Novo Nordisk A/S (NYSE:NVO) Rating Lowered to Strong Sell at Zacks Research

Novo Nordisk A/S (NYSE:NVOGet Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

NVO has been the topic of several other research reports. BMO Capital Markets restated a “market perform” rating on shares of Novo Nordisk A/S in a report on Thursday, February 5th. Weiss Ratings raised shares of Novo Nordisk A/S from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. TD Cowen reaffirmed a “buy” rating on shares of Novo Nordisk A/S in a research note on Tuesday, February 3rd. CICC Research began coverage on shares of Novo Nordisk A/S in a research note on Friday, January 9th. They set an “outperform” rating and a $73.50 price target on the stock. Finally, HSBC reissued a “hold” rating and issued a $54.00 price target on shares of Novo Nordisk A/S in a report on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.07.

View Our Latest Report on NVO

Novo Nordisk A/S Price Performance

Shares of Novo Nordisk A/S stock opened at $49.04 on Monday. Novo Nordisk A/S has a 1-year low of $43.08 and a 1-year high of $93.80. The firm’s 50-day moving average price is $53.66 and its two-hundred day moving average price is $53.42. The company has a current ratio of 0.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $218.96 billion, a price-to-earnings ratio of 14.13 and a beta of 0.67.

Novo Nordisk A/S (NYSE:NVOGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $11.97 billion. Novo Nordisk A/S had a return on equity of 68.91% and a net margin of 33.03%. On average, equities analysts predict that Novo Nordisk A/S will post 3.84 earnings per share for the current fiscal year.

Institutional Trading of Novo Nordisk A/S

Several institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC grew its stake in shares of Novo Nordisk A/S by 209.8% during the third quarter. True Wealth Design LLC now owns 443 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the period. NewSquare Capital LLC lifted its stake in Novo Nordisk A/S by 174.1% in the second quarter. NewSquare Capital LLC now owns 444 shares of the company’s stock valued at $31,000 after buying an additional 282 shares during the period. Guerra Advisors Inc bought a new position in Novo Nordisk A/S during the third quarter worth about $25,000. Godfrey Financial Associates Inc. acquired a new position in shares of Novo Nordisk A/S during the 4th quarter worth about $25,000. Finally, Strengthening Families & Communities LLC bought a new stake in shares of Novo Nordisk A/S in the 3rd quarter valued at about $30,000. Institutional investors own 11.54% of the company’s stock.

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About Novo Nordisk A/S

(Get Free Report)

Novo Nordisk A/S is a Danish multinational pharmaceutical company headquartered in Bagsværd, Denmark, best known for its leadership in diabetes care and metabolic health. The company traces its roots to early Danish insulin production in the 1920s and was established in its current form through a 1989 merger of predecessor companies. Novo Nordisk develops, manufactures and markets pharmaceutical products and devices that address chronic and serious diseases, with a strong emphasis on long-term treatment and patient support.

The company’s core product portfolio centers on diabetes therapies, including a range of insulins and modern incretin-based treatments.

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Analyst Recommendations for Novo Nordisk A/S (NYSE:NVO)

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