.24% of the company’s shares, while institutions hold 97.76% stake in the company. Shares short for ELAN as of 1726185600 were 12093003 with a Short Ratio of 2.40, compared to 1723680000 on 12077023. Therefore, it implies a Short% of Shares Outstanding of 12093003 and a Short% of Float of 3.92.
