Could Novo Nordisk A/S (NVO) Go Down After Touching 52-Week High?

Modesto Morganelli
Dicembre 7, 2017

Cornerstone Advisors Inc. grew its position in shares of Novo Nordisk A/S by 1,220.2% during the 2nd quarter. Novo Nordisk A/S Spons Adr now has $122.96B valuation. The stock increased 2.68% or $1.36 during the last trading session, reaching $52.06. About 421,729 shares traded. It has underperformed by 16.70% the S&P500.

Donald Smith & Company Inc decreased Coeur Mining (CDE) stake by 1.09% reported in 2017Q2 SEC filing. Proficio Capital Partners LLC now owns 2,622 shares of the company's stock worth $111,000 after acquiring an additional 150 shares during the last quarter. Coeur Mining now has $1.28B valuation. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since December 6, 2016 and is uptrending. It has outperformed by 4.79% the S&P500. Perigon Wealth Management LLC bought a new stake in shares of Novo Nordisk A/S during the fourth quarter worth about $105,000. It also upped Singapore Telecommunications L (SGAPY) stake by 66,215 shares and now owns 231,886 shares. Ishares (TIP) was raised too. Zacks Investment Research raised shares of Novo Nordisk A/S from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Tuesday, October 10th. Therefore 38% are positive. BidaskClub raised shares of Novo Nordisk A/S from a "sell" rating to a "hold" rating in a report on Saturday, August 12th. Bank of America upgraded Novo Nordisk A/S (NYSE:NVO) on Wednesday, December 6 to "Buy" rating. Patients who had type 1 diabetes and had controlled blood sugar levels had a 16% lower rate of hypoglycemia over 6 months with a 13% lower dose of insulin.

Ozempic is a once-weekly injection that Novo Nordisk hopes will take market share from Trulicity, which has been cutting into sales of Novo Nordisk's once-daily Victoza. Leerink Swann initiated the shares of NVO in report on Friday, August 28 with "Market Perform" rating. The rating was upgraded by HSBC on Wednesday, August 31 to "Hold". The rating was upgraded by Goldman Sachs on Monday, February 15 to "Conviction Buy".

Novo Nordisk executive vice president and chief science officer Mads Krogsgaard Thomsen said: "We are very excited about the first approval of Ozempic and look forward to making this important innovation available to people in the USA with type 2 diabetes in the beginning of 2018". Fisher Asset Management LLC now owns 12,124,724 shares of the company's stock worth $583,806,000 after purchasing an additional 433,727 shares during the last quarter. NVO's profit will be $1.36 billion for 23.31 P/E if the $0.56 EPS becomes a reality. After $0.62 actual EPS reported by Novo Nordisk A/S for the previous quarter, Wall Street now forecasts -9.68% negative EPS growth.

Among 8 analysts covering Coeur Mining (NYSE:CDE), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Coeur Mining had 43 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, August 10, the company rating was maintained by Piper Jaffray. The rating was maintained by N+1 Singer on Wednesday, January 11 with "Buy". The firm earned "Buy" rating on Tuesday, November 21 by Raymond James. The firm earned "Buy" rating on Friday, July 28 by Jefferies. The firm earned "Hold" rating on Monday, November 9 by Deutsche Bank. The stock of Electronic Arts Inc. (NYSE:CDE) earned "Buy" rating by RBC Capital Markets on Monday, June 12.

TRADEMARK VIOLATION NOTICE: "Novo Nordisk A/S (NVO) Lifted to Overweight at Morgan Stanley" was first published by The Lincolnian Online and is the property of of The Lincolnian Online.

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