Brokerages Set Illumina, Inc. (ILMN) Price Target at $205.83
Shares of Illumina, Inc. (NASDAQ:ILMN) have received an average recommendation of “Buy” from the twenty-five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $205.83.
ILMN has been the topic of several analyst reports. Barclays upped their target price on Illumina from $150.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Illumina from a “hold” rating to a “buy” rating and set a $229.00 target price on the stock in a report on Friday, October 27th. Canaccord Genuity reiterated a “buy” rating and set a $230.00 target price (up previously from $215.00) on shares of Illumina in a report on Thursday, October 12th. Piper Jaffray Companies reiterated an “overweight” rating and set a $226.00 target price (up previously from $202.00) on shares of Illumina in a report on Monday, October 9th. Finally, Janney Montgomery Scott upgraded Illumina from a “sell” rating to a “neutral” rating in a report on Monday, October 23rd.
In other Illumina news, Director Jay T. Flatley sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $211.11, for a total value of $4,222,200.00. Following the sale, the director now owns 539,176 shares in the company, valued at $113,825,445.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Oene Mark Van sold 9,729 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $211.33, for a total value of $2,056,029.57. Following the completion of the sale, the senior vice president now owns 24,908 shares in the company, valued at approximately $5,263,807.64. The disclosure for this sale can be found here. Insiders sold 166,150 shares of company stock worth $34,767,331 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.
Illumina (NASDAQ:ILMN) traded down $3.54 on Friday, reaching $214.11. The company had a trading volume of 677,611 shares, compared to its average volume of 953,297. Illumina has a fifty-two week low of $121.47 and a fifty-two week high of $230.72. The company has a market capitalization of $31,776.90, a price-to-earnings ratio of 63.64, a PEG ratio of 3.59 and a beta of 0.79. The company has a quick ratio of 3.73, a current ratio of 4.22 and a debt-to-equity ratio of 0.41.
Illumina (NASDAQ:ILMN) last released its earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The business had revenue of $714.00 million for the quarter, compared to analyst estimates of $692.77 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. Illumina’s revenue was up 17.6% on a year-over-year basis. equities research analysts anticipate that Illumina will post 3.75 earnings per share for the current year.
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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