BNP Paribas upgraded shares of GlaxoSmithKline (NYSE:GSK) from a neutral rating to an outperform rating in a research report released on Wednesday, Marketbeat reports.
A number of other brokerages have also weighed in on GSK. Kepler Capital Markets upgraded shares of GlaxoSmithKline from a reduce rating to a hold rating in a report on Friday, February 9th. Zacks Investment Research lowered shares of GlaxoSmithKline from a buy rating to a hold rating in a report on Wednesday, January 10th. Cowen restated a hold rating and issued a $40.00 price objective on shares of GlaxoSmithKline in a report on Thursday, February 15th. ValuEngine lowered shares of GlaxoSmithKline from a buy rating to a hold rating in a report on Friday, February 2nd. Finally, JPMorgan Chase restated a neutral rating on shares of GlaxoSmithKline in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $39.96.
Shares of NYSE GSK opened at $39.93 on Wednesday. GlaxoSmithKline has a twelve month low of $34.52 and a twelve month high of $44.53. The company has a market capitalization of $98,830.24, a P/E ratio of 13.86, a PEG ratio of 2.22 and a beta of 0.84. The company has a quick ratio of 0.39, a current ratio of 0.60 and a debt-to-equity ratio of 4.09.
GlaxoSmithKline (NYSE:GSK) last announced its quarterly earnings data on Wednesday, February 7th. The pharmaceutical company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. GlaxoSmithKline had a net margin of 4.97% and a return on equity of 130.63%. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $9.89 billion. sell-side analysts expect that GlaxoSmithKline will post 2.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.633 per share. The ex-dividend date is Thursday, February 22nd. This is a positive change from GlaxoSmithKline’s previous quarterly dividend of $0.50. This represents a $2.53 dividend on an annualized basis and a yield of 6.34%. GlaxoSmithKline’s payout ratio is currently 87.85%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in GlaxoSmithKline by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,668,300 shares of the pharmaceutical company’s stock valued at $342,935,000 after buying an additional 230,600 shares during the last quarter. Two Sigma Advisers LP raised its stake in GlaxoSmithKline by 55.5% during the 4th quarter. Two Sigma Advisers LP now owns 5,074,642 shares of the pharmaceutical company’s stock valued at $179,998,000 after buying an additional 1,811,400 shares during the last quarter. NWQ Investment Management Company LLC raised its stake in GlaxoSmithKline by 9.4% during the 3rd quarter. NWQ Investment Management Company LLC now owns 2,728,458 shares of the pharmaceutical company’s stock valued at $110,775,000 after buying an additional 233,689 shares during the last quarter. Two Sigma Investments LP raised its stake in GlaxoSmithKline by 23.7% during the 4th quarter. Two Sigma Investments LP now owns 2,388,168 shares of the pharmaceutical company’s stock valued at $84,708,000 after buying an additional 457,276 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in GlaxoSmithKline by 6.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,262,946 shares of the pharmaceutical company’s stock valued at $80,267,000 after buying an additional 130,182 shares during the last quarter. Institutional investors and hedge funds own 10.96% of the company’s stock.
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GlaxoSmithKline plc engages in the creation, discovery, development, manufacture, and marketing of vaccines, over-the-counter medicines, and health-related consumer products worldwide. It operates through four segments: Pharmaceuticals, Pharmaceuticals R&D, Vaccines, and Consumer Healthcare. The company offers pharmaceutical products comprising medicines in the therapeutic areas, such as respiratory, anti-virals, central nervous system, cardiovascular and urogenital, metabolic, anti-bacterials, dermatology, rare diseases, immuno-inflammation, and HIV, as well as vaccines.
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