Analyst Ratings for Novartis AG ADR (NVS)Updated: 2017-07-28
Analysts covering Novartis AG ADR (NYSE:NVS) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for NVS last month.
33 analysts issued ratings on the stock, where 12 gave NVS a buy rating, 3 gave an overweight rating, 15 issued a hold rating, 0 gave an underweight rating, and 3 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for NVS. The most optimistic analyst gave a price target of 99.69, implying a possible profit of 17.32 percent. The lowest price target was 75.44, which equates to a potential downside of -11.22 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.91 percent. That number becomes 2.48 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.96 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.07 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
NVS has an estimated earnings growth rate of 73.08 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. NVS has a PEG ratio of 0.42.
In the trailing 52-weeks, NVS hit 86.90 at the highest peak, while it's lowest trading point was 66.93. The current market price is above the trailing year's low by 26.95 percent, and 2.22 percent below the high. NVS has a P/E ratio of 30.93. Investors typically compare the P/E ratio to a company's peers in the industry. The NVS value stock report compares NVS to some of its peers using value stock charts. The market cap of NVS is $220.5 billion. NVS is estimated to release their earnings results for the quarter on 0000-00-00, days from today.