Novartis (NYSE:NVS)‘s stock had its “neutral” rating reiterated by UBS Group in a research report issued on Monday, www.boersen-zeitung.de reports.
NVS has been the subject of a number of other reports. Zacks Investment Research raised Novartis from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Novartis in a research report on Tuesday, October 24th. Barclays downgraded Novartis from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 25th. Bank of America downgraded Novartis from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 6th. Finally, Nord/LB reissued a “neutral” rating on shares of Novartis in a research report on Wednesday, December 27th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $85.32.
Shares of Novartis (NYSE:NVS) opened at $86.73 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $227,090.00, a P/E ratio of 30.86, a P/E/G ratio of 2.32 and a beta of 0.74. Novartis has a 52-week low of $69.53 and a 52-week high of $87.29.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers purchased a new position in shares of Novartis in the second quarter valued at $241,000. Bartlett & Co. LLC grew its position in shares of Novartis by 1.6% in the third quarter. Bartlett & Co. LLC now owns 473,081 shares of the company’s stock valued at $40,614,000 after purchasing an additional 7,249 shares in the last quarter. Capital Bank & Trust Co boosted its stake in Novartis by 5.5% during the third quarter. Capital Bank & Trust Co now owns 138,207 shares of the company’s stock valued at $11,865,000 after buying an additional 7,201 shares during the period. Cedar Hill Associates LLC bought a new stake in Novartis during the third quarter valued at $248,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Novartis during the third quarter valued at $1,245,000. Institutional investors own 10.85% of the company’s stock.
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Novartis Company Profile
Novartis AG is a holding company, which provides healthcare solutions. The Company is engaged in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. The Company’s segments include Innovative Medicines, Sandoz, Alcon and Corporate activities.
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