GRIFOLS S A/S (NASDAQ:GRFS) Upgraded at BidaskClub

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BidaskClub upgraded shares of GRIFOLS S A/S (NASDAQ:GRFS) from a sell rating to a hold rating in a research report released on Wednesday morning, BidAskClub reports.

Several other analysts have also issued reports on GRFS. Santander raised GRIFOLS S A/S from a hold rating to a buy rating in a report on Monday, October 28th. Berenberg Bank raised GRIFOLS S A/S to a buy rating in a research note on Wednesday, October 30th. Zacks Investment Research raised shares of GRIFOLS S A/S from a sell rating to a hold rating in a research report on Tuesday, November 12th. Finally, ValuEngine upgraded shares of GRIFOLS S A/S from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. GRIFOLS S A/S has an average rating of Hold and a consensus price target of $20.75.

NASDAQ GRFS traded up $0.59 during midday trading on Wednesday, hitting $22.97. The company had a trading volume of 1,833,202 shares, compared to its average volume of 1,168,204. The firm has a 50-day moving average price of $21.81 and a 200-day moving average price of $20.91. The company has a market capitalization of $15.79 billion, a PE ratio of 19.63, a P/E/G ratio of 1.43 and a beta of 1.06. The company has a current ratio of 2.62, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. GRIFOLS S A/S has a twelve month low of $17.42 and a twelve month high of $23.60.

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.169 per share. The ex-dividend date is Monday, December 2nd. This is a boost from GRIFOLS S A/S’s previous semi-annual dividend of $0.15. This represents a yield of 1.3%. GRIFOLS S A/S’s dividend payout ratio is presently 29.06%.

Several hedge funds have recently modified their holdings of the business. Cardinal Capital Management lifted its position in shares of GRIFOLS S A/S by 1.1% during the 3rd quarter. Cardinal Capital Management now owns 53,914 shares of the biotechnology company’s stock worth $1,080,000 after buying an additional 602 shares during the last quarter. Atria Investments LLC raised its stake in GRIFOLS S A/S by 3.6% during the second quarter. Atria Investments LLC now owns 21,033 shares of the biotechnology company’s stock worth $460,000 after acquiring an additional 734 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of GRIFOLS S A/S by 5.5% in the second quarter. Wetherby Asset Management Inc. now owns 16,189 shares of the biotechnology company’s stock worth $342,000 after acquiring an additional 849 shares during the last quarter. BB&T Corp lifted its holdings in shares of GRIFOLS S A/S by 2.5% in the third quarter. BB&T Corp now owns 35,219 shares of the biotechnology company’s stock worth $706,000 after acquiring an additional 857 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of GRIFOLS S A/S by 24.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,818 shares of the biotechnology company’s stock valued at $165,000 after purchasing an additional 1,522 shares in the last quarter. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

GRIFOLS S A/S Company Profile

Grifols, SA, a specialty pharmaceutical company, develops, manufactures, and distributes a range of biological medicines on plasma derived proteins worldwide. The company operates through five segments: Bioscience, Diagnostic, Hospital, Bio Supplies, and Others. The Bioscience segment manufactures plasma derivatives for therapeutic use; and sells and distributes end products.

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