Is Novo Nordisk A/S (NYSE:NVO) a Stock To Hold For The Long Haul?

Shaers of Novo Nordisk A/S (NYSE:NVO) have been recommended as a long term growth pick according to Beta Research.  With the firm’s stock price currently trading around $48.83, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 20.10% earnings per share growth over the past 5 years and 11.00% revenue growth over that same time frame. 

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Novo Nordisk A/S (NYSE:NVO)’s stock was 36.17%.  Over the last week of the month, it was -0.47%, 13.93% over the last quarter, and  35.56% for the past six months. 

Over the past 50 days, Novo Nordisk A/S’s stock is -1.35% off of the high and 18.84% removed from the low.  Their 52-Week High and Low are as follows: -1.35% (High), 58.08%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $50.20 on the equity.   Analysts have a consensus recommendation of 3.00 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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