Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $96.81 on Eli Lilly and Company (NYSE:LLY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.59 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Eli Lilly and Company (NYSE:LLY) stands at 34.58.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Eli Lilly and Company Common St, the PEG ratio for coming 3-5 years is 1.71.
The technical analysis highlights that Eli Lilly and Company Common St current is trading $-0.09 points away or -0.12% from its 50-day moving average of $80.31. Further it is trading $4.25 or +5.60% away its 200-day moving average of $75.97.
The 52-week high of Eli Lilly and Company (NYSE:LLY) was $92.85 while lowest point recorded in 52-week was $67.88. It implies if stock price makes a movement of over $-12.63, it will record a new 52-week high. In the case of +18.18% drop, it will touch a new 52-week low.
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