Incyte Corporation (NASDAQ:INCY)‘s stock had its “buy” rating restated by Argus in a report issued on Wednesday. They presently have a $150.00 price target on the biopharmaceutical company’s stock. Argus’ price target indicates a potential upside of 25.23% from the stock’s current price.

A number of other equities analysts also recently commented on INCY. Jefferies Group LLC restated a “buy” rating and issued a $148.00 price objective on shares of Incyte Corporation in a report on Thursday, May 18th. Morgan Stanley reiterated an “overweight” rating and set a $142.00 target price on shares of Incyte Corporation in a report on Friday, May 19th. J P Morgan Chase & Co set a $149.00 target price on Incyte Corporation and gave the company a “buy” rating in a report on Thursday, May 18th. Oppenheimer Holdings, Inc. set a $125.00 target price on Incyte Corporation and gave the company a “hold” rating in a report on Thursday, May 18th. Finally, Zacks Investment Research upgraded Incyte Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Eight equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Incyte Corporation presently has a consensus rating of “Buy” and a consensus target price of $143.07.

Shares of Incyte Corporation (INCY) opened at 119.78 on Wednesday. Incyte Corporation has a 52 week low of $79.75 and a 52 week high of $153.15. The firm’s 50-day moving average is $127.79 and its 200-day moving average is $130.32. The stock’s market capitalization is $24.64 billion.

Incyte Corporation (NASDAQ:INCY) last released its quarterly earnings data on Tuesday, August 1st. The biopharmaceutical company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $326.40 million during the quarter, compared to analysts’ expectations of $318.45 million. Incyte Corporation had a negative return on equity of 21.57% and a negative net margin of 11.77%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. On average, equities research analysts anticipate that Incyte Corporation will post ($0.84) EPS for the current fiscal year.

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In other Incyte Corporation news, Director Bros. Advisors Lp Baker bought 100,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were purchased at an average price of $132.00 per share, with a total value of $13,200,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David W. Gryska sold 599 shares of Incyte Corporation stock in a transaction on Friday, June 30th. The shares were sold at an average price of $129.74, for a total value of $77,714.26. Following the sale, the insider now directly owns 19,614 shares in the company, valued at approximately $2,544,720.36. The disclosure for this sale can be found here. Insiders have sold a total of 53,538 shares of company stock valued at $7,118,269 in the last 90 days. Insiders own 17.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in INCY. US Bancorp DE raised its stake in Incyte Corporation by 67.1% during the 1st quarter. US Bancorp DE now owns 2,931 shares of the biopharmaceutical company’s stock valued at $392,000 after acquiring an additional 1,177 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Incyte Corporation by 23.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,477,461 shares of the biopharmaceutical company’s stock valued at $197,492,000 after acquiring an additional 284,796 shares in the last quarter. Gabelli Funds LLC bought a new stake in Incyte Corporation during the 1st quarter valued at $1,109,000. Meadow Creek Investment Management LLC bought a new stake in Incyte Corporation during the 1st quarter valued at $797,000. Finally, Sei Investments Co. raised its stake in Incyte Corporation by 49.0% during the 1st quarter. Sei Investments Co. now owns 27,387 shares of the biopharmaceutical company’s stock valued at $3,661,000 after acquiring an additional 9,012 shares in the last quarter. 91.06% of the stock is currently owned by hedge funds and other institutional investors.

Incyte Corporation 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).

Analyst Recommendations for Incyte Corporation (NASDAQ:INCY)

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