Sanofi (SNY) Cut to Neutral at Bank of America
Sanofi (NYSE:SNY) was downgraded by research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports.
Other equities analysts have also recently issued reports about the company. Argus restated a “buy” rating and set a $55.00 price target on shares of Sanofi in a report on Friday, September 1st. Barclays upgraded Sanofi from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 15th. upgraded Sanofi from a “reduce” rating to a “hold” rating in a report on Wednesday, August 30th. J P Morgan Chase & Co restated a “neutral” rating on shares of Sanofi in a report on Friday, September 15th. Finally, Zacks Investment Research cut Sanofi from a “hold” rating to a “strong sell” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Sanofi currently has a consensus rating of “Hold” and a consensus price target of $53.50.
Shares of Sanofi (NYSE:SNY) traded down $0.34 during mid-day trading on Wednesday, reaching $43.17. The company had a trading volume of 1,495,094 shares, compared to its average volume of 1,502,720. Sanofi has a 1-year low of $38.45 and a 1-year high of $50.65. The company has a market capitalization of $111,349.80, a PE ratio of 13.93, a PEG ratio of 2.44 and a beta of 0.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.59 and a quick ratio of 1.16.
Sanofi is a healthcare company, focused on patient needs and engaged in the research, development, manufacture and marketing of therapeutic solutions. The Company’s segments are Pharmaceuticals, Human Vaccines (Vaccines), and Other. The Pharmaceuticals segment comprises the commercial operations of various franchises, including Speciality Care (Rare Diseases, Multiple Sclerosis, and Oncology), Diabetes and Cardiovascular, Established Prescription Products, Consumer Healthcare and Generics, and research and development, production and marketing activities for all of the Company’s pharmaceuticals operations.
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