Morningstar - Novo Nordisk A/S Class B (NOVO B) Novo Nordisk Looks Fairly Valued Following Challenging Comparisons in 2Q

Report

Morningstar

Karen Andersen

EUR 100.00 For Business Accounts Only

Novo Nordisk Looks Fairly Valued Following Challenging Comparisons in 2Q

We're not making any significant changes to our Novo Nordisk valuation following second-quarter results that put the firm on track to meet our expectations for the year after adjusting for some one-time effects on comparisons in the second quarter. We slightly increased our fair value estimate to DKK 284 per share (from DKK 276) and maintained our $44.50 per ADR valuation, due to foreign exchange impacts. Negative adjustments for Victoza rebates applying to sales in previous quarters (as the cha...

09/08/2018 13 EN

Underlying

Novo Nordisk A/S Class B

Novo-Nordisk is a global healthcare company engaged in the innovation of diabetes care. Co. also provides haemophilia care, growth hormone therapy and hormone replacement therapy. The Diabetes care business segment includes research, development, manufacturing and marketing of products within the areas of insulin, GLP-1 and related delivery systems, oral antidiabetic products (OAD) and obesity. The Biopharmaceuticals business segment includes research, development, manufacturing and marketing of products within the areas of haemophilia, growth hormone therapy, hormone replacement therapy, inflammation therapy and other therapy areas.

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DK0060534915 Nasdaq Nordic Copenhagen Denmark

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Karen Andersen

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Novo Nordisk Looks Fairly Valued Following Challenging Comparisons in 2Q

Novo Nordisk AS: 1 director

Zealand Pharma (Buy, TP: DKK950.00) - Dapiglutide likely next catalyst

Novo Nordisk (Buy, TP: DKK900.00) - Accelerated Wegovy roll-out ahead

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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