Novartis (NYSE:NVS)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Novartis from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Bank of America lowered shares of Novartis from a “neutral” rating to an “underperform” rating in a research note on Wednesday, December 6th. Nord/LB reissued a “neutral” rating on shares of Novartis in a research report on Wednesday, December 27th. Leerink Swann increased their price target on shares of Novartis from $89.00 to $91.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Finally, Barclays lowered shares of Novartis from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.32.
Shares of Novartis (NYSE NVS) opened at $86.88 on Thursday. Novartis has a one year low of $69.53 and a one year high of $87.29. The firm has a market cap of $227,480.00, a PE ratio of 30.92, a P/E/G ratio of 2.32 and a beta of 0.74. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.32.
Several hedge funds have recently added to or reduced their stakes in NVS. Alliancebernstein L.P. lifted its position in shares of Novartis by 2.7% during the second quarter. Alliancebernstein L.P. now owns 56,504 shares of the company’s stock valued at $4,716,000 after buying an additional 1,483 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Novartis by 266.8% during the second quarter. Nationwide Fund Advisors now owns 196,685 shares of the company’s stock valued at $16,417,000 after buying an additional 143,069 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Novartis by 25.3% during the second quarter. BlackRock Inc. now owns 3,549,783 shares of the company’s stock valued at $296,299,000 after acquiring an additional 717,186 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Novartis by 3.5% during the second quarter. UBS Asset Management Americas Inc. now owns 28,160 shares of the company’s stock valued at $2,351,000 after acquiring an additional 952 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Novartis during the second quarter valued at about $424,000. 10.85% of the stock is owned by institutional investors and hedge funds.
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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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