What Do Analysts Say About GlaxoSmithKline plc (GSK)

GlaxoSmithKline PLC (NYSE:GSK) opened at 40.83 on Wednesday.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 9.7 Percent.

Several other equities analysts have also weighed in on the company. Renaissance Technologies LLC grew its position in shares of GlaxoSmithKline PLC by 112.1% in the second quarter. About 1.00 million shares traded. The Cullen Capital Management Llc holds 15,740 shares with $679,000 value, down from 58,370 last quarter. Bank of America Corp DE now owns 6,849,632 shares of the pharmaceutical company's stock valued at $288,780,000 after acquiring an additional 934,928 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in GlaxoSmithKline PLC by 0.4% in the 2nd quarter. First National Bank of Omaha now owns 19,177 shares of the pharmaceutical company's stock valued at $827,000 after acquiring an additional 57 shares in the last quarter.

GlaxoSmithKline plc (NYSE:GSK) soared 6.1% year-to-date. Finally, Federated Investors Inc. According to these analysts, the Low Revenue Estimate for GlaxoSmithKline plc is 10.28 Billion and the High Revenue Estimate is 10.7 Billion. Federated Investors Inc. PA now owns 4,511,155 shares of the pharmaceutical company's stock valued at $194,521,000 after acquiring an additional 833,501 shares in the last quarter. Institutional investors and hedge funds own 9.28% of the company's stock. Given that liquidity is king in short-term, GSK is a stock with 2.44 billion shares outstanding that normally trades 0.28% of its float. Given that its average daily volume over the 30 days has been 3.11 million shares a day, this signifies a pretty significant change over the norm. The stock touched 52-week High of $44.53 on 05/31/17 and 52-week Low of $37.20 on 12/08/16.

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GlaxoSmithKline PLC has 52 week low of 1,444.00GBX and a 52 week high of 1,724.50GBX with a P/E ratio of 38.75 and has a market cap of 0 GBX. The firm's 50-day moving average price is $40.35 and its 200 day moving average price is $41.57.

Analysts await GlaxoSmithKline plc (ADR) (NYSE:GSK) to report earnings on October, 25. A month ago, they told us to expect earnings of US$0.7 per share while three months ago their EPS consensus estimate was US$0.7. GlaxoSmithKline PLC had a net margin of 6.48% and a return on equity of 114.93%. The company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.52 billion. The pharmaceutical company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Crombie Real Estate Investment Trust had 11 analyst reports since August 7, 2015 according to SRatingsIntel. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.81%. After $-1.04 actual EPS reported by Egalet Corp for the previous quarter, Wall Street now forecasts -55.77% EPS growth. GlaxoSmithKline PLC's dividend payout ratio (DPR) is presently 198.00%. The firm has "Buy" rating by Argus Research given on Friday, August 12. Citigroup Inc. cut shares of GlaxoSmithKline PLC from a "buy" rating to a "neutral" rating in a report on Wednesday, July 5th. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) has "Neutral" rating given on Monday, October 12 by JP Morgan. The stock of GlaxoSmithKline plc (ADR) (NYSE:GSK) earned "Buy" rating by Bryan Garnier & Cie on Wednesday, January 27. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of "Hold" and an average price target of $44.67. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/10/18/zacks-investment-research-upgrades-glaxosmithkline-plc-gsk-to-buy.html. If you are accessing this piece of content on another website, it was stolen and reposted in violation of USA & global copyright law.

GlaxoSmithKline is one of the world's leading research based pharmaceutical and healthcare companies and is committed to improving the quality of human life by enabling people to do more, feel better and live longer.

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