JPMorgan Chase & Co. Increases Sanofi (NASDAQ:SNY) Price Target to €115.00

Sanofi (NASDAQ:SNY – Get Rating) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from €105.00 ($108.25) to €115.00 ($118.56) in a research report issued to clients and investors on Monday, The Fly reports.

A number of other analysts have also weighed in on SNY. Morgan Stanley increased their target price on shares of Sanofi from €110.00 ($113.40) to €112.00 ($115.46) in a report on Friday, April 22nd. UBS Group increased their price target on shares of Sanofi from €118.00 ($121.65) to €119.00 ($122.68) and gave the stock a “buy” rating in a research note on Tuesday, June 7th. Credit Suisse Group increased their price target on shares of Sanofi from €105.00 ($108.25) to €110.00 ($113.40) and gave the stock an “outperform” rating in a research note on Friday, July 22nd. Barclays increased their price target on shares of Sanofi from €90.00 ($92.78) to €105.00 ($108.25) in a research note on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Sanofi from €85.00 ($87.63) to €90.00 ($92.78) and gave the stock a “sell” rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.14.

Sanofi Stock Performance

Sanofi stock opened at $48.80 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.34 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $51.17 and a 200-day moving average of $52.14. The firm has a market cap of $123.51 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.23 and a beta of 0.48. Sanofi has a 1-year low of $46.92 and a 1-year high of $58.10.

Hedge Funds Weigh In On Sanofi

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fieldpoint Private Securities LLC increased its stake in shares of Sanofi by 8.1% during the first quarter. Fieldpoint Private Securities LLC now owns 2,444 shares of the company’s stock valued at $125,000 after purchasing an additional 184 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Sanofi by 49.0% during the first quarter. Pinnacle Bancorp Inc. now owns 587 shares of the company’s stock valued at $30,000 after acquiring an additional 193 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Sanofi by 3.4% during the fourth quarter. Keudell Morrison Wealth Management now owns 5,954 shares of the company’s stock valued at $298,000 after acquiring an additional 198 shares in the last quarter. DT Investment Partners LLC increased its position in shares of Sanofi by 1.1% during the second quarter. DT Investment Partners LLC now owns 18,249 shares of the company’s stock valued at $913,000 after acquiring an additional 202 shares in the last quarter. Finally, Dearborn Partners LLC increased its position in shares of Sanofi by 3.5% during the first quarter. Dearborn Partners LLC now owns 6,115 shares of the company’s stock valued at $314,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 12.82% of the company’s stock.

About Sanofi

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Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. It operates through three segments: Pharmaceuticals, Vaccines, and Consumer Healthcare. The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology, and rare blood disorders; medicines for diabetes; and cardiovascular and established prescription products.

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