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Stifel Nicolaus Sticks to Its Buy Rating for Incyte (INCY)

Tipranks - Tue Jun 16, 9:42AM CDT

In a report released today, Stephen Willey from Stifel Nicolaus maintained a Buy rating on Incyte, with a price target of $123.00.

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According to TipRanks, Willey is a 4-star analyst with an average return of 6.7% and a 43.62% success rate. Willey covers the Healthcare sector, focusing on stocks such as Incyte, Insmed, and Syndax Pharmaceuticals.

In addition to Stifel Nicolaus, Incyte also received a Buy from Barclays’s Etzer Darout in a report issued today. However, on the same day, Goldman Sachs maintained a Hold rating on Incyte (NASDAQ: INCY).

Based on Incyte’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.27 billion and a net profit of $303.33 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $158.2 million

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INCY in relation to earlier this year. Earlier this month, Thomas Tray, the CAO of INCY sold 2,639.00 shares for a total of $263,900.00.

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