Illumina, Inc. (ILMN) Receives Average Recommendation of “Buy” from Brokerages
Shares of Illumina, Inc. (NASDAQ:ILMN) have been assigned a consensus rating of “Buy” from the twenty-five research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $205.83.
A number of brokerages have recently commented on ILMN. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $205.00 price objective (up previously from $200.00) on shares of Illumina in a research report on Wednesday, October 25th. Zacks Investment Research raised Illumina from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a research report on Tuesday, December 5th. Bank of America lifted their price objective on Illumina from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. BidaskClub downgraded Illumina from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Vetr raised Illumina from a “hold” rating to a “buy” rating and set a $217.50 price objective for the company in a research report on Tuesday, September 19th.
In other Illumina news, Director Jay T. Flatley sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $212.55, for a total transaction of $4,251,000.00. Following the completion of the sale, the director now owns 505,980 shares of the company’s stock, valued at $107,546,049. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert S. Epstein sold 1,250 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.55, for a total value of $283,187.50. Following the sale, the director now directly owns 9,088 shares of the company’s stock, valued at approximately $2,058,886.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,421 shares of company stock valued at $28,489,101. 0.89% of the stock is owned by company insiders.
Illumina (ILMN) traded up $1.91 during midday trading on Friday, hitting $214.55. The stock had a trading volume of 502,754 shares, compared to its average volume of 951,310. Illumina has a 12 month low of $124.82 and a 12 month high of $230.72. The firm has a market capitalization of $31,270.00, a PE ratio of 62.60, a price-to-earnings-growth ratio of 3.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.73 and a current ratio of 4.22.
Illumina (NASDAQ:ILMN) last released its quarterly earnings results on Tuesday, October 24th. The life sciences company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.12. Illumina had a return on equity of 19.42% and a net margin of 30.34%. The company had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $692.77 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. analysts forecast that Illumina will post 3.75 EPS for the current fiscal year.
Illumina Company Profile
Illumina, Inc (Illumina) is a provider of sequencing- and array-based solutions for genetic analysis. The Company operates through two segments: Core Illumina and the consolidated variable interest entities (VIEs), which include the activities of GRAIL, Inc (GRAIL) and Helix Holdings I, LLC (Helix). Core Illumina consists of its core operations.
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