Barclays analyst Balaji Prasad reiterated a Buy rating on Elanco Animal Health (ELAN – Research Report) yesterday and set a price target of $18.00. The company’s shares closed yesterday at $15.90.
According to TipRanks, Prasad is a 3-star analyst with an average return of 2.4% and a 46.30% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Coherus Biosciences, Idexx Laboratories, and Teva Pharmaceutical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Elanco Animal Health with a $16.21 average price target.
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The company has a one-year high of $15.94 and a one-year low of $7.88. Currently, Elanco Animal Health has an average volume of 5.33M.
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Elanco Animal Health (ELAN) Company Description:
Elanco Animal Health, Inc. engages in the innovation, development, manufacture and market products for companion and food animals. It offers products through the following four categories: Companion Animal Disease Prevention, Companion Animal Therapeutics, Food Animal Future Protein & Health, and Food Animal Ruminants & Swine. The Companion Animal Disease Prevention category engages in the broadest parasiticide portfolios in the companion animal sector based on indications, species and formulations, with products that protect pets from worms, fleas and ticks. The Companion Animal Therapeutics category provides the details of broad pain and osteoarthritis portfolio across species, modes of action, indications and disease stages. The Food Animal Future Protein & Health category includes vaccines, nutritional enzymes and animal-only antibiotics, serves the growing demand for protein and includes innovative products in poultry and aquaculture production, where demand for animal health products is outpacing overall industry growth. It also focuses on developing functional nutritional health products that promote food animal health, including enzymes, probiotics and prebiotics. The Food Animal Ruminants & Swine category develops animal food products used in ruminant and swine production. The company was founded on May 3, 2018 and is headquartered in Greenfield, IN.
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