Novartis AG (NYSE:NVS)‘s stock had its “neutral” rating reiterated by J P Morgan Chase & Co in a research note issued on Tuesday.

NVS has been the topic of several other research reports. Zacks Investment Research raised shares of Novartis AG from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, September 19th. Leerink Swann reissued a “market perform” rating and set a $83.00 price objective on shares of Novartis AG in a research note on Thursday, June 22nd. Morgan Stanley raised shares of Novartis AG from an “underweight” rating to an “overweight” rating in a research note on Wednesday, July 26th. Credit Suisse Group lowered shares of Novartis AG from a “neutral” rating to an “underperform” rating and set a $82.25 price objective on the stock. in a research note on Wednesday, July 5th. Finally, Cowen and Company set a $77.00 price objective on shares of Novartis AG and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $85.12.

Novartis AG (NVS) opened at 85.45 on Tuesday. The company has a market cap of $200.20 billion, a PE ratio of 31.20 and a beta of 0.73. The firm has a 50-day moving average of $84.91 and a 200 day moving average of $81.57. Novartis AG has a 52-week low of $66.93 and a 52-week high of $86.90.

Novartis AG (NYSE:NVS) last issued its earnings results on Tuesday, July 18th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $12.24 billion for the quarter, compared to analyst estimates of $12.20 billion. Novartis AG had a net margin of 13.52% and a return on equity of 15.51%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS. Equities research analysts expect that Novartis AG will post $4.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Novartis AG’s (NVS) Neutral Rating Reaffirmed at J P Morgan Chase & Co” was published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/10/novartis-ags-nvs-neutral-rating-reaffirmed-at-j-p-morgan-chase-co.html.

Institutional investors and hedge funds have recently made changes to their positions in the business. City Holding Co. lifted its stake in Novartis AG by 4.6% in the second quarter. City Holding Co. now owns 1,217 shares of the company’s stock valued at $102,000 after buying an additional 54 shares in the last quarter. WFG Advisors LP lifted its stake in Novartis AG by 38.1% in the second quarter. WFG Advisors LP now owns 1,221 shares of the company’s stock valued at $102,000 after buying an additional 337 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in Novartis AG by 72.3% in the first quarter. Archford Capital Strategies LLC now owns 1,480 shares of the company’s stock valued at $110,000 after buying an additional 621 shares in the last quarter. Kernodle & Katon Asset Management Group LLC lifted its stake in Novartis AG by 3.4% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 1,488 shares of the company’s stock valued at $111,000 after buying an additional 49 shares in the last quarter. Finally, Massey Quick & Co. LLC bought a new position in Novartis AG in the first quarter valued at approximately $119,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

About Novartis AG

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.

Analyst Recommendations for Novartis AG (NYSE:NVS)

Receive News & Ratings for Novartis AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novartis AG and related companies with MarketBeat.com's FREE daily email newsletter.