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.

end-clothing listed on couponmatrix.uklidl listed on couponmatrix.ukpicturehouse-cinemas listed on couponmatrix.ukraging-bull listed on couponmatrix.ukshedstore listed on couponmatrix.ukties-planet listed on couponmatrix.uk
end-clothing listed on couponmatrix.ukIf you’re on the hunt for your next fashion fix then you’ll be sure to find it at END where the biggest designers are available at great prices, all in one place for your convenience! With an End Clothing promo code you’ll be able to bag yourself some Balmain without busting your budget.
lidl listed on couponmatrix.ukA family favourite for many bargain-hungry Brits, Lidl has won over millions thanks to its tantalising food, drink and home bargains. Offering up fresh groceries in hundreds of stores nationwide, you can lower the cost of their already well-priced produce with a Lidl voucher handy. Whether you’re looking to conjure up a steak dinner on a budget or resupply on some baby essentials, find all the must-haves you need for less at Lidl.
picturehouse-cinemas listed on couponmatrix.ukIf you’re a cinema connoisseur or can’t get enough musicals in your life, there’s no better place to catch whatever you want to see than Picturehouse Cinemas. Available across the UK, with restaurants and even bars in selected cinemas, we’ll help you save on the latest blockbusters and indie films with our Picturehouse discount codes. Check Groupon the next time you want to hit the big screen with some popcorn, and we’ll help you get a discount on the whole package.
raging-bull listed on couponmatrix.ukWith origins in the English Rugby World Cup victory of 2003, Raging Bull has grown from sportswear through to iconic lifestyle clothing. Still sporting its original selection of high-performance gear for rugby, fans of the sports can guarantee a great deal on top-quality clothing with a Raging Bull discount code. Regardless of if you came to prepare for a game or to effortlessly stun in a new fine shirt, Raging Bull offers all you need to look and feel your best both on and off the playing field. Groupon is the best place to find discount codes for Raging Bull Clothing. We work hard to find the best discount codes and share them with our customers so they can save money on their purchase. Whether you’re looking for a new pair of jeans or a new shirt, we have Raging Bull discount codes that will help you save money on your purchase. One of Raging Bull’s bestselling threads is its phenomenal collection of sweatshirts. Great to wear both indoors and out, these cosy cotton pieces are perfect for a chilly day and are available in a variety of colours. Plus, with a Raging Bull voucher code, you snag one at an even better price! Backed by a snug selection of hoodies, every man is free to keep comfy and warm whatever the weather.
shedstore listed on couponmatrix.ukWelcome to Shedstore, the ultimate outlet for garden sheds, cabins, summer houses, green houses, fences and more. No matter what time of the year, there's nothing like a beautiful shed to liven up the garden. Shedstore provide only the highest quality products made from the finest material, creating tough, durable and attractive garden pieces. With Shedstore discount codes you can enjoy spicing up your garden for less. If you love the outdoors, you'll also love Shedstore's range of outdoor decking, furniture, features and even BBQs. Get creative with Shedstore.
ties-planet listed on couponmatrix.ukFrom traditional to modern, there’s a tie for every occasion at Ties Planet, including fun novelty ties to spark conversations, business-approved ties for the office and bow ties for a quirky twist! Pair your new tie with one of our Ties Planet discount codes and you’ll walk away with a new look that costs less than you thought. Ties Planet has a great clearance section with over 50% off luxury and cotton ties, and you can get free delivery when you spend £10 or more. Keep checking back here for more great Ties Planet deals. Whether you need a tie for a special occasion or just want to add to your collection, we’ve curated a list of the best Ties Planet promotions so you can save money on this essential accessory. Check out the free tie swatches available to find the perfect match for a big event, and explore the Ties Planet sale for extra discounts. The most important part is to check Groupon first for the latest and greatest Ties Planet offers! While everyone knows this brand for ties, we’d like to bring some attention to Ties Planet socks. Ever fretted over matching your tie to your socks? Fret no more! You can find the sock equivalent of your Ties Planet tie in the exact same colour and pattern. Get more of the accessories you love without overspending with a Ties Planet promo code from Groupon, and you could find yourself the proud owner of the dream tie and socks combo.