Eli Lilly and Co. (NYSE:LLY) was downgraded by Atlantic Securities from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday.

Other research analysts also recently issued reports about the company. Argus raised their price objective on Eli Lilly and from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research raised Eli Lilly and from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Friday, July 29th. Leerink Swann reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Eli Lilly and in a report on Saturday, August 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of Eli Lilly and in a report on Wednesday, August 3rd. Finally, BMO Capital Markets lowered Eli Lilly and from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $91.00 to $64.00 in a report on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $108.34.

Analyst Recommendations for Eli Lilly and (NYSE:LLY)

Shares of Eli Lilly and (NYSE:LLY) opened at 67.20 on Friday. The firm has a market capitalization of $71.08 billion, a price-to-earnings ratio of 29.23 and a beta of 0.28. The firm has a 50-day moving average price of $76.26 and a 200 day moving average price of $77.88. Eli Lilly and has a 12 month low of $64.18 and a 12 month high of $88.16.

Eli Lilly and (NYSE:LLY) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. Eli Lilly and had a net margin of 11.73% and a return on equity of 23.71%. The company earned $5.19 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Eli Lilly and will post $3.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.04%. Eli Lilly and’s payout ratio is currently 88.70%.

WARNING: This story was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this story can be read at https://www.thecerbatgem.com/2016/11/29/eli-lilly-and-co-lly-stock-rating-lowered-by-atlantic-securities.html.

In other news, insider Maria A. Crowe sold 2,248 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $81.37, for a total transaction of $182,919.76. Following the completion of the sale, the insider now owns 94,319 shares in the company, valued at $7,674,737.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LLY. RWC Asset Management LLP increased its stake in Eli Lilly and by 3.7% in the third quarter. RWC Asset Management LLP now owns 712,392 shares of the company’s stock worth $57,177,000 after buying an additional 25,429 shares during the last quarter. ETRADE Capital Management LLC increased its stake in Eli Lilly and by 37.7% in the third quarter. ETRADE Capital Management LLC now owns 12,904 shares of the company’s stock worth $1,036,000 after buying an additional 3,531 shares during the last quarter. D.A. Davidson & CO. increased its stake in Eli Lilly and by 53.1% in the third quarter. D.A. Davidson & CO. now owns 41,009 shares of the company’s stock worth $3,289,000 after buying an additional 14,215 shares during the last quarter. Sheets Smith Wealth Management increased its stake in Eli Lilly and by 28.8% in the third quarter. Sheets Smith Wealth Management now owns 3,801 shares of the company’s stock worth $305,000 after buying an additional 851 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in Eli Lilly and during the third quarter worth $17,345,000. Institutional investors own 73.93% of the company’s stock.

Eli Lilly and Company Profile

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.

5 Day Chart for NYSE:LLY

Receive News & Stock Ratings for Eli Lilly and Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eli Lilly and Co. and related stocks with our FREE daily email newsletter.