GRIFOLS S A/S (NASDAQ:GRFS) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of GRIFOLS S A/S (NASDAQ:GRFS) from a sell rating to a hold rating in a research report report published on Wednesday morning, BidAskClub reports.

Several other equities analysts have also issued reports on GRFS. Berenberg Bank raised shares of GRIFOLS S A/S to a buy rating in a report on Wednesday, October 30th. ValuEngine raised GRIFOLS S A/S from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Santander upgraded GRIFOLS S A/S from a hold rating to a buy rating in a report on Monday, October 28th. Finally, Zacks Investment Research raised GRIFOLS S A/S from a sell rating to a hold rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. GRIFOLS S A/S currently has an average rating of Hold and a consensus price target of $20.75.

Shares of GRFS traded down $0.12 during mid-day trading on Wednesday, hitting $22.30. The company’s stock had a trading volume of 53,976 shares, compared to its average volume of 1,163,487. The company’s 50-day moving average is $21.72 and its 200-day moving average is $20.87. GRIFOLS S A/S has a 52-week low of $17.42 and a 52-week high of $23.10. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.43 and a beta of 1.06. The company has a current ratio of 2.62, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30.

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, December 3rd will be issued a $0.169 dividend. This represents a dividend yield of 1.3%. This is a boost from GRIFOLS S A/S’s previous semi-annual dividend of $0.15. The ex-dividend date is Monday, December 2nd. GRIFOLS S A/S’s payout ratio is 29.06%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AKO Capital LLP grew its position in GRIFOLS S A/S by 5.5% in the 2nd quarter. AKO Capital LLP now owns 12,562,923 shares of the biotechnology company’s stock worth $265,078,000 after purchasing an additional 654,497 shares during the period. Pictet Asset Management Ltd. lifted its stake in GRIFOLS S A/S by 15.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 7,914,623 shares of the biotechnology company’s stock worth $159,972,000 after acquiring an additional 1,059,285 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in GRIFOLS S A/S by 5.3% during the 2nd quarter. Farallon Capital Management LLC now owns 3,080,083 shares of the biotechnology company’s stock valued at $64,990,000 after acquiring an additional 153,731 shares during the period. Millennium Management LLC boosted its holdings in GRIFOLS S A/S by 611.4% during the 3rd quarter. Millennium Management LLC now owns 2,005,152 shares of the biotechnology company’s stock valued at $40,183,000 after acquiring an additional 1,723,283 shares during the period. Finally, Morgan Stanley grew its position in GRIFOLS S A/S by 65.2% in the 2nd quarter. Morgan Stanley now owns 1,827,582 shares of the biotechnology company’s stock valued at $38,562,000 after acquiring an additional 721,604 shares in the last quarter. 18.18% of the stock is currently owned by institutional investors and hedge funds.

GRIFOLS S A/S Company Profile

Grifols, SA, a specialty pharmaceutical company, develops, manufactures, and distributes a range of biological medicines on plasma derived proteins worldwide. The company operates through five segments: Bioscience, Diagnostic, Hospital, Bio Supplies, and Others. The Bioscience segment manufactures plasma derivatives for therapeutic use; and sells and distributes end products.

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