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Thursday, January 27, 2022

Elanco Animal Health Incorporated (NYSE:ELAN) on the Path to Ruin

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Elanco Animal Health Incorporated (ELAN) shares are trading at lower $30.41 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $28.50.

To add more color to this target, the company’s high over the last year is $34.09 and the low is $15.17. Over the last 52 weeks, ELAN is up 16.78% while the S&P 500 is up 14.62%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ELAN reported a profit of $290.4 million. Elanco Animal Health Incorporated also saw revenues increase to $586.3 million. In addition, ELAN has free cash flow of $163.6 million as of 06-2020. The company’s EBITDA came in at -$19.3 million which compares well with its peers.

ELAN booked profit margins of -3.60%, its Return on Equity (ROE) is -1.70%, and its Return on Assets is -1.10%. All told, it is clear that, ELAN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ELAN has a short ratio of 5.49 and outstanding shares of 413.20M.

Company Outlook

ELAN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.25 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.25. Elanco Animal Health Incorporated ELAN also noted assets of $9.88 billion at the end of the last quarter. Investors should also keep an eye on sector updates as ELAN has historically followed its peers on positive news.

All told, Elanco Animal Health Incorporated ELAN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ELAN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Elanco Animal Health Incorporated ELAN is now commanding a market cap of 14.48B and a float of 397.62M. ELAN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ELAN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ELAN, either long or short, and we have not been compensated for this article.

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