Large-cap Healthcare company Novo Nordisk A/S has moved -1.8% so far today on a volume of 362,287, compared to its average of 1,334,953. In contrast, the S&P 500 index moved -0.2%.
Novo Nordisk A/S trades 5.03% away from its average analyst target price of $128.29 per share. The 3 analysts following the stock have set target prices ranging from $120.08 to $134.69, and on average have given Novo Nordisk A/S a rating of strong buy.
If you are considering an investment in NVO, you'll want to know the following:
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Novo Nordisk A/S's current price is 26.6% above its Graham number of $106.42, which implies that at its current valuation it does not offer a margin of safety
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Based on its trailing earnings per share of 2.92, Novo Nordisk A/S has a trailing 12 month Price to Earnings (P/E) ratio of 46.1 while the S&P 500 average is 15.97
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NVO has a forward P/E ratio of 40.1 based on its forward 12 month price to earnings (EPS) of $3.36 per share
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The company has a price to earnings growth (PEG) ratio of 125.22 — a number near or below 1 signifying that Novo Nordisk A/S is fairly valued compared to its estimated growth potential
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Its Price to Book (P/B) ratio is 4.9 compared to its sector average of 4.07
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Novo Nordisk A/S, a healthcare company, engages in the research, development, manufacture, and marketing of pharmaceutical products worldwide.
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Based in Bagsvaerd, the company has 50,816 full time employees and a market cap of $307,150,618,624. Novo Nordisk A/S currently returns an annual dividend yield of 6.6%.