Zacks Investment Research upgraded shares of NOVOZYMES A/S/S (OTCMKTS:NVZMY) from a sell rating to a hold rating in a research note released on Tuesday morning.
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. raised shares of NOVOZYMES A/S/S from an underweight rating to a neutral rating in a research report on Tuesday, October 30th.
NOVOZYMES A/S/S (OTCMKTS:NVZMY) last posted its quarterly earnings results on Wednesday, October 24th. The biotechnology company reported $0.43 earnings per share (EPS) for the quarter. NOVOZYMES A/S/S had a net margin of 22.20% and a return on equity of 29.84%. The firm had revenue of $570.42 million during the quarter. Analysts expect that NOVOZYMES A/S/S will post 1.71 EPS for the current fiscal year.
NOVOZYMES A/S/S Company Profile
Novozymes A/S produces and sells industrial enzymes and microorganisms worldwide. It operates in three divisions: Household Care & Technical, Agriculture & Bioenergy, and Food & Beverages. The company offers enzymes for use in household care products, such as laundry detergents, hand and automatic dishwashing soaps, and professional cleaning products.
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