Elanco Animal Health Incorporated (ELAN) Is A Bargain Stock You …

Elanco Animal Health Incorporated (NYSE:ELAN) has a beta value of 0.97 and has seen 6.67 million shares traded in the last trading session. The company, currently valued at £4.37B, closed the last trade at £8.93 per share which meant it lost -£0.16 on the day or -1.76% during that session. The ELAN stock price is -209.07% off its 52-week high price of £27.60 and 2.8% above the 52-week low of £8.68.

If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.52 million shares traded. The 3-month trading volume is 7.70 million shares. The consensus among analysts is that Elanco Animal Health Incorporated (ELAN) is a Hold stock at the moment, with a recommendation rating of 2.80.

1 analysts rate the stock as a Sell, while 0 rate it as Overweight.

8 out of 12 have rated it as a Hold, with 3 advising it as a Buy.

0 have rated the stock as Underweight. The expected earnings per share for the stock is £0.13. Sporting -1.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 03/28/23 when the ELAN stock price touched £8.93 or saw a rise of 5.8%.

Year-to-date, Elanco Animal Health Incorporated shares have moved -26.92%, while the 5-day performance has seen it change -5.70%. Over the past 30 days, the shares of Elanco Animal Health Incorporated (NYSE:ELAN) have changed -22.95%. Short interest in the company has seen 21.17 million shares shorted with days to cover at 2.93.

Wall Street analysts have a consensus price target for the stock at £15.06, which means that the shares’ value could jump 40.7% from current levels. The projected low price target is £10.50 while the price target rests at a high of £20.00. In that case, then, we find that the current price level is -123.96% off the targeted high while a plunge would see the stock gain -17.58% from current levels.

Elanco Animal Health Incorporated (ELAN) estimates and forecasts

Figures show that Elanco Animal Health Incorporated shares have underperformed across the wider relevant industry.

The company’s shares have lost -29.46% over the past 6 months, with this year growth rate of -29.73%, compared to 0.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -38.10% and -8.30% for the next quarter.

Revenue growth from the last financial year stood is estimated to be -7.40%.

8 analysts offering their estimates for the company have set an average revenue estimate of £980.94 million for the current quarter.

6 have an estimated revenue figure of £1.16 billion for the next quarter concluding in Mar 2023. Year-ago sales stood £1.11 billion and £1.23 billion respectively for this quarter and the next, and analysts expect sales will shrink by -11.90% for the current quarter and -5.50% for the next. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 30.20% over the past 5 years.

Earnings growth for 2023 is a modest 83.90% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.

ELAN Dividends

Elanco Animal Health Incorporated is expected to release its next earnings report between May 08 and May 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Elanco Animal Health Incorporated (NYSE:ELAN)’s Major holders

Insiders own 0.27% of the company shares, while shares held by institutions stand at 99.29% with a share float percentage of 99.57%. Investors are also buoyed by the number of investors in a company, with Elanco Animal Health Incorporated having a total of 617 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 53.0 million shares worth more than £657.75 million.

As of Sep 29, 2022, Dodge & Cox Inc held 11.18% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 42.68 million shares as of Sep 29, 2022. The firm’s total holdings are worth over £529.61 million and represent 9.00% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard/Primecap Fund.

As of Dec 30, 2022, the former fund manager holds about 11.58% shares in the company for having 54.9 million shares of worth £670.92 million while later fund manager owns 13.51 million shares of worth £167.62 million as of Sep 29, 2022, which makes it owner of about 2.85% of company’s outstanding stock.

Tags:

fossil listed on couponmatrix.ukgo-outdoors listed on couponmatrix.ukthe-gym-king listed on couponmatrix.ukin-the-style listed on couponmatrix.ukkarcher listed on couponmatrix.ukvivienne-westwood listed on couponmatrix.uk
fossil listed on couponmatrix.ukFossil are the undisputed masters when it comes to making contemporary classics. Best known for their watches, they also make leather goods, jewelry and other accessories - all inspired by the very best ideas from yesteryear but with a 21st century twist. Use the Fossil discount code and you’ll be given preferential rates on a name that always stands for taste, but never stops moving forward. With dozens of sub-brands, licenced products and in-house designs you’re guaranteed to find something that you’ll want to keep wearing no matter what the occasion.
go-outdoors listed on couponmatrix.ukIf you want to be more active and enjoy the great outdoors there's only one place to shop - Go Outdoors. Carrying performance clothing, specialist sportswear, shoes, walking boots and much more, you will never be better prepared than after visiting their store. With a Go Outdoors discount code from us on board, you can stock up on the essentials for less! You will find great value items for walking, hiking, fishing, camping and more. With some of the top brands in outdoor clothing and options for every climate, you will be glad you visited Go Outdoors.
the-gym-king listed on couponmatrix.ukGym King is your go-to for super stylish athleisure wear. From super comfy tracksuits to form-fitting leggings, girls and guys alike will love these looks! Make the most of a Gym King discount code to cut the cost of your next haul - whether you’re hitting the gym, heading out for brunch or planning a big night in, there’s no reason you can’t look great doing it! Gym King clothing is the perfect combination of flattering and comfy - check out the range today for a wardrobe update.
in-the-style listed on couponmatrix.ukWhen your goal is glamour and you seek the latest celebrity fashion, look no further than In The Style. Showcasing gorgeous celeb-inspired threads alongside clothing collaborations from the hottest television stars, you can dress the part for less thanks to an In The Style discount code from Groupon. Whether you’re an Instagram fashionista, a huge fan of TV personalities or simply can’t resist the latest fashion trends, you know you’ll hit the spot when you shop In The Style.
karcher listed on couponmatrix.ukWelcome to the world of Karcher, the leading provider of cleaning technology. If you need to scrub, clean and rinse your home into a sparkling example of hygiene and cleanliness, look no further than Karcher. Here, you'll find the latest technology in pressure washers, vacuum cleaners, floor polishers and much much more. With Karcher discount codes you can enjoy deep cleaning for less. Love your home with Karcher.
vivienne-westwood listed on couponmatrix.ukIf you know Vivienne Westwood, you know runway fashion. Making headway since she exploded onto the punk and new wave scene in the 1970s, Vivienne Westwood has evolved along with the trends to deliver cutting-edge designer clothing for over 40 years. With the help of a Vivienne Westwood discount code, you and your wardrobe can get acquainted with the fashionista’s distinct flair for hundreds less, adding styles that get only better and more collectable with age.