Stock traders buy high volume call options on Sanofi (NASDAQ:SNY)

Sanofi Inc (NASDAQ:SNY – Get Rating) saw unusual options trading activity on Friday. Stock traders bought 3,211 call options on the company. This represents a 93% increase from the typical volume of 1,666 call options.

Sanofi Institutional Trading

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new equity stake in Sanofi in the first quarter valued at approximately $26,000. Fairfield Bush & CO. bought a new equity stake in Sanofi during the first quarter for a value of approximately $26,000. Eagle Bay Advisors LLC purchased a new equity stake in Sanofi during the second quarter for approximately $28,000. Pinnacle Bancorp Inc. increased its position in Sanofi by 49.0% in the first quarter. Pinnacle Bancorp Inc. now owns 587 shares of the company worth $30,000 after acquiring 193 additional shares in the last quarter. Finally, Ahrens Investment Partners LLC bought a new position in Sanofi in the first quarter worth $31,000. 10.33% of the shares are currently held by hedge funds and other institutional investors.

Sanofi stock market performance

Shares of NASDAQ:SNY traded down $0.66 during Friday’s trading, hitting $38.47. 31,728 shares of the stock have traded, compared to its average volume of 2,093,357. The company has a quick ratio of 0.34, a current ratio of 1.29 and a leverage ratio of 0.22 . The company has a market capitalization of $97.52 billion, a price/earnings ratio of 12.76, a P/E/G ratio of 0.98 and a beta of 0.53. The company has a fifty-day moving average price of $43.81 and a two-hundred-day moving average price of $48.70. Sanofi has a 52-week low of $38.66 and a 52-week high of $58.10.

Sanofi (NASDAQ:SNY – Get Rating) last announced its results on Thursday, July 28. The company reported earnings per share (EPS) of $0.92 for the quarter, beating the consensus estimate of $0.85 by $0.07. The company posted revenue of $10.78 billion for the quarter, versus $10.32 billion expected by analysts. Sanofi posted a net margin of 16.60% and a return on equity of 25.99%. As a group, equity analysts expect Sanofi to post EPS of 4.14 for the current year.

Analyst upgrades and downgrades

Several brokerages have weighed in on SNY recently. TheStreet upgraded Sanofi’s shares from a “b-” to a “c+” rating in a Thursday, September 15 research note. StockNews.com upgraded Sanofi shares from a “buy” rating to a “strong buy” rating in a report on Sunday, August 14. JPMorgan Chase & Co. raised its price target on Sanofi shares from €105.00 ($107.14) to €115.00 ($117.35) in a Monday, August 1 report. Deutsche Bank Aktiengesellschaft lowered its price target on Sanofi shares from €90.00 ($91.84) to €85.00 ($86.73) and set a “hold” rating for the company in a report from Wednesday, September 7. Finally, Credit Suisse Group raised its price target on Sanofi shares from €105.00 ($107.14) to €110.00 ($112.24) and gave the company an “outperforming” rating. in a Friday July 22 research report. Four analysts gave the stock a hold rating, six issued a buy rating and one issued a strong buy rating for the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.38.

Sanofi Company Profile

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Sanofi, together with its subsidiaries, is engaged in the research, development, manufacturing and marketing of therapeutic solutions in the United States, Europe and internationally. It operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology and rare blood disorders; diabetes medication; and cardiovascular and established prescription products.

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