Sanofi (SNY) Sees Large Volume Increase
Shares of Sanofi (NYSE:SNY) saw an uptick in trading volume on Tuesday . 7,489,941 shares traded hands during trading, an increase of 14% from the previous session’s volume of 6,589,197 shares.The stock last traded at $41.78 and had previously closed at $41.42.
A number of brokerages have recently issued reports on SNY. Zacks Investment Research cut Sanofi from a “buy” rating to a “hold” rating in a report on Monday, June 6th. JPMorgan Chase & Co. restated a “sell” rating on shares of Sanofi in a report on Monday, March 14th. Citigroup Inc. restated a “neutral” rating on shares of Sanofi in a report on Wednesday, April 27th. HSBC cut Sanofi from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Bank of America Corp. restated a “buy” rating and set a $58.00 price objective on shares of Sanofi in a report on Tuesday, May 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Sanofi currently has an average rating of “Hold” and an average price target of $49.67.
The firm has a 50 day moving average of $40.47 and a 200-day moving average of $40.72. The firm has a market capitalization of $109.52 billion and a PE ratio of 23.21.
A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in Sanofi by 0.7% in the fourth quarter. Bank of Montreal Can now owns 389,519 shares of the company’s stock valued at $16,614,000 after buying an additional 2,560 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of Sanofi by 2.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 37,682 shares of the company’s stock valued at $1,607,000 after buying an additional 805 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sanofi by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 328,990 shares of the company’s stock valued at $14,032,000 after buying an additional 4,794 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Sanofi during the fourth quarter valued at about $1,672,000. Finally, TD Asset Management Inc. raised its stake in shares of Sanofi by 19.0% in the fourth quarter. TD Asset Management Inc. now owns 145,533 shares of the company’s stock valued at $6,091,000 after buying an additional 23,282 shares during the last quarter.
Sanofi SA is a healthcare company focused on patient needs and engaged in the research, development, manufacture and marketing of healthcare products. The Company is organized around three principal activities: Pharmaceuticals, Human Vaccines via Sanofi Pasteur, and Animal Health via Merial. The Company invests in emerging markets, diabetes solutions, vaccines, consumer health care, animal health, genzyme and other products.
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