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What is Wall Street's Target Price for Elanco Animal Health Inc (ELAN) Stock Monday?

Monday, May 16, 2022 10:27 AM | InvestorsObserver Analysts
What is Wall Street's Target Price for Elanco Animal Health Inc (ELAN) Stock Monday?

Wall Street is positive on Elanco Animal Health Inc (ELAN). On average, analysts give the stock a Buy rating. The average price target is $35.6, which means analysts expect the stock to climb by 55.12% over the next twelve months. That average ranking earns the stock an Analyst Rating of 28, which is better than 28% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.9
Wall Street analysts are rating ELAN a Buy today. Find out what this means to you and get the rest of the rankings on ELAN!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Elanco Animal Health Inc Stock Today?

Elanco Animal Health Inc (ELAN) stock is trading at $22.95 as of 10:26 AM on Monday, May 16, a rise of $0.68, or 3.05% from the previous closing price of $22.27. The stock has traded between $22.48 and $23.02 so far today. Volume today is below average. So far 751,537 shares have traded compared to average volume of 4,366,326 shares. Click Here to get the full Stock Report for Elanco Animal Health Inc stock.

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