Stock Update (NASDAQ:GILD): SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Securities Fraud Violations by Certain Officers and Directors of Gilead Sciences Inc.

[Business Wire] – Levi & Korsinsky announces it has commenced an investigation of Gilead Sciences Inc. concerning possible violations of federal securities laws. Read more on this. Gilead Sciences Inc. (GILD) , with a current market cap of $114.30B, opened at $85.82. Today, shares have traded between $85.20 and $86.02 per share with its 52-week range being $81.28 to $123.37. GILD shares are currently priced at 7.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -24.73x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.88 per share annually in dividends, yielding 2.18%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $2.99 per share, which would be $0.16 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $12.05 which would be a $0.56 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.75 Billion. If realized, that would be a 5.95% decrease over the year-ago quarter. Recently, Maxim Group downgraded GILD from Buy to Hold (Apr 29, 2016). Previously, Citigroup Initiated GILD at to Buy. With the above information in mind, readers should note that the average price target is $111.30, which is 29.69% above where the stock opened this morning. See more in (NASDAQ:GILD) Similar Articles: Stock Update (NASDAQ:BIIB): SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Into Possible Securities Fraud Violations by Certain Officers and Directors of Biogen Inc. Market Update: Cigna Corp (NYSE:CI) – SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp. — CI Market Update (NYSE:CI): SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp.