Novartis AG (NYSE: NVS). Extremely important positive changes in investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Novartis AG (NYSE: NVS). Small positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NVS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Novartis has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Novartis has a slightly negative Power Rating of 39 and a poor Appreciation Score of 26, producing the Negative Value Trend Rating.
Recent Price Action
Novartis AG (NYSE: NVS) stock closed at $105.36 on 6/5/24 after a modest gain of 0.4%. However, trading volume in this advance was below average at 72% of normal. The stock has risen 5.7% during the last week and has performed in line with the market over the last nine months.
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