Things appear to be looking up for Novartis AG (NVS)

Novartis AG (NYSE: NVS) is 0.20% higher on its value in year-to-date trading and has touched a low of $69.18 and a high of $99.84 in the current 52-week trading range. The NVS stock was last observed hovering at around $94.62 in the last trading session, with the day’s gains setting it 1.74% off its average median price target of $108.14 for the next 12 months. It is also 28.02% off the consensus price target high of $133.87 offered by 26 analysts, but current levels are -14.55% lower than the price target low of $84.12 for the same period.

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Currently trading at $96.36, the stock is 4.35% and 7.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 1.84% at the moment leaves the stock 10.62% off its SMA200. NVS registered 0.02% gain for a year compared to 6-month gain of 8.27%. The firm has a 50-day simple moving average (SMA 50) of $91.84 and a 200-day simple moving average (SMA200) of $87.46.

The stock witnessed a 4.49% loss in the last 1 month and extending the period to 3 months gives it a 8.22%, and is 1.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.05% over the week and 1.06% over the month.

Novartis AG (NVS) has around 110000 employees, a market worth around $232.57B and $49.58B in sales. Current P/E ratio is 30.64 and Fwd P/E is 14.90. Profit margin for the company is 14.30%. Distance from 52-week low is 39.29% and -3.49% from its 52-week high. The company has generated returns on investments over the last 12 months (8.60%).

Novartis AG (NVS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Novartis AG (NVS) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 1.00, where 6 rate it as a Hold and 2 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Novartis AG is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $1.35 with sales reaching $12.89B over the same period.The EPS is expected to shrink by -43.60% this year, but quarterly earnings will post 3.60% year-over-year. Quarterly sales are estimated to grow 3.90% in year-over-year returns.

Novartis AG (NVS) Top Institutional Holders

1,220 institutions hold shares in Novartis AG (NVS), with 68.23k shares held by insiders accounting for 0.00% while institutional investors hold 10.08% of the company’s shares. The shares outstanding are 2.29B, and float is at 2.27B with Short Float at 0.19%. Institutions hold 10.08% of the Float.

The top institutional shareholder in the company is Primecap Management Company with over 22.57 million shares valued at $1.96 billion. The investor’s holdings represent 0.91% of the NVS Shares outstanding. As of Sep 29, 2020, the second largest holder is Dodge & Cox Inc with 21.79 million shares valued at $1.89 billion to account for 0.88% of the shares outstanding. The other top investors are Loomis Sayles & Company, LP which holds 10.51 million shares representing 0.43% and valued at over $913.58 million, while Fisher Asset Management, LLC holds 0.37% of the shares totaling 9.06 million with a market value of $788.23 million.

Novartis AG (NVS) Insider Activity

The most recent transaction is an insider purchase by Novartis Bioventures Ltd, the company’s Former 10% Owner. SEC filings show that Novartis Bioventures Ltd bought 125,000 shares of the company’s common stock on Jun 30 at a price of $17.00 per share for a total of $2.13 million. Following the purchase, the insider now owns 1.18 million shares.

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Novartis AG (NVS): Who are the competitors?

The company’s main competitors (and peers) include Johnson & Johnson (JNJ) that is trading 9.28% up over the past 12 months. Bristol-Myers Squibb Company (BMY) is -0.84% down on the 1-year trading charts. Short interest in the company’s stock has risen 10.38% from the last report on Nov 29, 2020 to stand at a total of 3.97 million short shares sold with a short interest ratio of 2.31.

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