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NASDAQ:INCY

Incyte - INCY Stock Forecast, Price & News

$74.00
+1.84 (+2.55%)
(As of 08/8/2022 05:12 PM ET)
Add
Compare
Today's Range
$71.65
$74.11
50-Day Range
$66.18
$82.86
52-Week Range
$61.91
$84.86
Volume
1.36 million shs
Average Volume
1.60 million shs
Market Capitalization
$16.46 billion
P/E Ratio
17.41
Dividend Yield
N/A
Price Target
$84.92

Incyte MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
14.8% Upside
$84.92 Price Target
Short Interest
Healthy
3.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.35
Upright™ Environmental Score
News Sentiment
0.10mentions of Incyte in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$589,387 Sold Last Quarter
Proj. Earnings Growth
40.65%
From $2.46 to $3.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Medical Sector

38th out of 1,293 stocks

Commercial Physical Research Industry

2nd out of 20 stocks

INCY stock logo

About Incyte (NASDAQ:INCY) Stock

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally. The company offers JAKAFI, a drug for the treatment of myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and philadelphia-chromosome positive acute lymphoblastic leukemia. Its clinical stage products include ruxolitinib, a steroid-refractory chronic graft-versus-host-diseases (GVHD); itacitinib, which is in Phase II/III clinical trial to treat naïve chronic GVHD; and pemigatinib for treating bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and tumor agnostic. In addition, the company engages in developing Parsaclisib, which is in Phase II clinical trial for follicular lymphoma, marginal zone lymphoma, and mantel cell lymphoma. Additionally, it develops Retifanlimab that is in Phase II clinical trials for MSI-high endometrial cancer, merkel cell carcinoma, and anal cancer, as well as in Phase II clinical trials for patients with non-small cell lung cancer. It has collaboration agreements with Novartis International Pharmaceutical Ltd.; Eli Lilly and Company; Agenus Inc.; Calithera Biosciences, Inc; MacroGenics, Inc.; Merus N.V.; Syros Pharmaceuticals, Inc.; Innovent Biologics, Inc.; Zai Lab Limited; Cellenkos, Inc.; and Nimble Therapeutics, as well as clinical collaborations with MorphoSys AG and Xencor, Inc. to investigate the combination of tafasitamab, plamotamab, and lenalidomide in patients with relapsed or refractory diffuse large B-cell lymphoma, and relapsed or refractory follicular lymphoma. The company was incorporated in 1991 and is headquartered in Wilmington, Delaware.

Incyte Stock Up 0.3 %

Shares of NASDAQ:INCY opened at $72.16 on Monday. The company has a 50 day simple moving average of $76.16 and a 200-day simple moving average of $75.21. The company has a market capitalization of $16.05 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.24 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.91 and a quick ratio of 3.67. Incyte has a 1 year low of $61.91 and a 1 year high of $84.86.

Incyte (NASDAQ:INCY - Get Rating) last posted its earnings results on Tuesday, August 2nd. The biopharmaceutical company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.22. Incyte had a net margin of 28.46% and a return on equity of 13.02%. The firm had revenue of $911.40 million during the quarter, compared to the consensus estimate of $818.25 million. During the same quarter last year, the firm earned $0.65 EPS. The firm's revenue for the quarter was up 29.1% on a year-over-year basis. On average, equities research analysts predict that Incyte will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com raised Incyte from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 3rd. Oppenheimer lowered their target price on Incyte from $109.00 to $98.00 in a research report on Wednesday, August 3rd. Guggenheim downgraded Incyte from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 3rd. Evercore ISI downgraded Incyte from an "outperform" rating to an "inline" rating and lowered their price objective for the company from $90.00 to $78.00 in a research report on Wednesday, August 3rd. Finally, TheStreet upgraded Incyte from a "c" rating to a "b" rating in a research report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $84.92.

Insider Transactions at Incyte

In related news, EVP Vijay K. Iyengar sold 5,787 shares of the business's stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $79.38, for a total value of $459,372.06. Following the completion of the sale, the executive vice president now directly owns 40,313 shares of the company's stock, valued at $3,200,045.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Incyte news, EVP Vijay K. Iyengar sold 5,787 shares of Incyte stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $79.38, for a total value of $459,372.06. Following the transaction, the executive vice president now directly owns 40,313 shares in the company, valued at $3,200,045.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas Tray sold 1,564 shares of the business's stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $83.13, for a total transaction of $130,015.32. Following the transaction, the insider now owns 17,702 shares in the company, valued at $1,471,567.26. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company's stock.

