Raymond James Financial Analysts Give Incyte (NASDAQ:INCY) a $85.00 Price Target

Marco Green
April 16, 2018

On Friday, Incyte Corporation (INCY) made the way into the market positive movers list with rising 0.42%. The stock, as of last trade, has shown weekly return of 9.53%, which was maintained at -24.00% in 1-month period. The company had a trading volume of 253,111 shares, compared to its average volume of 2,181,202. Relative strength indexes (RSI-14) for Incyte Corporation (NASDAQ:INCY) is at 36.09. It has underperformed by 50.77% the S&P500.

Oxbow Advisors Llc decreased Visa Inc Cl A Common Stock (V) stake by 30.96% reported in 2017Q4 SEC filing. Market capitalization is simply the value that can get when multiply all the outstanding shares of a stock by the price of a single share. Stifel Financial Corp now owns 23,457 shares of the biopharmaceutical company's stock valued at $2,732,000 after purchasing an additional 876 shares during the period. The stock decreased 0.26% or $0.32 during the last trading session, reaching $120.75. The stock trades on a P/S of 9.63, which suggests that the shares are attractive compared with peers. It has outperformed by 25.17% the S&P500.

Investors sentiment increased to 1.06 in 2017 Q4.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity.

Institutional investors have recently bought and sold shares of the business. 138 funds opened positions while 466 raised stakes. Funds hold 191.73 million shares thus 1.46% more from 2017Q3's 188.97 million shares. Tiaa Cref Inv Ltd Liability Corporation holds 621,832 shares or 0.04% of its portfolio. Ltd. now owns 39,898 shares of the biopharmaceutical company's stock valued at $4,658,000 after acquiring an additional 912 shares during the period. 9,768 were reported by Gateway Invest Advisers Llc. Segment Wealth Lc has 7,863 shares for 0.12% of their portfolio. Scout Investments invested in 46,916 shares. Shine Advisory Incorporated invested in 0.12% or 3,838 shares. (NASDAQ:INCY) in a research note released on Wednesday morning. Quantbot Techs LP holds 0% or 102 shares. Great Point Ptnrs Ltd Liability Corp reported 70,323 shares. Bnp Paribas Asset Management Sa stated it has 0.03% of its capital in Incyte Corporation (NASDAQ:INCY). Pnc Serv Grp Inc holds 0% in Incyte Corporation (NASDAQ:INCY) or 41,141 shares. Principal Fincl Grp Incorporated has invested 0.02% in Incyte Corporation (NASDAQ:INCY).

In other news, EVP Reid M. Huber sold 1,958 shares of the company's stock in a transaction that occurred on Wednesday, February 21st.

Among 27 analysts covering Incyte (NASDAQ:INCY), 20 have Buy rating, 0 Sell and 7 Hold. Therefore 69% are positive. The stock has "Overweight" rating by Barclays Capital on Thursday, August 13. Berson & Corrado Investment Advisors Llc who had been investing in Incyte Corporation for a number of months, seems to be bullish on the $14.85 billion market cap company. The stock has "Buy" rating by BMO Capital Markets on Tuesday, January 2. Nomura reiterated a buy rating on shares of Incyte in a research note on Thursday, February 1st. As per Wednesday, August 5, the company rating was maintained by UBS. Firm's net income measured an average growth rate of -35.00%. The stock of Incyte Corporation (NASDAQ:INCY) has "Overweight" rating given on Monday, April 9 by JP Morgan.

Incyte Corporation (NASDAQ:INCY) closed at $70.12 a share in the latest session and the stock value rose nearly -25.96% since the beginning of this year.

Among 42 analysts covering Visa Inc. Visa Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Thursday, February 1. $114's average target is 62.58% above currents $70.12 stock price. The stock of Visa Inc. Piper Jaffray maintained Wells Fargo & Company (NYSE:WFC) rating on Friday, July 28. BMO Capital Markets maintained Incyte Corporation (NASDAQ:INCY) on Wednesday, November 1 with "Outperform" rating. As per Thursday, February 15, the company rating was maintained by Raymond James. The firm earned "Outperform" rating on Friday, February 12 by Oppenheimer. The firm earned "Buy" rating on Thursday, August 31 by J.P. Morgan. Shares for $5.65 million were sold by MAHON TULLIER KELLY on Friday, December 15.

Oxbow Advisors Llc increased Hanesbrands Inc (NYSE:HBI) stake by 105,900 shares to 147,330 valued at $3.08M in 2017Q4. Spectra Energy Prtnrs Lp (NYSE:SEP) was raised too.

Analysts await Baidu, Inc. (NYSE:V) to report earnings on April, 19. During the key period of last 5 years, CNX Resources Corporation (NYSE:CNX) sales have annually surged -18.50% on average, however its earnings per share growth remained at -1.70%. V's profit will be $2.28 billion for 29.89 P/E if the $1.01 EPS becomes a reality. The biopharmaceutical company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.52) by $0.54.

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