NOVOZYMES A/S/S’s (NVZMY) “Hold” Rating Reiterated at Zacks Investment Research

NOVOZYMES A/S/S (OTCMKTS:NVZMY)‘s stock had its “hold” rating restated by Zacks Investment Research in a note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Novozymes A/S is primarily engaged in the development, production, and distribution of enzymes. Its business consists of two segments, enzyme business and bio business. The Company’s enzyme business segment offers detergent enzymes that are used in laundry and dishwashing, technical enzymes used in the transformation of starch into different kinds of sugars and have application in leather, textile, and forest product industries, food enzymes used in production of bread, wine, juice, beer, noodles, alcohol, and pasta and feed enzymes used in animal feed. Its bio business segment offers microorganisms that are used in industrial and municipal wastewater treatment, as well as in the cleaning of surfaces such as carpet, concrete, drain lines, and septic tanks in industrial and household applications. It also has application in the Biopharmaceutical ingredients used in pharmaceutical industry. Novozymes A/S is headquartered in Bagsvaerd, Denmark. “

Separately, JPMorgan Chase & Co. cut NOVOZYMES A/S/S from a “neutral” rating to an “underweight” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. NOVOZYMES A/S/S currently has a consensus rating of “Hold” and a consensus price target of $54.00.

NVZMY opened at $46.53 on Friday. NOVOZYMES A/S/S has a 12-month low of $40.38 and a 12-month high of $55.84. The firm has a market capitalization of $13.82 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.11 and a beta of 0.76. The company has a 50 day simple moving average of $47.32.

NOVOZYMES A/S/S Company Profile

Novozymes A/S produces and sells industrial enzymes and microorganisms worldwide. The company offers agriculture solutions, including crop protection, and animal health and nutrition solutions; fermentation, lignecellulosic hydrolysis, liquefaction, process enhancement, and saccharifaction solutions for bioenergy; baking, beverages, dairy, and protein ingredients for the food and beverage industry; and laundry, dishwashing, hand washing, and cleaning solutions for the household care industry.

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