The average one-year price target for Divis Laboratorie INR2 (NSE:DIVISLAB) has been revised to 3,265.89 / share. This is an increase of 7.77% from the prior estimate of 3,030.38 dated August 1, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 2,220.99 to a high of 4,515.00 / share. The average price target represents a decrease of 10.05% from the latest reported closing price of 3,630.60 / share.

Divis Laboratorie INR2 Maintains 0.83% Dividend Yield

At the most recent price, the company’s dividend yield is 0.83%.

Additionally, the company’s dividend payout ratio is 0.54. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.88%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 3 funds or institutions reporting positions in Divis Laboratorie INR2. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to DIVISLAB is 0.05%, an increase of 11.72%. Total shares owned by institutions decreased in the last three months by 9.85% to 47K shares.

What are Other Shareholders Doing?

NOEMX – Northern Emerging Markets Equity Index Fund holds 24K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 29K shares, representing a decrease of 21.30%. The firm increased its portfolio allocation in DIVISLAB by 11.47% over the last quarter.

DIEFX – Destinations International Equity Fund Class I holds 20K shares representing 0.01% ownership of the company. No change in the last quarter.

TEMUX – Emerging Markets Equity Fund holds 3K shares representing 0.00% ownership of the company. No change in the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Nasdaq


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