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NYSE:RDY

Dr. Reddy's Laboratories (RDY) Stock Price, News & Analysis

Dr. Reddy's Laboratories logo
$14.14 +0.06 (+0.43%)
(As of 11/29/2024 ET)

About Dr. Reddy's Laboratories Stock (NYSE:RDY)

Key Stats

Today's Range
$14.10
$14.21
50-Day Range
$13.99
$15.98
52-Week Range
$12.90
$16.89
Volume
565,482 shs
Average Volume
1.02 million shs
Market Capitalization
$11.80 billion
P/E Ratio
22.59
Dividend Yield
0.57%
Price Target
$17.00
Consensus Rating
Hold

Company Overview

Dr. Reddy's Laboratories Limited, together with its subsidiaries, operates as an integrated pharmaceutical company worldwide. It operates through Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), and Others segments. The company's Global Generics segment manufactures and markets prescription and over-the-counter finished pharmaceutical products that are marketed under a brand name or as a generic finished dosages with therapeutic equivalence to branded formulations, as well as engages in the biologics business. The PSAI segment manufactures and markets active pharmaceutical ingredients and intermediates, which are principal ingredients for finished pharmaceutical products. This segment also provides contract research services; and manufactures and sells active pharmaceutical ingredients and steroids in accordance with the specific customer requirements. The Others segment engages in developing therapies in the fields of oncology and inflammation; research and development of differentiated formulations; and provides digital healthcare and information technology enabled business support services. The company offers its products for various therapeutic categories primarily include gastro-intestinal, cardiovascular, anti-diabetic, dermatology, oncology, respiratory, stomatology, urology, and nephrology. Dr. Reddy's Laboratories Limited was incorporated in 1984 and is headquartered in Hyderabad, India.

Dr. Reddy's Laboratories Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
29th Percentile Overall Score

RDY MarketRank™: 

Dr. Reddy's Laboratories scored higher than 29% of companies evaluated by MarketBeat, and ranked 854th out of 964 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Dr. Reddy's Laboratories has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Dr. Reddy's Laboratories has only been the subject of 1 research reports in the past 90 days.

  • Read more about Dr. Reddy's Laboratories' stock forecast and price target.
  • Earnings Growth

    Earnings for Dr. Reddy's Laboratories are expected to grow by 3.61% in the coming year, from $0.83 to $0.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Dr. Reddy's Laboratories is 22.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.95.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Dr. Reddy's Laboratories is 22.59, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 65.44.

  • Price to Book Value per Share Ratio

    Dr. Reddy's Laboratories has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Dr. Reddy's Laboratories' valuation and earnings.
  • Percentage of Shares Shorted

    1.39% of the outstanding shares of Dr. Reddy's Laboratories have been sold short.
  • Short Interest Ratio / Days to Cover

    Dr. Reddy's Laboratories has a short interest ratio ("days to cover") of 13.6, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Dr. Reddy's Laboratories has recently increased by 8.99%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Dr. Reddy's Laboratories has a dividend yield of 0.57%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Dr. Reddy's Laboratories does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Dr. Reddy's Laboratories is 12.78%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Dr. Reddy's Laboratories will have a dividend payout ratio of 9.30% next year. This indicates that Dr. Reddy's Laboratories will be able to sustain or increase its dividend.

  • Read more about Dr. Reddy's Laboratories' dividend.
  • Percentage of Shares Shorted

    1.39% of the outstanding shares of Dr. Reddy's Laboratories have been sold short.
  • Short Interest Ratio / Days to Cover

    Dr. Reddy's Laboratories has a short interest ratio ("days to cover") of 13.6, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Dr. Reddy's Laboratories has recently increased by 8.99%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Dr. Reddy's Laboratories has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.87 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Dr. Reddy's Laboratories this week, compared to 3 articles on an average week.
  • Search Interest

    Only 1 people have searched for RDY on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Dr. Reddy's Laboratories insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of Dr. Reddy's Laboratories is held by insiders.

  • Percentage Held by Institutions

    Only 14.02% of the stock of Dr. Reddy's Laboratories is held by institutions.

  • Read more about Dr. Reddy's Laboratories' insider trading history.
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RDY Stock News Headlines

What is Zacks Research's Estimate for RDY FY2025 Earnings?
Dr. Reddy's Launches Toripalimab For Nasopharyngeal Carcinoma In India
TODAY ONLY: Nvidia’s Silent Partners Revealed
Thanks to a specific AI Blueprint … A small handful of companies have already soared as much as 562%, 3,247% and even 6,583%. Now, with a massive recent $1 trillion pivot to data centers, six NEW stocks could be next in line to follow this pattern.
Dr. Reddy’s Fined in Germany for Registration Lapse
Dr. Reddy’s and Senores launch Ivermectin tablets USP, 3 mg in U.S.
Dr. Reddy’s Gains Strong Rating Amid Robust Growth
See More Headlines

RDY Stock Analysis - Frequently Asked Questions

Dr. Reddy's Laboratories' stock was trading at $13.9160 at the beginning of the year. Since then, RDY shares have increased by 1.6% and is now trading at $14.14.
View the best growth stocks for 2024 here
.

Dr. Reddy's Laboratories Limited (NYSE:RDY) released its quarterly earnings results on Wednesday, January, 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The business earned $867 million during the quarter, compared to analysts' expectations of $827.81 million. Dr. Reddy's Laboratories had a net margin of 17.81% and a trailing twelve-month return on equity of 18.53%.

Dr. Reddy's Laboratories's stock split on the morning of Tuesday, November 5th 2024. The 5-1 split was announced on Thursday, September 12th 2024. The newly created shares were payable to shareholders after the closing bell on Monday, November 4th 2024. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Dr. Reddy's Laboratories' top institutional investors include Robeco Institutional Asset Management B.V. (1.24%), Aikya Investment Management Ltd (0.13%), State Street Corp (0.11%) and Fisher Asset Management LLC (0.06%).

Shares of RDY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Dr. Reddy's Laboratories investors own include Siemens Aktiengesellschaft (SIEGY), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA) and JPMorgan Chase & Co. (JPM).

Company Calendar

Last Earnings
1/31/2024
Today
11/30/2024
Next Earnings (Estimated)
1/29/2025
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Employees
27,048
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$17.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+20.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$668 million
Pretax Margin
23.95%

Debt

Sales & Book Value

Annual Sales
$3.35 billion
Cash Flow
$1.02 per share
Book Value
$4.42 per share

Miscellaneous

Free Float
818,007,000
Market Cap
$11.80 billion
Optionable
Optionable
Beta
0.56

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This page (NYSE:RDY) was last updated on 12/1/2024 by MarketBeat.com Staff
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