Novartis AG (NYSE:NVS) has been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $83.19.
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Novartis in a research report on Thursday, January 18th. UBS Group reiterated a “neutral” rating on shares of Novartis in a research report on Monday, January 15th. Zacks Investment Research downgraded Novartis from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Nord/LB reiterated a “neutral” rating on shares of Novartis in a research report on Tuesday, January 2nd. Finally, Bank of America downgraded Novartis from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 6th.
Novartis (NVS) traded up $0.26 during midday trading on Friday, reaching $93.91. The company had a trading volume of 1,944,308 shares, compared to its average volume of 1,210,000. Novartis has a 1 year low of $71.50 and a 1 year high of $94.19. The stock has a market capitalization of $245,960.00, a P/E ratio of 28.90, a PEG ratio of 2.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.21 and a quick ratio of 0.81.
Several institutional investors have recently added to or reduced their stakes in NVS. Janus Henderson Group PLC raised its holdings in shares of Novartis by 42,797.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,914,516 shares of the company’s stock worth $159,821,000 after purchasing an additional 1,910,053 shares during the period. Parnassus Investments CA raised its holdings in shares of Novartis by 18.5% during the 3rd quarter. Parnassus Investments CA now owns 9,447,817 shares of the company’s stock valued at $811,095,000 after buying an additional 1,477,168 shares during the period. FMR LLC raised its holdings in shares of Novartis by 172.1% during the 2nd quarter. FMR LLC now owns 2,294,782 shares of the company’s stock valued at $191,546,000 after buying an additional 1,451,441 shares during the period. BlackRock Inc. raised its holdings in shares of Novartis by 25.3% during the 2nd quarter. BlackRock Inc. now owns 3,549,783 shares of the company’s stock valued at $296,299,000 after buying an additional 717,186 shares during the period. Finally, Bain Capital Public Equity Management LLC purchased a new stake in shares of Novartis during the 2nd quarter valued at about $45,845,000. Institutional investors own 10.85% of the company’s stock.
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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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