GlaxoSmithKline (GSK) Raised to Overweight at Barclays
GlaxoSmithKline (NYSE:GSK) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, The Fly reports.
Several other research firms also recently commented on GSK. Zacks Investment Research upgraded GlaxoSmithKline from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, October 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of GlaxoSmithKline in a research report on Wednesday, October 18th. Bank of America downgraded GlaxoSmithKline from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. UBS Group restated a “buy” rating on shares of GlaxoSmithKline in a research report on Monday. Finally, TheStreet upgraded GlaxoSmithKline from a “c+” rating to a “b” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. GlaxoSmithKline has a consensus rating of “Hold” and a consensus price target of $38.57.
GlaxoSmithKline (GSK) traded up $0.66 during trading on Tuesday, hitting $37.50. The company had a trading volume of 4,999,600 shares, compared to its average volume of 6,065,456. The company has a debt-to-equity ratio of 2.96, a current ratio of 0.64 and a quick ratio of 0.44. The company has a market cap of $93,290.00, a P/E ratio of 28.63, a PEG ratio of 2.15 and a beta of 0.97. GlaxoSmithKline has a 1-year low of $34.52 and a 1-year high of $44.53.
GlaxoSmithKline (NYSE:GSK) last posted its earnings results on Wednesday, October 25th. The pharmaceutical company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. GlaxoSmithKline had a return on equity of 115.30% and a net margin of 7.79%. sell-side analysts anticipate that GlaxoSmithKline will post 2.9 EPS for the current year.
In other GlaxoSmithKline news, major shareholder Plc Glaxosmithkline acquired 428,571 shares of the business’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $14.00 per share, for a total transaction of $5,999,994.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Atria Investments LLC raised its position in GlaxoSmithKline by 17.1% in the 4th quarter. Atria Investments LLC now owns 12,830 shares of the pharmaceutical company’s stock valued at $455,000 after purchasing an additional 1,874 shares during the last quarter. KCS Wealth Advisory bought a new position in GlaxoSmithKline in the 4th quarter valued at $461,000. Trust Co increased its stake in shares of GlaxoSmithKline by 13.0% in the 3rd quarter. Trust Co now owns 28,634 shares of the pharmaceutical company’s stock valued at $1,163,000 after buying an additional 3,285 shares during the period. Bogart Wealth LLC increased its stake in shares of GlaxoSmithKline by 11.9% in the 4th quarter. Bogart Wealth LLC now owns 40,495 shares of the pharmaceutical company’s stock valued at $1,436,000 after buying an additional 4,310 shares during the period. Finally, Atlantic Trust Group LLC increased its stake in shares of GlaxoSmithKline by 20.3% in the 3rd quarter. Atlantic Trust Group LLC now owns 69,783 shares of the pharmaceutical company’s stock valued at $2,834,000 after buying an additional 11,777 shares during the period. Hedge funds and other institutional investors own 9.80% of the company’s stock.
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GlaxoSmithKline Company Profile
GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.
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