Novo Nordisk A/S (NYSE:NVO) Cut to Hold at Zacks Investment Research

About shares traded. Novo Nordisk A S (ADR) (NYSE:NVO) has declined 23.93% since August 4, 2016 and is downtrending.

Peter Schliemann decreased its stake in Blue Nile Inc.

Bernard Horn increased its stake in Allete (ALE) by 37.31% based on its latest 2016Q4 regulatory filing with the SEC. Eqis Capital Management Inc.'s holdings in Novo Nordisk A/S were worth $390,000 at the end of the most recent quarter. The company also received approval by the FDA for the Biologics License Application (BLA) for Rebinyn for the treatment of adults and children with hemophilia B and marketing authorization in Europe for the same for the treatment of adolescents and adults with haemophilia B. The company has a strong pipeline, primarily focusing on therapeutic proteins within insulin, GLP-1, blood clotting factors and human growth hormone.

Several institutional investors have recently added to or reduced their stakes in the company. It is 0.00% or $0 reaching $0 per share. Medallion Financial Corp (TAXI) has 0.00% since August 3, 2016 and is. It has underperformed by 16.70% the S&P500. Novo Nordisk A/S (NVO) has made its way to a 12-month decline of -23.23%.

Novo Nordisk A/S is a global healthcare firm engaged in diabetes care.

BidaskClub lowered shares of Novo Nordisk A/S (NYSE:NVO) from a hold rating to a sell rating in a report released on Monday. Wedge Cap Management L LP Nc has 6,131 shares for 0% of their portfolio. NVO's profit will be $1.10B for 19.00 P/E if the $0.56 EPS becomes a reality.

Analysts at Jefferies Group issued their Q2 2017 earnings per share (EPS) estimates for shares of Novo Nordisk A/S in a research note issued to investors on Friday. Perigon Wealth Management LLC purchased a new position in shares of Novo Nordisk A/S during the fourth quarter valued at about $105,000. (NYSE:V) by 75,362 shares in the quarter, for a total of 146,631 shares, and has risen its stake in Auto Data Processing (NASDAQ:ADP).

Among 13 analysts covering Novo Nordisk (ADR) (NYSE:NVO), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. HSBC Holdings plc downgraded Novo Nordisk A/S from a hold rating to a reduce rating in a research report on Friday, April 7th. The rating was initiated by Leerink Swann on Friday, August 28 with "Market Perform".

Novo Nordisk A/S (NVO) opened at 43.09 on Monday.

01/03/2017 - Novo Nordisk A/S was downgraded to "underweight" by analysts at JP Morgan. The firm earned "Outperform" rating on Tuesday, September 13 by BNP Paribas.

Saratoga Research & Investment Management increased Novo Nordisk Adr (NVO) stake by 5.85% reported in 2016Q4 SEC filing. The stock of Novo Nordisk A S (ADR) (NYSE:NVO) has "Neutral" rating given on Friday, September 23 by Piper Jaffray. Zacks upgraded Novo Nordisk A S (ADR) (NYSE:NVO) rating on Friday, August 28.

10/28/2016 - Novo Nordisk A/S was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. The stock has "Neutral" rating by Citigroup on Wednesday, August 31. The stock has a consensus rating of Hold and an average target price of $53.00.

Investors sentiment decreased to 1.05 in Q4 2016. Its up 0.31, from 1.05 in 2016Q3. 32 funds opened positions while 28 raised stakes. About 73,986 shares traded. Principal Group Incorporated Inc holds 0.02% or 340,308 shares in its portfolio. Edge Asset Mgmt Inc reported 652,596 shares or 0.28% of all its holdings. Fdx reported 5,546 shares. The Credit Suisse Ag holds 15,724 shares with $882,000 value, down from 27,001 last quarter. Nordea Management Ab stated it has 47,500 shares. Barclays Public Lc invested in 31,011 shares or 0% of the stock. Teacher Retirement Systems Of Texas owns 2,982 shares for 0% of their portfolio. Clarivest Asset Mngmt reported 47,500 shares. Thompson Siegel And Walmsley Limited Liability Co owns 300 shares or 0% of their U.S. portfolio. Needham Inv Mgmt Limited Liability Co holds 13,500 shares or 0.34% of its portfolio.

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