Novartis AG (NVS) Given Average Rating of “Hold” by Brokerages

Novartis AG (NYSE:NVS) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $83.19.

A number of research analysts recently issued reports on NVS shares. Zacks Investment Research downgraded Novartis from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Bank of America cut Novartis from a “neutral” rating to an “underperform” rating in a report on Wednesday, December 6th. Nord/LB reissued a “neutral” rating on shares of Novartis in a report on Wednesday, December 27th. UBS Group reissued a “neutral” rating on shares of Novartis in a report on Monday, January 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Novartis in a report on Thursday, January 18th.

Shares of Novartis (NVS) traded up $0.23 during trading hours on Wednesday, hitting $86.91. The company had a trading volume of 983,100 shares, compared to its average volume of 1,715,442. The company has a market cap of $201,410.11, a P/E ratio of 26.74, a PEG ratio of 2.02 and a beta of 0.73. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Novartis has a 52 week low of $72.67 and a 52 week high of $94.19.

Novartis (NYSE:NVS) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The company had revenue of $12.92 billion during the quarter, compared to the consensus estimate of $12.65 billion. Novartis had a return on equity of 16.03% and a net margin of 15.69%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. research analysts predict that Novartis will post 5.36 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WFG Advisors LP raised its holdings in shares of Novartis by 38.1% during the 2nd quarter. WFG Advisors LP now owns 1,221 shares of the company’s stock worth $102,000 after acquiring an additional 337 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Novartis during the 3rd quarter worth approximately $106,000. Cable Hill Partners LLC raised its holdings in shares of Novartis by 588.8% during the 3rd quarter. Cable Hill Partners LLC now owns 1,295 shares of the company’s stock worth $112,000 after acquiring an additional 1,107 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Novartis during the 4th quarter worth approximately $113,000. Finally, Calton & Associates Inc. purchased a new stake in shares of Novartis during the 4th quarter worth approximately $118,000. 10.96% of the stock is currently owned by institutional investors.

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Novartis 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.

Analyst Recommendations for Novartis (NYSE:NVS)

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