GlaxoSmithKline (GSK) Earns “Neutral” Rating from Deutsche Bank

Deutsche Bank reiterated their neutral rating on shares of GlaxoSmithKline (NYSE:GSK) in a research note released on Monday.

Other analysts have also issued research reports about the stock. UBS reiterated a buy rating on shares of GlaxoSmithKline in a research note on Monday, January 15th. Zacks Investment Research upgraded shares of GlaxoSmithKline from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Tuesday, January 2nd. TheStreet lowered shares of GlaxoSmithKline from a b- rating to a c rating in a research note on Wednesday, February 7th. Morgan Stanley upgraded shares of GlaxoSmithKline from an underweight rating to an equal weight rating in a research note on Thursday, March 22nd. Finally, ValuEngine lowered shares of GlaxoSmithKline from a buy rating to a hold rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. GlaxoSmithKline currently has an average rating of Hold and a consensus target price of $40.46.

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Shares of GSK stock opened at $40.62 on Monday. The firm has a market cap of $101,607.21, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.60 and a quick ratio of 0.39. GlaxoSmithKline has a 12 month low of $34.52 and a 12 month high of $44.53.

GlaxoSmithKline (NYSE:GSK) last posted its earnings results on Wednesday, February 7th. The pharmaceutical company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. GlaxoSmithKline had a net margin of 4.97% and a return on equity of 130.63%. The firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $9.89 billion. analysts forecast that GlaxoSmithKline will post 2.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Friday, February 23rd were issued a $0.633 dividend. This is an increase from GlaxoSmithKline’s previous quarterly dividend of $0.50. This represents a $2.53 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Thursday, February 22nd. GlaxoSmithKline’s payout ratio is 87.85%.

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of GlaxoSmithKline by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 9,668,300 shares of the pharmaceutical company’s stock worth $342,935,000 after buying an additional 230,600 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of GlaxoSmithKline by 55.5% in the 4th quarter. Two Sigma Advisers LP now owns 5,074,642 shares of the pharmaceutical company’s stock worth $179,998,000 after buying an additional 1,811,400 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of GlaxoSmithKline by 23.7% in the 4th quarter. Two Sigma Investments LP now owns 2,388,168 shares of the pharmaceutical company’s stock worth $84,708,000 after buying an additional 457,276 shares during the last quarter. Brandes Investment Partners LP boosted its holdings in shares of GlaxoSmithKline by 6.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,262,946 shares of the pharmaceutical company’s stock worth $80,267,000 after buying an additional 130,182 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of GlaxoSmithKline by 259.7% in the 4th quarter. Millennium Management LLC now owns 1,825,451 shares of the pharmaceutical company’s stock worth $64,749,000 after buying an additional 1,318,012 shares during the last quarter. 10.97% of the stock is currently owned by institutional investors.

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GlaxoSmithKline Company Profile

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.

Analyst Recommendations for GlaxoSmithKline (NYSE:GSK)

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