Yousif Capital Management LLC Buys 6,789 Shares of Sanofi $SNY

Key Points

• Yousif Capital Management LLC increased its stake in Sanofi by 11.3%, acquiring an additional 6,789 shares during the 2nd quarter, bringing its total holdings to 66,980 shares valued at approximately $3.24 million.
• Multiple analysts have upgraded Sanofi's stock ratings recently, with Deutsche Bank and JPMorgan Chase raising their ratings from "hold" to "buy" and from "neutral" to "overweight," respectively.
• Sanofi reported $0.90 earnings per share for the last quarter, which was below the analyst consensus estimate of $0.96, although revenue of $11.34 billion exceeded expectations.

Yousif Capital Management LLC boosted its stake in Sanofi (NASDAQ:SNY - Free Report) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,980 shares of the company's stock after acquiring an additional 6,789 shares during the quarter. Yousif Capital Management LLC's holdings in Sanofi were worth $3,236,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SNY. Ameritas Advisory Services LLC bought a new stake in Sanofi in the 2nd quarter valued at $28,000. Accent Capital Management LLC bought a new stake in Sanofi in the 1st quarter valued at $29,000. Eastern Bank lifted its position in Sanofi by 121.0% in the 1st quarter. Eastern Bank now owns 548 shares of the company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Banque Transatlantique SA bought a new stake in Sanofi in the 1st quarter valued at $33,000. Finally, Golden State Wealth Management LLC lifted its position in Sanofi by 619.3% in the 1st quarter. Golden State Wealth Management LLC now owns 633 shares of the company's stock valued at $35,000 after acquiring an additional 545 shares in the last quarter. 14.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SNY shares. Deutsche Bank Aktiengesellschaft raised shares of Sanofi from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. raised shares of Sanofi from a "neutral" rating to an "overweight" rating in a research report on Friday, August 8th. Barclays reissued an "overweight" rating on shares of Sanofi in a research report on Wednesday, July 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of Sanofi in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Sanofi from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $62.67.

Sanofi Stock Up 2.2%

Shares of SNY stock opened at $50.02 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 1.27. The firm's 50-day moving average is $48.42 and its 200-day moving average is $49.65. The stock has a market cap of $122.82 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.19 and a beta of 0.51. Sanofi has a 52-week low of $44.62 and a 52-week high of $60.12.

Sanofi (NASDAQ:SNY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). The firm had revenue of $11.34 billion during the quarter, compared to the consensus estimate of $9.91 billion. Sanofi had a net margin of 21.47% and a return on equity of 16.86%. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share. Sell-side analysts predict that Sanofi will post 4.36 EPS for the current year.

Sanofi Company Profile

Sanofi, a healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, Canada, and internationally. It operates through Pharmaceuticals, Vaccines, and Consumer Healthcare segments. The company provides specialty care, such as DUPIXENT, neurology and immunology, rare diseases, oncology, and rare blood disorders; medicines for diabetes and cardiovascular diseases; and established prescription products.

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