Incyte Co. (INCY) PT Set at $167.00 by Credit Suisse Group AG

Credit Suisse Group AG set a $167.00 price target on Incyte Co. (NASDAQ:INCY) in a research report released on Wednesday, April 19th. The brokerage currently has a buy rating on the biopharmaceutical company’s stock.

Several other brokerages have also recently commented on INCY. Jefferies Group LLC reiterated a buy rating and issued a $140.00 target price on shares of Incyte in a report on Tuesday, February 21st. Instinet initiated coverage on shares of Incyte in a report on Wednesday, March 1st. They issued a buy rating and a $148.00 target price for the company. Royal Bank of Canada reissued an outperform rating and issued a $138.00 price target (up from $123.00) on shares of Incyte in a research report on Tuesday, February 14th. Raymond James Financial, Inc. lowered shares of Incyte from an outperform rating to a hold rating in a research report on Thursday, April 6th. Finally, TheStreet raised shares of Incyte from a c rating to a b- rating in a research report on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $139.93.

Shares of Incyte (NASDAQ:INCY) opened at 131.43 on Wednesday. The stock’s market capitalization is $26.91 billion. The stock’s 50 day moving average is $126.97 and its 200-day moving average is $119.23. Incyte has a one year low of $69.95 and a one year high of $153.15.

Incyte (NASDAQ:INCY) last announced its earnings results on Thursday, May 4th. The biopharmaceutical company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($0.97) by $0.01. Incyte had a net margin of 14.71% and a return on equity of 50.38%. The company had revenue of $384.08 million during the quarter, compared to analysts’ expectations of $359.19 million. During the same period last year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 45.8% on a year-over-year basis. On average, equities research analysts predict that Incyte will post ($0.76) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/05/20/incyte-co-incy-given-a-167-00-price-target-by-credit-suisse-group-ag-analysts-updated-updated-updated.html.

In other Incyte news, insider David W. Gryska sold 41,528 shares of Incyte stock in a transaction on Monday, April 10th. The shares were sold at an average price of $138.00, for a total transaction of $5,730,864.00. Following the sale, the insider now owns 20,754 shares in the company, valued at $2,864,052. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven H. Stein sold 32,000 shares of Incyte stock in a transaction on Friday, April 7th. The stock was sold at an average price of $137.88, for a total transaction of $4,412,160.00. Following the sale, the executive vice president now owns 41,648 shares in the company, valued at approximately $5,742,426.24. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 3,000 shares of company stock worth $398,770 and have sold 137,968 shares worth $19,395,245. 13.70% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of INCY. Tower Research Capital LLC TRC bought a new position in shares of Incyte during the first quarter worth about $105,000. FNY Partners Fund LP boosted its position in shares of Incyte by 4,825.0% in the first quarter. FNY Partners Fund LP now owns 985 shares of the biopharmaceutical company’s stock worth $131,000 after buying an additional 965 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Incyte by 1.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,322 shares of the biopharmaceutical company’s stock worth $133,000 after buying an additional 22 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Incyte by 6.8% in the first quarter. IFP Advisors Inc now owns 1,043 shares of the biopharmaceutical company’s stock worth $139,000 after buying an additional 66 shares during the last quarter. Finally, Howard Hughes Medical Institute boosted its position in shares of Incyte by 42.2% in the first quarter. Howard Hughes Medical Institute now owns 1,210 shares of the biopharmaceutical company’s stock worth $162,000 after buying an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.

Incyte Company Profile

Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).

12 Month Chart for NASDAQ:INCY

Receive News & Ratings for Incyte Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Incyte Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply