Zacks Investment Research upgraded shares of Novozymes A/S – (NASDAQ:NVZMY) from a hold rating to a buy rating in a report published on Saturday. Zacks Investment Research currently has $48.00 price target on the stock.

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. “

A number of other brokerages also recently issued reports on NVZMY. Deutsche Bank AG assumed coverage on Novozymes A/S – in a research note on Friday, October 7th. They issued a hold rating for the company. Berenberg Bank assumed coverage on Novozymes A/S – in a research note on Tuesday, September 27th. They issued a sell rating for the company.

Novozymes A/S – (NASDAQ:NVZMY) opened at 42.59 on Friday. The company has a 50 day moving average price of $43.60 and a 200-day moving average price of $46.02. The company has a market cap of $12.79 billion and a PE ratio of 29.78. Novozymes A/S – has a 12 month low of $37.98 and a 12 month high of $49.55.

Novozymes A/S – Company Profile

Novozymes A/S is a Denmark-based biotechnology company engaged in the production and sale of industrial enzymes, microorganisms and biopharmaceutical ingredients. In June 2013, the Company restructured its sales areas within those segments. The Household Care (old Household Care Enzymes) area comprises cleaning solutions, laundry, dishwashing and microorganism sales for cleaning solutions.

5 Day Chart for NASDAQ:NVZMY

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