Stock traders buy large volume of Sanofi call options (NASDAQ:SNY)

Sanofi Inc (NASDAQ:SNY – Get Rating) was the recipient of some unusual options trades on Thursday. Investors bought 6,886 call options on the stock. This represents a 1,182% increase from the typical volume of 537 call options.

Sanofi shares down 4.2%

NASDAQ: SNY fell $1.90 in Thursday’s midday session, hitting $43.30. The stock had a trading volume of 437,535 shares, compared to an average volume of 1,683,586. The company has a market capitalization of $109.59 billion, a price-earnings ratio of 15.02, a price ratio /growth earnings of 1.16 and a beta of 0.48. Sanofi has a 1-year low of $43.20 and a 1-year high of $58.10. The stock’s 50-day simple moving average is $50.42 and its two-hundred-day simple moving average is $51.99. The company has a debt ratio of 0.22, a current ratio of 1.29 and a quick ratio of 0.34.

Hedge funds weigh on Sanofi

A number of hedge funds have been buying and selling SNY shares recently. GHP Investment Advisors Inc. bought a new position in Sanofi in the first quarter worth approximately $26,000. Fairfield Bush & CO. bought a new equity stake in Sanofi during the first quarter valued at approximately $26,000. Pinnacle Bancorp Inc. increased its stake in Sanofi by 49.0% during the first quarter. Pinnacle Bancorp Inc. now owns 587 shares of the company worth $30,000 after buying 193 additional shares in the last quarter. Ahrens Investment Partners LLC acquired a new stake in Sanofi during the first quarter for a value of approximately $31,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Sanofi in the first quarter worth approximately $32,000. 12.82% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts predict growth

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Several brokerages have recently released reports on SNY. Credit Suisse Group raised its price target on Sanofi from €105.00 ($107.14) to €110.00 ($112.24) and gave the company an “outperform” rating in a report by the Friday July 22. JPMorgan Chase & Co. raised its price target on Sanofi from €105.00 ($107.14) to €115.00 ($117.35) in a Monday, August 1 report. Deutsche Bank Aktiengesellschaft raised its price target on Sanofi from €85.00 ($86.73) to €90.00 ($91.84) and gave the company a “sell” rating in a report from the Friday July 29. UBS Group downgraded Sanofi from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley raised its price target on Sanofi from €110.00 ($112.24) to €112.00 ($114.29) in a Friday, April 22 research note. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six has assigned the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.14.

About Sanofi

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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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