Sanofi SA (NYSE:SNY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,222,604 shares, a growth of 50.5% from the February 28th total of 1,476,668 shares. Based on an average trading volume of 1,407,869 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the shares of the stock are sold short.
SNY traded up $0.22 during midday trading on Friday, reaching $41.31. 1,575,659 shares of the company’s stock were exchanged, compared to its average volume of 997,073. The stock has a market cap of $103.61 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 2.41 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 1.22 and a debt-to-equity ratio of 0.40. Sanofi has a one year low of $37.43 and a one year high of $45.62.
Sanofi (NYSE:SNY) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $9 billion during the quarter, compared to analyst estimates of $9 billion. Sanofi had a net margin of 12.20% and a return on equity of 18.18%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. Equities research analysts expect that Sanofi will post 3.1 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating on shares of Sanofi in a research note on Thursday, February 28th. TheStreet downgraded shares of Sanofi from a “b” rating to a “c+” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded shares of Sanofi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Sanofi in a research report on Monday, January 14th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sanofi has an average rating of “Hold” and a consensus price target of $51.00.
In other news, major shareholder Sanofi sold 131,115 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $412.17, for a total transaction of $54,041,669.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Sanofi by 10.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 22,467,022 shares of the company’s stock worth $975,294,000 after purchasing an additional 2,039,820 shares in the last quarter. Fisher Asset Management LLC lifted its position in Sanofi by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 16,041,052 shares of the company’s stock valued at $696,342,000 after acquiring an additional 414,369 shares in the last quarter. FMR LLC lifted its position in Sanofi by 6.2% in the 4th quarter. FMR LLC now owns 9,057,978 shares of the company’s stock valued at $393,207,000 after acquiring an additional 529,995 shares in the last quarter. Macquarie Group Ltd. lifted its position in Sanofi by 11.3% in the 3rd quarter. Macquarie Group Ltd. now owns 3,390,421 shares of the company’s stock valued at $151,450,000 after acquiring an additional 344,140 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Sanofi by 12.1% in the 4th quarter. Raymond James & Associates now owns 774,746 shares of the company’s stock valued at $33,632,000 after acquiring an additional 83,399 shares in the last quarter. 7.04% of the stock is currently owned by hedge funds and other institutional investors.
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Sanofi Company Profile
Sanofi provides therapeutic solutions. It offers Cerezyme and Cerdelga for Gaucher disease, Myozyme and Lumizyme for Pompe disease, Fabrazyme for Fabry disease, and Aldurazyme for mucopolysaccharidosis Type 1; Aubagio, an immunomodulatory; and Lemtrada, a monoclonal antibody to treat multiple sclerosis.
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