Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 0.2%. By the end of trading, Novo Nordisk A/S rose $1.68 (1.1%) to $157.04 on light volume. Throughout the day, 217,076 shares of Novo Nordisk A/S exchanged hands as compared to its average daily volume of 344,200 shares. The stock ranged in a price between $156.19-$157.36 after having opened the day at $156.57 as compared to the previous trading day's close of $155.36. Other companies within the Drugs industry that increased today were:
), up 25%,
), up 23.1%,
), up 17.8%, and
), up 15.4%.
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Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products in Denmark and internationally. The company operates in two segments, Diabetes Care and Biopharmaceuticals. Novo Nordisk A/S has a market cap of $90.06 billion and is part of the
sector. The company has a P/E ratio of four, below the average drugs industry P/E ratio of 26.7 and below the S&P 500 P/E ratio of 17.7. Shares are up 34.7% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Novo Nordisk A/S a buy, one analyst rates it a sell, and one rates it a hold.
TheStreet Ratings rates Novo Nordisk A/S as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Novo Nordisk A/S Ratings Report.
On the negative front,
), down 24%,
), down 10%,
), down 9.2%, and
), down 8.7%, were all laggards within the drugs industry with
) being today's drugs industry laggard.
- Use our drugs section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider
) while those bearish on the drugs industry could consider
- Find other investment ideas from our top rated ETFs lists.
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