GlaxoSmithKline PLC (GSK) Stock Rating Reaffirmed by J P Morgan Chase & Co
GlaxoSmithKline PLC (NYSE:GSK)‘s stock had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co in a research note issued on Thursday.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of GlaxoSmithKline PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. ValuEngine downgraded shares of GlaxoSmithKline PLC from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of GlaxoSmithKline PLC from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Berenberg Bank upgraded shares of GlaxoSmithKline PLC from a “hold” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Morgan Stanley downgraded shares of GlaxoSmithKline PLC from an “equal weight” rating to an “underweight” rating in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.00.
GlaxoSmithKline PLC (NYSE:GSK) traded down 0.27% during trading on Thursday, reaching $40.24. The company’s stock had a trading volume of 3,006,781 shares. The firm’s 50-day moving average is $39.80 and its 200-day moving average is $41.77. GlaxoSmithKline PLC has a 52-week low of $37.20 and a 52-week high of $44.54. The stock has a market cap of $98.35 billion, a P/E ratio of 39.76 and a beta of 1.03.
GlaxoSmithKline PLC (NYSE:GSK) last issued its quarterly earnings data on Wednesday, July 26th. The pharmaceutical company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The firm had revenue of $9.36 billion during the quarter, compared to the consensus estimate of $9.52 billion. GlaxoSmithKline PLC had a net margin of 6.48% and a return on equity of 114.93%. Equities research analysts forecast that GlaxoSmithKline PLC will post $2.87 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in GSK. Russell Investments Group Ltd. acquired a new position in GlaxoSmithKline PLC in the first quarter valued at $578,000. AMG National Trust Bank lifted its holdings in GlaxoSmithKline PLC by 12.5% in the first quarter. AMG National Trust Bank now owns 76,629 shares of the pharmaceutical company’s stock valued at $3,231,000 after buying an additional 8,533 shares during the period. Capital Fund Management S.A. acquired a new position in GlaxoSmithKline PLC in the first quarter valued at $588,000. TIAA CREF Trust Co. FSB MO lifted its holdings in GlaxoSmithKline PLC by 5.1% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 35,222 shares of the pharmaceutical company’s stock valued at $1,485,000 after buying an additional 1,706 shares during the period. Finally, HPM Partners LLC acquired a new position in GlaxoSmithKline PLC in the first quarter valued at $516,000. Institutional investors and hedge funds own 9.29% of the company’s stock.
About GlaxoSmithKline PLC
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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