Illumina (ILMN) is Reiterated by Mizuho to Neutral, Raises Price Target to $ 148

Illumina (ILMN) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 148 from a previous price target of $138 . Mizuho advised their investors in a research report released on Jul 27, 2016.

Many Wall Street Analysts have commented on Illumina. Shares were Downgraded by Morgan Stanley on Jul 5, 2016 to ” Underweight” and Lowered the Price Target to $ 110 from a previous price target of $130 .Illumina was Initiated by CL King to “Buy” on Jun 22, 2016. Shares were Reiterated by Mizuho on May 4, 2016 to “Neutral” and Lowered the Price Target to $ 138 from a previous price target of $150 .

On the company’s financial health, Illumina reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.74. The company had revenue of $571.80 million for the quarter, compared to analysts expectations of $580.44 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Illumina opened for trading at $162.53 and hit $167.03 on the upside on Thursday, eventually ending the session at $166.42, with a gain of 2.57% or 4.17 points. The heightened volatility saw the trading volume jump to 15,01,704 shares. Company has a market cap of $24,497 M.

In a different news, on Jul 20, 2016, Robert S Epstein (director) sold 1,200 shares at $150.00 per share price. According to the SEC, on Jul 20, 2016, Jay T Flatley (director) sold 10,000 shares at $150.00 per share price. On Jul 15, 2016, A Blaine Bowman (director) sold 5,000 shares at $147.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Illumina Inc. is engaged in production development of sequencing-and array-based solutions for genetic analysis. The Company offers integrated systems consumables and analysis tools for genetic analysis. It also manufactures sequencing and array platforms reagent kits and scanning equipment. Its customers include genomic research centers academic institutions government laboratories hospitals and reference laboratories pharmaceutical biotechnology agrigenomics commercial molecular diagnostic and consumer genomics companies. Its sequencing instruments perform a range of nucleic-acid analyses across a range of sample sizes. Its products and services are used for basic analysis and research including de novo sequencing genetic variation analysis epigenetics and targeted screening among others. It also provides products and services for other life sciences applied markets such as agrigenomics. It also offers Clarity Run Manager Clarity LIMS Silver and Clarity LIMS Gold.


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