Novartis AG (NYSE:NVS) released its quarterly earnings results on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04, MarketWatch Earnings reports. The business had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $12.21 billion. Novartis AG had a return on equity of 15.51% and a net margin of 13.52%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS.

Novartis AG (NYSE:NVS) opened at 85.91 on Tuesday. The stock’s 50 day moving average price is $85.66 and its 200-day moving average price is $82.41. The firm has a market cap of $201.28 billion, a PE ratio of 31.37 and a beta of 0.73. Novartis AG has a 12-month low of $66.93 and a 12-month high of $86.90.

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A number of analysts have recently weighed in on NVS shares. Zacks Investment Research downgraded Novartis AG from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Novartis AG in a research report on Tuesday, August 29th. Credit Suisse Group downgraded Novartis AG from a “neutral” rating to an “underperform” rating and set a $82.25 target price for the company. in a research report on Wednesday, July 5th. Morgan Stanley upgraded Novartis AG from an “underweight” rating to an “overweight” rating in a research report on Wednesday, July 26th. Finally, Cowen and Company set a $77.00 target price on Novartis AG and gave the company a “hold” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $85.28.

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.

Earnings History for Novartis AG (NYSE:NVS)

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