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INCY Stock News Headlines

Evercore ISI Downgrades Incyte (NASDAQ:INCY) to Inline
Is Apple Pointing to a Massive Recession in the U.S.?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn…Bloomberg recently reported that the tech giant plans to freeze hiring in some divisions- while remaining cautious on spending through next year. And the thing is, Apple isn’t alone…Bottom-line: Apple might be pointing to a massive recession in the U.S. If you have any serious assets in the market, there is one critical step you must take now.
Incyte (NASDAQ:INCY) Price Target Cut to $98.00
Incyte (NASDAQ:INCY) Upgraded by StockNews.com to Strong-Buy
Is Apple Pointing to a Massive Recession in the U.S.?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn…Bloomberg recently reported that the tech giant plans to freeze hiring in some divisions- while remaining cautious on spending through next year. And the thing is, Apple isn’t alone…Bottom-line: Apple might be pointing to a massive recession in the U.S. If you have any serious assets in the market, there is one critical step you must take now.
Guggenheim Downgrades Incyte (NASDAQ:INCY) to Neutral
Form 8-K INCYTE CORP For: Aug 02 - StreetInsider.com
Analysts Set Incyte Co. (NASDAQ:INCY) Price Target at $87.60
Incyte (INCY) to Release Quarterly Earnings on Tuesday
Expert Ratings for Incyte - Benzinga
See More Headlines
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INCY Company Calendar

Last Earnings
8/02/2022
Today
8/08/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Commercial physical research
Sub-Industry
Biotechnology
Sector
Medical
Current Symbol
NASDAQ:INCY
CUSIP
45337C10
Employees
2,094
Year Founded
1991

Price Target and Rating

Average Stock Price Forecast
$84.92
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+14.8%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$948.58 million
Pretax Margin
18.95%

Debt

Sales & Book Value

Annual Sales
$2.99 billion
Cash Flow
$2.44 per share
Book Value
$17.07 per share

Miscellaneous

Free Float
183,506,000
Market Cap
$16.46 billion
Optionable
Optionable
Beta
0.64

Social Links















INCY Stock - Frequently Asked Questions

Should I buy or sell Incyte stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Incyte in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" INCY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in INCY, but not buy additional shares or sell existing shares.
View INCY analyst ratings
or view top-rated stocks.

What is Incyte's stock price forecast for 2022?

10 brokers have issued 12 month price targets for Incyte's stock. Their INCY stock forecasts range from $63.00 to $108.00. On average, they predict the company's stock price to reach $84.92 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for INCY
or view top-rated stocks among Wall Street analysts.

How has Incyte's stock price performed in 2022?

Incyte's stock was trading at $73.40 at the beginning of the year. Since then, INCY shares have decreased by 0.9% and is now trading at $72.75.
View the best growth stocks for 2022 here
.

When is Incyte's next earnings date?

Incyte is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our INCY earnings forecast
.

How were Incyte's earnings last quarter?

Incyte Co. (NASDAQ:INCY) issued its quarterly earnings data on Tuesday, August, 2nd. The biopharmaceutical company reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.22. The biopharmaceutical company earned $911.40 million during the quarter, compared to analysts' expectations of $818.25 million. Incyte had a trailing twelve-month return on equity of 13.02% and a net margin of 28.46%. The business's revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share.
Read the conference call transcript
.

What is Hervé Hoppenot's approval rating as Incyte's CEO?

22 employees have rated Incyte Chief Executive Officer Hervé Hoppenot on Glassdoor.com. Hervé Hoppenot has an approval rating of 80% among the company's employees.

What other stocks do shareholders of Incyte own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Incyte investors own include Puma Biotechnology (PBYI), BioMarin Pharmaceutical (BMRN), (MDVN) (MDVN), First Solar (FSLR), United Airlines (UAL), Dynavax Technologies (DVAX), Micron Technology (MU), (KITE) (KITE), Freeport-McMoRan (FCX) and NVIDIA (NVDA).

What is Incyte's stock symbol?

Incyte trades on the NASDAQ under the ticker symbol "INCY."

Who are Incyte's major shareholders?

Incyte's stock is owned by a number of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (0.55%), Sumitomo Mitsui Trust Holdings Inc. (0.35%), Candriam S.C.A. (0.33%), Country Trust Bank (0.23%), AustralianSuper Pty Ltd (0.22%) and Sector Gamma AS (0.21%). Insiders that own company stock include Barry P Flannelly, Bros Advisors Lp Baker, Dashyant Dhanak, Herve Hoppenot, Jonathan Elliott Dickinson, Maria E Pasquale, Maria E Pasquale, Michael James Morrissey, Paul Trower, Paula J Swain, Steven H Stein, Thomas Tray, Vijay K Iyengar, Wendy L Dixon and Yao Wenqing.
View institutional ownership trends
.

How do I buy shares of Incyte?

Shares of INCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Incyte's stock price today?

One share of INCY stock can currently be purchased for approximately $72.75.

How much money does Incyte make?

Incyte (NASDAQ:INCY) has a market capitalization of $16.18 billion and generates $2.99 billion in revenue each year. The biopharmaceutical company earns $948.58 million in net income (profit) each year or $4.25 on an earnings per share basis.

How many employees does Incyte have?

Incyte employs 2,094 workers across the globe.

When was Incyte founded?

Incyte was founded in 1991.

How can I contact Incyte?

Incyte's mailing address is 1801 AUGUSTINE CUT-OFF, WILMINGTON DE, 19803. The official website for the company is www.incyte.com. The biopharmaceutical company can be reached via phone at (302) 498-6700, via email at mbooth@incyte.com, or via fax at 302-425-2750.

This page (NASDAQ:INCY) was last updated on 8/8/2022 by MarketBeat.com Staff

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