NVS has been the subject of a number of other research reports. Barclays downgraded shares of Novartis from an equal weight rating to an underweight rating in a research report on Wednesday, October 25th. BidaskClub raised shares of Novartis from a sell rating to a hold rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of Novartis from a hold rating to a buy rating and set a $96.00 price objective for the company in a report on Tuesday, September 19th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Novartis in a report on Tuesday, October 31st. Finally, Leerink Swann lifted their price objective on shares of Novartis from $89.00 to $91.00 and gave the stock a market perform rating in a report on Monday, October 23rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $85.32.
Novartis (NYSE:NVS) traded down $0.66 during mid-day trading on Wednesday, hitting $83.18. 1,256,800 shares of the stock were exchanged, compared to its average volume of 2,275,874. Novartis has a twelve month low of $66.93 and a twelve month high of $86.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 0.81. The firm has a market capitalization of $198,331.47, a P/E ratio of 17.65, a P/E/G ratio of 2.67 and a beta of 0.73.
Institutional investors have recently added to or reduced their stakes in the business. WFG Advisors LP boosted its holdings in shares of Novartis by 38.1% during the second 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. Wealthcare Advisory Partners LLC acquired a new position in shares of Novartis during the third quarter valued at $106,000. Cable Hill Partners LLC boosted its holdings in shares of Novartis by 588.8% during the third quarter. Cable Hill Partners LLC now owns 1,295 shares of the company’s stock valued at $112,000 after acquiring an additional 1,107 shares during the period. Harding Loevner LP acquired a new position in shares of Novartis during the second quarter valued at $146,000. Finally, Mosaic Family Wealth LLC boosted its holdings in shares of Novartis by 6.1% during the second quarter. Mosaic Family Wealth LLC now owns 2,144 shares of the company’s stock valued at $179,000 after acquiring an additional 123 shares during the period. 10.87% of the stock is owned by hedge funds and other 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.
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