Novartis AG (NYSE:NVS) has been assigned an average rating of “Hold” from the twenty research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $85.13.
A number of analysts recently issued reports on NVS shares. TheStreet raised Novartis AG from a “c+” rating to a “b” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Novartis AG from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Tuesday. Barclays PLC raised Novartis AG from an “underweight” rating to an “equal weight” rating in a research report on Thursday, June 22nd. Cowen and Company set a $77.00 price objective on Novartis AG and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub raised Novartis AG from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th.
Shares of Novartis AG (NYSE NVS) traded down 0.08% during mid-day trading on Friday, hitting $85.78. 2,009,254 shares of the stock were exchanged. The company has a 50-day moving average price of $84.30 and a 200-day moving average price of $80.50. Novartis AG has a 12 month low of $66.93 and a 12 month high of $86.90. The stock has a market cap of $200.97 billion, a price-to-earnings ratio of 31.32 and a beta of 0.74.
Novartis AG (NYSE:NVS) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $12.20 billion. Novartis AG had a return on equity of 15.51% and a net margin of 13.52%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. Equities analysts expect that Novartis AG will post $4.75 earnings per share for the current year.
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In other news, major shareholder Bioventures Ltd Novartis bought 266,667 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $4,000,005.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.01% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. City Holding Co. boosted its holdings in Novartis AG by 4.6% during the 2nd quarter. City Holding Co. now owns 1,217 shares of the company’s stock valued at $102,000 after acquiring an additional 54 shares during the period. WFG Advisors LP boosted its holdings in Novartis AG by 38.1% during the 2nd quarter. WFG Advisors LP now owns 1,221 shares of the company’s stock valued at $102,000 after acquiring an additional 337 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in Novartis AG by 20.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,381 shares of the company’s stock valued at $103,000 after acquiring an additional 230 shares during the period. Archford Capital Strategies LLC boosted its holdings in Novartis AG by 72.3% during the 1st quarter. Archford Capital Strategies LLC now owns 1,480 shares of the company’s stock valued at $110,000 after acquiring an additional 621 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC boosted its holdings in Novartis AG by 3.4% during the 1st quarter. Kernodle & Katon Asset Management Group LLC now owns 1,488 shares of the company’s stock valued at $111,000 after acquiring an additional 49 shares during the period. Institutional investors own 10.93% 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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