Zacks Investment Research Lowers NOVOZYMES A/S/S (OTCMKTS:NVZMY) to Sell

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Zacks Investment Research lowered shares of NOVOZYMES A/S/S (OTCMKTS:NVZMY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, 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. lowered NOVOZYMES A/S/S from a neutral rating to an underweight rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $54.00.

Shares of NVZMY stock opened at $46.57 on Thursday. The firm has a market cap of $13.83 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.14 and a beta of 0.76. NOVOZYMES A/S/S has a 52 week low of $40.38 and a 52 week high of $55.84.

About NOVOZYMES A/S/S

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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