Novartis AG (NVS) Given Average Rating of “Hold” by Analysts
Shares of Novartis AG (NYSE:NVS) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the firm. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $80.42.
A number of analysts have recently commented on the company. Vetr upgraded Novartis AG from a “hold” rating to a “buy” rating and set a $79.30 target price on the stock in a research note on Wednesday, March 1st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Novartis AG in a research note on Tuesday, March 14th. Barclays PLC assumed coverage on Novartis AG in a research note on Tuesday, March 7th. They issued an “underweight” rating on the stock. Societe Generale upgraded Novartis AG from a “hold” rating to a “buy” rating and upped their target price for the stock from $73.82 to $74.37 in a research note on Tuesday, March 7th. Finally, BNP Paribas downgraded Novartis AG from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 7th.
Novartis AG (NYSE:NVS) traded down 0.5590% during trading on Tuesday, reaching $72.9201. The company’s stock had a trading volume of 1,465,439 shares. Novartis AG has a one year low of $66.93 and a one year high of $83.58. The firm has a market capitalization of $173.12 billion, a P/E ratio of 26.0429 and a beta of 0.73. The stock has a 50-day moving average of $74.85 and a 200 day moving average of $73.45.
Novartis AG (NYSE:NVS) last issued its earnings results on Wednesday, January 25th. The company reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. Novartis AG had a return on equity of 15.37% and a net margin of 13.80%. The firm had revenue of $12.32 billion for the quarter, compared to the consensus estimate of $12.44 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Novartis AG will post $4.69 EPS for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Dodge & Cox acquired a new position in shares of Novartis AG during the fourth quarter worth about $3,330,137,000. The Manufacturers Life Insurance Company acquired a new position in shares of Novartis AG during the third quarter worth about $304,776,000. Franklin Resources Inc. increased its position in shares of Novartis AG by 16.4% in the fourth quarter. Franklin Resources Inc. now owns 14,753,570 shares of the company’s stock worth $1,074,650,000 after buying an additional 2,074,452 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Novartis AG by 3,276.1% in the fourth quarter. Federated Investors Inc. PA now owns 1,907,815 shares of the company’s stock worth $138,965,000 after buying an additional 1,851,305 shares in the last quarter. Finally, CGOV Asset Management purchased a new position in shares of Novartis AG during the third quarter worth approximately $82,650,000. Institutional investors own 9.82% of the company’s stock.
Novartis AG 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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