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Incyte (INCY) Receives a Hold from Stifel Nicolaus

Stifel Nicolaus analyst Stephen Willey maintained a Hold rating on Incyte (INCYResearch Report) yesterday and set a price target of $75.00. The company’s shares closed last Wednesday at $68.28.

According to TipRanks.com, Willey is a 5-star analyst with an average return of 18.2% and a 47.4% success rate. Willey covers the Healthcare sector, focusing on stocks such as Silverback Therapeutics, Bolt Biotherapeutics, and Nurix Therapeutics.

Currently, the analyst consensus on Incyte is a Moderate Buy with an average price target of $90.36, which is a 35.2% upside from current levels. In a report issued on January 25, Mizuho Securities also maintained a Hold rating on the stock with a $95.00 price target.

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Incyte’s market cap is currently $15.48B and has a P/E ratio of 29.09.

Based on the recent corporate insider activity of 106 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development, and commercialized products such as JAKAFI (ruxolitinib), and ICLUSIG (ponatinib). The company was founded by Roy A. Whitfield in April 1991 and is headquartered in Wilmington, DE.

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