Elanco Animal Health Incorporated [ELAN] Is Currently 1.01 below its 200 Period Moving Avg: What Dose This Mean?

Elanco Animal Health Incorporated [NYSE: ELAN] surged by $0.36 during the normal trading session on Thursday and reaching a high of $36.08 during the day while it closed the day at $36.03. The company report on July 12, 2021 that Elanco Confirms Date and Conference Call for Second Quarter 2021 Financial Results Announcement.

Elanco Animal Health Incorporated (NYSE: ELAN) will announce its second quarter 2021 financial results on Monday, August 9, 2021. Elanco will also conduct a conference call on that day with the investment community and media to further detail the company’s performance.

The conference call will begin at 8:00 a.m. eastern time. Investors, media, and the general public can access a live webcast of the conference call through the link that will be posted on Elanco’s website at https://investor.elanco.com/events-and-presentations/default.aspx. A replay will also be available on the website shortly following the call.

Elanco Animal Health Incorporated stock has also gained 5.26% of its value over the past 7 days. However, ELAN stock has inclined by 17.90% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.56% and gained 17.48% year-on date.

The market cap for ELAN stock reached $17.03 billion, with 486.70 million shares outstanding and 453.15 million shares in the current float. Compared to the average trading volume of 3.52M shares, ELAN reached a trading volume of 1788458 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $35.30 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 2.20. 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.

Cleveland Research have made an estimate for Elanco Animal Health Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 15, 2021. The new note on the price target was released on May 11, 2021, representing the official price target for Elanco Animal Health Incorporated stock. Previously, the target price had yet another raise from $25 to $29, while Barclays kept a Equal Weight rating on ELAN stock.

The Average True Range (ATR) for Elanco Animal Health Incorporated is set at 0.79, with the Price to Sales ratio for ELAN stock in the period of the last 12 months amounting to 4.41. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 1.09.

ELAN stock trade performance evaluation

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 5.26. With this latest performance, ELAN shares gained by 2.39% in over the last four-week period, additionally plugging by 18.56% over the last 6 months – not to mention a rise of 53.52% 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 64.42, with the RSI for the last a single of trading hit 71.14, and the three-weeks RSI is set at 61.23 for Elanco Animal Health Incorporated [ELAN]. The present Moving Average for the last 50 days of trading for this stock 34.84, while it was recorded at 35.14 for the last single week of trading, and 31.72 for the last 200 days.

Elanco Animal Health Incorporated [ELAN]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for Elanco Animal Health Incorporated [ELAN] stock

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 11.00%.

Elanco Animal Health Incorporated [ELAN]: Insider Ownership positions

There are presently around $17,068 million, in the hands of institutional investors. The top three institutional holders of ELAN stocks are: VANGUARD GROUP INC with ownership of 42,146,299, which is approximately 0.993% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 41,773,539 shares of the stock with an approximate value of $1.51 billion in ELAN stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $1.14 billion in ELAN stock with ownership of nearly -2.976% 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 August and at the time of the August reporting period, where 254 institutional holders increased their position in Elanco Animal Health Incorporated [NYSE:ELAN] by around 52,946,409 shares. Additionally, 174 investors decreased positions by around 32,850,618 shares, while 75 investors held positions by with 387,917,750 shares. The mentioned changes placed institutional holdings at 473,714,777 shares, according to the latest SEC report filing. ELAN stock had 71 new institutional investments in for a total of 13,498,577 shares, while 63 institutional investors sold positions of 8,111,737 shares during the same period.

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