Novo Nordisk A/S (NVO) Receives Consensus Recommendation of “Hold” from Brokerages

Novo Nordisk A/S (NYSE:NVO) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company.

NVO has been the topic of a number of analyst reports. BidaskClub upgraded shares of Novo Nordisk A/S from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Bank of America raised shares of Novo Nordisk A/S from an “underperform” rating to a “neutral” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Novo Nordisk A/S from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Wednesday, September 13th. BNP Paribas downgraded shares of Novo Nordisk A/S from an “outperform” rating to a “neutral” rating in a research report on Monday, September 25th. Finally, Morgan Stanley raised shares of Novo Nordisk A/S from an “equal weight” rating to an “overweight” rating in a research report on Friday.

Shares of Novo Nordisk A/S (NYSE NVO) opened at $51.99 on Monday. The stock has a market cap of $132,574.50, a P/E ratio of 22.70, a PEG ratio of 3.10 and a beta of 0.63. Novo Nordisk A/S has a 12 month low of $32.83 and a 12 month high of $52.32.

In related news, insider Eric S. Sprott purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $8.34 per share, with a total value of $417,000.00.

Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in Novo Nordisk A/S by 6.1% in the second quarter. Proficio Capital Partners LLC now owns 2,622 shares of the company’s stock worth $111,000 after purchasing an additional 150 shares during the period. AlphaMark Advisors LLC boosted its holdings in Novo Nordisk A/S by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,645 shares of the company’s stock worth $113,000 after purchasing an additional 30 shares during the period. MUFG Americas Holdings Corp boosted its holdings in Novo Nordisk A/S by 100.0% in the second quarter. MUFG Americas Holdings Corp now owns 3,000 shares of the company’s stock worth $129,000 after purchasing an additional 1,500 shares during the period. Zions Bancorporation boosted its holdings in Novo Nordisk A/S by 677.1% in the third quarter. Zions Bancorporation now owns 2,852 shares of the company’s stock worth $137,000 after purchasing an additional 2,485 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Novo Nordisk A/S by 44.4% in the second quarter. Parallel Advisors LLC now owns 4,108 shares of the company’s stock worth $174,000 after purchasing an additional 1,264 shares during the period. 6.18% of the stock is owned by institutional investors and hedge funds.

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About Novo Nordisk A/S

Novo Nordisk A/S is a global healthcare company engaged in diabetes care. The Company is also engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The Company operates through two business segments: diabetes and obesity care, and biopharmaceuticals. The Company’s diabetes and obesity care segment covers insulin, GLP-1, other protein-related products, such as glucagon, protein-related delivery systems and needles, and oral anti-diabetic drugs.

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

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