Novartis AG (NYSE:NVS) – Equities researchers at Jefferies Group lowered their FY2018 earnings per share estimates for Novartis AG in a research report issued on Friday. Jefferies Group analyst J. Holford now anticipates that the company will earn $5.25 per share for the year, down from their previous forecast of $5.32. Jefferies Group also issued estimates for Novartis AG’s FY2019 earnings at $6.10 EPS and FY2021 earnings at $7.68 EPS.
Novartis AG (NYSE:NVS) last posted its earnings results on Tuesday, April 25th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.59 billion. Novartis AG had a net margin of 13.10% and a return on equity of 15.46%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share.
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A number of other research analysts also recently issued reports on NVS. Vetr upgraded shares of Novartis AG from a “hold” rating to a “buy” rating and set a $79.30 price target on the stock in a research report on Wednesday, March 1st. BNP Paribas downgraded shares of Novartis AG from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 7th. Societe Generale upgraded shares of Novartis AG from a “hold” rating to a “buy” rating and boosted their target price for the company from $73.82 to $74.37 in a research report on Tuesday, March 7th. Barclays PLC started coverage on shares of Novartis AG in a research report on Tuesday, March 7th. They set an “underweight” rating on the stock. Finally, Liberum Capital started coverage on shares of Novartis AG in a research report on Thursday, March 9th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.12.
Novartis AG (NYSE NVS) traded up 0.80% during midday trading on Monday, reaching $82.09. 844,698 shares of the company’s stock traded hands. The firm has a market cap of $194.19 billion, a price-to-earnings ratio of 30.86 and a beta of 0.76. Novartis AG has a 1-year low of $66.93 and a 1-year high of $83.58. The stock’s 50 day moving average price is $80.28 and its 200 day moving average price is $75.35.
Several hedge funds have recently bought and sold shares of NVS. Causeway Capital Management LLC raised its stake in Novartis AG by 6.3% in the first quarter. Causeway Capital Management LLC now owns 338,149 shares of the company’s stock valued at $25,114,000 after buying an additional 20,131 shares during the last quarter. Laurel Wealth Advisors Inc. raised its stake in Novartis AG by 7.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 18,553 shares of the company’s stock valued at $1,377,000 after buying an additional 1,352 shares during the last quarter. Columbia Partners L L C Investment Management raised its stake in Novartis AG by 12.1% in the first quarter. Columbia Partners L L C Investment Management now owns 15,200 shares of the company’s stock valued at $1,128,000 after buying an additional 1,640 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Novartis AG during the first quarter valued at about $3,428,000. Finally, Sowell Financial Services LLC raised its stake in Novartis AG by 118.6% in the first quarter. Sowell Financial Services LLC now owns 3,358 shares of the company’s stock valued at $273,000 after buying an additional 1,822 shares during the last quarter. Hedge funds and other institutional investors own 11.37% of the company’s stock.
Novartis AG 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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