Somewhat Positive News Coverage Somewhat Unlikely to Affect Novartis (NYSE:NVS) Stock Price

News articles about Novartis (NYSE:NVS) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Novartis earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.9805131217458 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

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NVS traded down $0.61 on Tuesday, hitting $76.99. The company had a trading volume of 1,571,252 shares, compared to its average volume of 1,753,937. Novartis has a 1-year low of $75.62 and a 1-year high of $94.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.91 and a current ratio of 1.17. The firm has a market cap of $180,483.47, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74.

Novartis (NYSE:NVS) last posted its earnings results on Thursday, April 19th. The company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.03. The firm had revenue of $12.69 billion during the quarter, compared to analyst estimates of $12.45 billion. Novartis had a return on equity of 16.23% and a net margin of 16.04%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. analysts anticipate that Novartis will post 5.28 earnings per share for the current fiscal year.

NVS has been the topic of several research analyst reports. JPMorgan Chase reaffirmed a “neutral” rating on shares of Novartis in a research note on Monday, April 9th. Deutsche Bank reaffirmed a “neutral” rating on shares of Novartis in a research note on Tuesday, April 10th. UBS reaffirmed a “neutral” rating on shares of Novartis in a research note on Monday, January 15th. Zacks Investment Research cut Novartis from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Finally, Nord/LB reiterated a “neutral” rating on shares of Novartis in a report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $87.51.

In other Novartis news, major shareholder Institutes For Biomed Novartis purchased 766,666 shares of the company’s stock in a transaction on Monday, April 23rd. The shares were bought at an average cost of $15.00 per share, with a total value of $11,499,990.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

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About Novartis

Novartis AG researches, develops, manufactures, and markets a range of healthcare products worldwide. The company's Innovative Medicines segment offers patented prescription medicines to enhance health outcomes for patients and health-care providers. This segment also commercializes products in the areas of oncology and rare diseases, ophthalmology, immunology and dermatology, neuroscience, respiratory, cardio-metabolic, and established medicines.

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