Published: Sun, January 14, 2018
Business | By Tara Barton

Is GlaxoSmithKline (NYSE:GSK) now a 'Sell' After a Merrill Lynch Downgrade?


Shares of GlaxoSmithKline plc (NYSE GSK) opened at $36.40 on Thursday. About 5.29M shares traded. Bank of Hawaii's holdings in GlaxoSmithKline PLC were worth $6,572,000 at the end of the most recent quarter. The stock decreased 1.78% or $0.6661 during the last trading session, reaching $36.7339. About 265,995 shares traded. As per Wednesday, April 26, the company rating was maintained by JP Morgan. It has underperformed by 16.70% the S&P500.

Analysts have given a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 46% are positive. American Capital Senior had 5 analyst reports since November 3, 2015 according to SRatingsIntel. Deutsche Bank maintained it with "Buy" rating and $37 target in Thursday, July 14 report. (NASDAQ:CAVM), 11 have Buy rating, 1 Sell and 12 Hold. The company was downgraded on Tuesday, February 9 by Keefe Bruyette & Woods. As per Thursday, July 14, the company rating was upgraded by Jefferies. The stock has "Buy" rating by RBC Capital Markets on Thursday, December 21. Susquehanna maintained Cavium, Inc. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Thursday, August 31 report. Canaccord Genuity maintained Cavium, Inc. The stock presently has an average rating of "Hold" and a consensus target price of $38.57. P-A-W Capital Corp who had been investing in Glaxosmithkline Plc for a number of months, seems to be less bullish one the $85.76B market cap company. It operates through five divisions: Retirement, Investment Management, Annuities, Individual Life, and Employee Benefits. Sterling Capital Management LLC now owns 12,560 shares of the pharmaceutical company's stock worth $510,000 after purchasing an additional 3,963 shares in the last quarter. XPO Logistics, Inc. (XPO) has risen 103.27% since January 11, 2017 and is uptrending. It has underperformed by 43.75% the S&P500.

Investors sentiment increased to 1.13 in Q3 2017. It's down -0.09, from 0.54 in 2017Q2. 168.54 million shares or 1.33% less from 170.81 million shares in 2017Q2 were reported. D E Shaw reported 2.02 million shares. (NASDAQ:CAVM). Alyeska Ltd Partnership has invested 0.09% in Cavium, Inc. Coldstream Capital Management Inc. purchased a new stake in shares of GlaxoSmithKline in the third quarter worth approximately $237,000. Oak Ridge Investments Llc acquired 42,191 shares as Cavium Inc Com (CAVM)'s stock rose 6.47%. Jpmorgan Chase & has 4.79 million shares for 0.04% of their portfolio. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. Northwestern Mutual Wealth Mgmt accumulated 0% or 502 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0.18% of its portfolio in Voya Financial, Inc. Point72 Asset Management L.P. increased its stake in GlaxoSmithKline by 504.4% in the 3rd quarter. Summit Creek Advisors Llc holds 197,850 shares.

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Since August 17, 2017, it had 0 insider purchases, and 1 insider sale for $1.24 million activity. Another trade for 8,500 shares valued at $342,352 was sold by SILVA KEVIN D. Therefore 29% are positive. Morgan Stanley cut shares of GlaxoSmithKline from an "equal weight" rating to an "underweight" rating in a research report on Friday, September 8th. The company was maintained on Monday, December 11 by Cowen & Co.

A number of equities research analysts recently issued reports on GSK shares. The rating was upgraded by Bank of America to "Neutral" on Tuesday, September 8. The firm earned "Buy" rating on Wednesday, January 27 by Bryan Garnier & Cie. The firm has "Buy" rating by UBS given on Monday, November 27. The stock has "Hold" rating by Cantor Fitzgerald on Friday, February 26. The stock has "Neutral" rating by BNP Paribas on Tuesday, September 15. Citigroup downgraded the stock to "Neutral" rating in Wednesday, July 5 report.

For the current quarter, 2 analysts are projecting a mean EPS of $0.66/share. GSK's profit will be $1.49 billion for 14.36 P/E if the $0.64 EPS becomes a reality.

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