Morgan Stanley slashes price target on Gilead Sciences Inc. [GILD] – find out why.

Gilead Sciences Inc. [NASDAQ: GILD] gained 5.91% or 3.74 points to close at $67.07 with a heavy trading volume of 18374869 shares. The company report on January 19, 2021 that Francesco M. Marincola Joins Kite as Worldwide Head of Cell Therapy Research.

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— Research Veteran Brings More than 30 Years of Industry and NIH Experience to Kite Leadership Team –.

Kite, a Gilead Company (Nasdaq: GILD), announced that Francesco Marincola, MD, will join the company as Senior Vice President and Global Head of Cell Therapy Research, effective February 1. Dr. Marincola will lead Kite’s Research organization across hematological malignancies and solid tumors.

It opened the trading session at $64.73, the shares rose to $68.157 and dropped to $64.60, the range by which the price of stock traded the whole day. The daily chart for GILD points out that the company has recorded -14.10% loss over the past six months. However, it is still -18.58% lower than its most recent low trading price.

If we look at the average trading volume of 9.86M shares, GILD reached to a volume of 18374869 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Gilead Sciences Inc. [GILD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GILD shares is $72.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GILD stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Gilead Sciences Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 19, 2021. The new note on the price target was released on January 04, 2021, representing the official price target for Gilead Sciences Inc. stock. Previously, the target price had yet another raise to $67, while Morgan Stanley analysts kept a Equal-Weight rating on GILD stock.

The Average True Range (ATR) for Gilead Sciences Inc. is set at 1.48, with the Price to Sales ratio for GILD stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 4.83, with the Price to Cash per share for the same quarter was set at 19.41. Price to Free Cash Flow for GILD in the course of the last twelve months was 17.37 with Quick ratio for the last quarter at 3.10.

Trading performance analysis for GILD stock

Gilead Sciences Inc. [GILD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.29. With this latest performance, GILD shares gained by 13.79% in over the last four-week period, additionally sinking by -14.10% over the last 6 months – not to mention a rise of 6.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GILD stock in for the last two-week period is set at 76.43, with the RSI for the last a single of trading hit 82.46, and the three-weeks RSI is set at 70.99 for Gilead Sciences Inc. [GILD]. The present Moving Average for the last 50 days of trading for this stock 60.27, while it was recorded at 63.28 for the last single week of trading, and 68.33 for the last 200 days.

Gilead Sciences Inc. [GILD]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Gilead Sciences Inc. [GILD] shares currently have an operating margin of +22.22 and a Gross Margin at +79.06. Gilead Sciences Inc.’s Net Margin is presently recorded at +24.13.

Return on Total Capital for GILD is now 10.25, given the latest momentum, and Return on Invested Capital for the company is 11.81. Return on Equity for this stock inclined to 24.53, with Return on Assets sitting at 8.60. When it comes to the capital structure of this company, Gilead Sciences Inc. [GILD] has a Total Debt to Total Equity ratio set at 112.40. Additionally, GILD Total Debt to Total Capital is recorded at 52.92, with Total Debt to Total Assets ending up at 41.08. Long-Term Debt to Equity for the company is recorded at 100.87, with the Long-Term Debt to Total Capital now at 47.49.

Reflecting on the efficiency of the workforce at the company, Gilead Sciences Inc. [GILD] managed to generate an average of $456,441 per employee. Receivables Turnover for the company is 6.46 with a Total Asset Turnover recorded at a value of 0.36.Gilead Sciences Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.30.

Gilead Sciences Inc. [GILD]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Gilead Sciences Inc. posted 1.3/share EPS, while the average EPS was predicted by analysts to be reported at 1.67/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -22.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GILD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gilead Sciences Inc. go to 1.70%.

An analysis of insider ownership at Gilead Sciences Inc. [GILD]

There are presently around $64,530 million, or 80.10% of GILD stock, in the hands of institutional investors. The top three institutional holders of GILD stocks are: BLACKROCK INC. with ownership of 117,783,804, which is approximately 1.683% of the company’s market cap and around 0.11% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 117,113,247 shares of the stock with an approximate value of $7.85 billion in GILD stocks shares; and VANGUARD GROUP INC, currently with $6.89 billion in GILD stock with ownership of nearly -1.995% of the company’s market capitalization.

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Positions in Gilead Sciences Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 691 institutional holders increased their position in Gilead Sciences Inc. [NASDAQ:GILD] by around 43,933,510 shares. Additionally, 838 investors decreased positions by around 62,672,659 shares, while 180 investors held positions by with 855,526,592 shares. The mentioned changes placed institutional holdings at 962,132,761 shares, according to the latest SEC report filing. GILD stock had 107 new institutional investments in for a total of 6,832,737 shares, while 187 institutional investors sold positions of 6,298,709 shares during the same period.

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