Novartis AG (NYSE:NVS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the stock. TheStreet raised shares of Novartis AG from a “c+” rating to a “b” rating in a research report on Friday, June 2nd. Barclays PLC raised shares of Novartis AG from an “underweight” rating to an “equal weight” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Novartis AG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 1st. Vetr lowered shares of Novartis AG from a “buy” rating to a “hold” rating and set a $78.32 price target for the company. in a research report on Tuesday, April 25th. Finally, Cowen and Company set a $77.00 price target on shares of Novartis AG and gave the stock a “hold” rating in a research report on Tuesday, July 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.56.

Shares of Novartis AG (NYSE:NVS) opened at 83.18 on Friday. The company has a market capitalization of $194.88 billion, a price-to-earnings ratio of 30.37 and a beta of 0.73. The company’s 50-day moving average is $84.25 and its 200 day moving average is $78.58. Novartis AG has a 12 month low of $66.93 and a 12 month high of $86.90.

Novartis AG (NYSE:NVS) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.06. The firm had revenue of $12.24 billion during the quarter, compared to analyst estimates of $12.20 billion. Novartis AG had a net margin of 13.52% and a return on equity of 15.51%. Novartis AG’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. On average, equities research analysts anticipate that Novartis AG will post $4.73 earnings per share for the current year.

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In other news, major shareholder Bioventures Ltd Novartis bought 266,667 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was purchased at an average cost of $15.00 per share, with a total value of $4,000,005.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.01% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. E&G Advisors LP raised its position in Novartis AG by 27.0% in the first quarter. E&G Advisors LP now owns 10,350 shares of the company’s stock valued at $769,000 after buying an additional 2,200 shares during the period. First PREMIER Bank raised its position in Novartis AG by 2.4% in the first quarter. First PREMIER Bank now owns 2,242 shares of the company’s stock valued at $166,000 after buying an additional 52 shares during the period. Capstone Asset Management Co. raised its position in Novartis AG by 7.6% in the first quarter. Capstone Asset Management Co. now owns 128,300 shares of the company’s stock valued at $9,529,000 after buying an additional 9,010 shares during the period. TNB Financial purchased a new position in Novartis AG during the first quarter valued at $6,982,000. Finally, Hall Laurie J Trustee raised its position in Novartis AG by 2.8% in the first quarter. Hall Laurie J Trustee now owns 16,663 shares of the company’s stock valued at $1,229,000 after buying an additional 450 shares during the period. 11.27% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Novartis AG (NYSE:NVS)

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