Lennox International Set to Join S&P 500 and BILL Holdings to Join S&P MidCap 400
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Source: PRnewswire
Index Changes Announcement: Lennox International Inc. will replace Catalent Inc. in the S&P 500, while BILL Holdings Inc. will take Lennox's place in the S&P MidCap 400, effective December 23, 2024.
Acquisition Details: The changes follow Novo Holdings A/S's acquisition of Catalent, which was finalized on December 18, 2024.
Analyst Views on BILL
Wall Street analysts forecast BILL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BILL is 60.53 USD with a low forecast of 43.00 USD and a high forecast of 84.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
13 Buy
7 Hold
0 Sell
Moderate Buy
Current: 48.250
Low
43.00
Averages
60.53
High
84.00
Current: 48.250
Low
43.00
Averages
60.53
High
84.00
About BILL
BILL Holdings, Inc. provides a financial operations platform for small and midsize businesses (SMBs). The Company offers software-as-a-service, cloud-based payments, and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. Its artificial intelligence (AI)-enabled financial software platform creates seamless connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make and receive payments, manage employee expenses, sync with their accounting system, foster collaboration, and manage their cash flow. Its integrated platform also includes BILL Spend and Expense, its spend and expense management product, which provides a solution for businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
