Economy

Incyte (INCY) Price Target Lowered to $76.00 at Morgan Stanley

Matrix Asset Advisors Inc sold 8,421 shares as the company's stock declined 16.98% with the market. After $1.08 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48% negative EPS growth. Finally, Asset Management One Co. The stock decreased 3.43% or $1.81 during the last trading session, reaching $50.89. The company had a trading volume of 253,111 shares, compared to its average volume of 2,181,202. The Healthcor Management Lp holds 1.35M shares with $127.86M value, up from 598,550 last quarter. Advantage Investment Management LLC now owns 2,000 shares of the biopharmaceutical company's stock worth $189,000 after purchasing an additional 1,850 shares in the last quarter. Following the completion of the transaction, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,105,606.32. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The share price was last seen 0.42% higher, reaching at $70.12 on 04/13/2018. About 2.16M shares traded. The Quebec - Canada-based Public Sector Pension Inv Board has invested 0.01% in Incyte Corporation (NASDAQ:INCY). The stock underperformed the S&P500 by 50.77%. The firm presently has an "overweight" rating on the biopharmaceutical company's stock. Therefore 41% are positive. Morgan Stanley maintained the shares of V in report on Thursday, October 26 with "Overweight" rating. Firm's net income measured an average growth rate of -35.00%. As per Wednesday, August 5, the company rating was maintained by UBS. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. RBC Capital Markets has "Buy" rating and $150.0 target. BMO Capital Markets reiterated an outperform rating and set a $126.00 price objective (up from $121.00) on shares of Incyte in a report on Saturday, November 19th. BidaskClub lowered Incyte from a "sell" rating to a "strong sell" rating in a research report on Wednesday, April 4th. Its up 0.02, from 1.04 in 2017Q3.

Matrix Asset Advisors Inc, which manages about $977.80 million and $630.20 million US Long portfolio, upped its stake in Target Corp (NYSE:TGT) by 12,962 shares to 106,989 shares, valued at $6.98 million in 2017Q4, according to the filing. Financial Gravity Companies Inc. bought a new stake in shares of Incyte in the 4th quarter worth $120,000.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It increased, as 59 investors sold INCY shares while 141 reduced holdings.

Jacobs Levy Equity Mgmt Incorporated holds 2,210 shs or 0% of its capital. Sumitomo Mitsui owns 499,583 shares. Employees Retirement System Of Texas has 7,000 shares for 0.01% of their portfolio. Victory Mgmt invested in 0.02% or 89,386 shares. Pacific Glob Co has 0.24% invested in Wells Fargo & Company (NYSE:WFC). Lehman Fincl holds 0.21% or 6,640 shares in its portfolio. Scout Investments invested in 46,916 shares. Gateway Invest Advisers Ltd Liability Com reported 9,768 shares. Spectrum Mngmt Gru stated it has 13,573 shares. Eqis Cap Incorporated accumulated 0.09% or 19,454 shs. 26,546 are held by Loudon Mngmt Limited. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.01 and a quick ratio of 3.99. Renaissance Technologies LLC purchased a new position in Incyte in the fourth quarter valued at about $71,639,000. AMP Capital Investors Ltd grew its position in Incyte by 0.7% in the third quarter. Zacks Investment Research cut shares of Incyte from a buy rating to a hold rating in a report on Tuesday, November 29th. Therefore 74% are positive.

Argentiere Capital Ag decreased Incyte Corp (INCY) stake by 55.56% reported in 2017Q4 SEC filing. The stock rating was downgraded by Guggenheim to "Neutral" on Friday, April 6.

Credit Suisse Group set a $78.00 price target on Incyte (NASDAQ:INCY) in a research report report published on Friday, April 6th, Marketbeat Ratings reports. The firm has "Buy" rating by RBC Capital Markets given on Friday, September 22. Intact Invest has 0.01% invested in Incyte Corporation (NASDAQ:INCY). The firm earned "Buy" rating on Thursday, August 31 by J.P. Morgan. BMO Capital Markets maintained Incyte Corporation (NASDAQ:INCY) on Wednesday, November 1 with "Outperform" rating. The rating was maintained by Piper Jaffray on Tuesday, August 18 with "Overweight".

Since January 5, 2018, it had 0 insider buys, and 3 selling transactions for $1.00 million activity. Relative strength indexes (RSI-14) for Incyte Corporation (NASDAQ:INCY) is at 36.09.

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