Stifel slashes price target on Elanco Animal Health Incorporated [ELAN] – find out why.

Elanco Animal Health Incorporated [NYSE: ELAN] loss -2.02% on the last trading session, reaching $30.56 price per share at the time. The company report on April 22, 2021 that Elanco Animal Health and Ducks Unlimited Announce Partnership to Advance Beef Industry Environmental Stewardship Efforts.

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Elanco to invest $150,000 through 2023 to support grassland restoration.

, Elanco and Ducks Unlimited announced a partnership emphasizing the strong bond between environmental sustainability and agriculture – specifically beef cattle production – across North America. Beginning in 2021 and through 2023, Elanco will invest $50,000 annually with Ducks Unlimited to help purchase grass seed to support reseeding efforts on working lands in western Kansas.

Elanco Animal Health Incorporated represents 486.10 million in outstanding shares, while the company has a total market value of $14.55 billion with the latest information. ELAN stock price has been found in the range of $30.50 to $31.30.

If compared to the average trading volume of 4.20M shares, ELAN reached a trading volume of 5140449 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 Elanco Animal Health Incorporated [ELAN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ELAN shares is $33.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ELAN 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.

Stifel have made an estimate for Elanco Animal Health Incorporated shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 15, 2021. The new note on the price target was released on March 22, 2021, representing the official price target for Elanco Animal Health Incorporated stock. Previously, the target price had yet another raise from $33 to $38, while Credit Suisse kept a Outperform rating on ELAN stock.

The Average True Range (ATR) for Elanco Animal Health Incorporated is set at 0.90, with the Price to Sales ratio for ELAN stock in the period of the last 12 months amounting to 4.45. The Price to Book ratio for the last quarter was 1.75, with the Price to Cash per share for the same quarter was set at 1.04.

Trading performance analysis for ELAN stock

Elanco Animal Health Incorporated [ELAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.19. With this latest performance, ELAN shares gained by 6.85% in over the last four-week period, additionally sinking by -2.08% over the last 6 months – not to mention a rise of 27.33% 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 ELAN stock in for the last two-week period is set at 53.23, with the RSI for the last a single of trading hit 56.63, and the three-weeks RSI is set at 51.56 for Elanco Animal Health Incorporated [ELAN]. The present Moving Average for the last 50 days of trading for this stock 30.69, while it was recorded at 30.48 for the last single week of trading, and 29.06 for the last 200 days.

Elanco Animal Health Incorporated [ELAN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Elanco Animal Health Incorporated [ELAN] shares currently have an operating margin of -2.35 and a Gross Margin at +38.09. Elanco Animal Health Incorporated’s Net Margin is presently recorded at -17.11.

Return on Total Capital for ELAN is now -0.67, given the latest momentum, and Return on Invested Capital for the company is -5.06. Return on Equity for this stock declined to -7.99, with Return on Assets sitting at -4.20. When it comes to the capital structure of this company, Elanco Animal Health Incorporated [ELAN] has a Total Debt to Total Equity ratio set at 74.51. Additionally, ELAN Total Debt to Total Capital is recorded at 42.70, with Total Debt to Total Assets ending up at 35.69. Long-Term Debt to Equity for the company is recorded at 67.53, with the Long-Term Debt to Total Capital now at 38.70.

Reflecting on the efficiency of the workforce at the company, Elanco Animal Health Incorporated [ELAN] managed to generate an average of -$59,585 per employee. Receivables Turnover for the company is 3.33 with a Total Asset Turnover recorded at a value of 0.25.Elanco Animal Health Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.60.

Elanco Animal Health Incorporated [ELAN]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Elanco Animal Health Incorporated posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -45.80%. 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 ELAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Elanco Animal Health Incorporated go to 7.45%.

An analysis of insider ownership at Elanco Animal Health Incorporated [ELAN]

There are presently around $14,002 million, or 99.00% of ELAN stock, in the hands of institutional investors. The top three institutional holders of ELAN stocks are: VANGUARD GROUP INC with ownership of 41,732,062, which is approximately 5.612% of the company’s market cap and around 0.30% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 41,440,580 shares of the stock with an approximate value of $1.27 billion in ELAN stocks shares; and JANUS HENDERSON GROUP PLC, currently with $1.07 billion in ELAN stock with ownership of nearly -2.826% of the company’s market capitalization.

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Positions in Elanco Animal Health Incorporated stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 264 institutional holders increased their position in Elanco Animal Health Incorporated [NYSE:ELAN] by around 85,246,560 shares. Additionally, 135 investors decreased positions by around 39,987,602 shares, while 70 investors held positions by with 332,954,701 shares. The mentioned changes placed institutional holdings at 458,188,863 shares, according to the latest SEC report filing. ELAN stock had 103 new institutional investments in for a total of 16,617,941 shares, while 35 institutional investors sold positions of 2,142,318 shares during the same period.

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