uploads///IONS

Do Analysts See Any Upside for Ionis Stock?

By

Dec. 14 2018, Updated 2:59 p.m. ET

Analysts’ recommendations

Of the 14 analysts covering Ionis Pharmaceuticals (IONS), five have given it “buy” or higher ratings, seven have given it “holds,” and two have given it “sells.”

The mean rating for Ionis stock is 2.71, and the consensus target price for the stock is $57.31, implying a potential 7.2% upside based on its December 13 closing price of $53.47.

Article continues below advertisement

Peers’ ratings

In comparison, peers Eli Lilly and Company (LLY), Merck & Co. (MRK), and Pfizer (PFE) have received mean ratings of 2.44, 1.69, and 2.72, respectively, and target prices of $114.06, $80.38, and $44.15, respectively, from analysts.

Ionis’s current ratio, which shows how effectively it can meet its short-term obligations, is 8.0x. In comparison, Eli Lilly’s, Merck’s, and Pfizer’s current ratios are 1.90x, 1.40x, and 1.40x, respectively.

Stock performance

After rising from $43.37 on October 11 to a high of $59.54 on December 3, Ionis stock corrected to $53.12 on December 7. Since then, after witnessing buying interest, the stock has again corrected to $53.47.

Ionis’s long-term debt-to-equity ratio is 0.88x, whereas peers Eli Lilly, Merck, and Pfizer have debt-to-equity ratios of 0.89x, 0.61x, and 0.47x, respectively.

In 2018 and 2019, Ionis’s free cash flows are expected to be $148.13 million and $85.47 million, respectively, compared to $136.29 million in 2017. Its price-to-free cash flow ratio is 15.93x, while Eli Lilly’s, Merck’s, and Pfizer’s are 54.62x, 55.73x, and 27.06x, respectively.

Advertisement

More From Market Realist

  • BioNano Genomics Saphyr system
    Company & Industry Overviews
    BioNano Genomics (BNGO) Stock Looks Like a Buy, Solid Opportunity
  • Delta aircraft
    Company & Industry Overviews
    Delta Air Lines Updates Mandatory Vaccine Policy, Explained
  • AMC advertisement in walkway
    Company & Industry Overviews
    Why It's Time for Most Investors to Sell AMC Entertainment Stock
  • 100 Thieves founder Matthew Haag
    Company & Industry Overviews
    Why Growing Esports Company 100 Thieves Isn't Publicly Traded
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.