Bearish Options Activity on Sanofi SA (ADR) After Worse Fundamentals

 Bearish Options Activity on Sanofi SA (ADR) After Worse Fundamentals

In today’s session Sanofi SA (ADR) (SNY) recorded an unusually high (5,206) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SNY decrease. With 5,206 contracts traded and 78804 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SNY161021P00038000 closed last at: $0.65 or 7.1% down. About 1.83 million shares traded hands. Sanofi SA (ADR) (NYSE:SNY) has declined 9.23% since March 15, 2016 and is downtrending. It has underperformed by 14.72% the S&P500.

Analysts await Sanofi SA (ADR) (NYSE:SNY) to report earnings on November, 3. They expect $0.87 earnings per share, down 2.25% or $0.02 from last year’s $0.89 per share. SNY’s profit will be $2.21 billion for 10.88 P/E if the $0.87 EPS becomes a reality. After $0.74 actual earnings per share reported by Sanofi SA (ADR) for the previous quarter, Wall Street now forecasts 17.57% EPS growth.

Sanofi SA (ADR) (NYSE:SNY) Ratings Coverage

Out of 7 analysts covering Sanofi-aventis Sa (NYSE:SNY), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Sanofi-aventis Sa has been the topic of 9 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The rating was downgraded by BNP Paribas on Thursday, December 10 to “Underperform”. The rating was upgraded by Berenberg to “Buy” on Thursday, September 8. As per Tuesday, May 3, the company rating was downgraded by HSBC. Morgan Stanley upgraded Sanofi SA (ADR) (NYSE:SNY) on Thursday, October 15 to “Overweight” rating. As per Friday, September 23, the company rating was initiated by Piper Jaffray. As per Tuesday, September 13, the company rating was upgraded by BNP Paribas. The firm earned “Mkt Perform” rating on Monday, November 9 by Bernstein. The rating was upgraded by Barclays Capital to “Overweight” on Thursday, May 12.

According to Zacks Investment Research, “Sanofi-Aventis is a global pharmaceutical company that contributes to enhance life by providing medicines, vaccines, and integrated healthcare solutions adapted to local needs and means primarily in Europe and the United States. The company is engaged in the research, development, manufacture and marketing of healthcare products. Its strategy is built around three priorities to reach its goals and ensure sustainable growth. The priorities are: increasing innovation in Research and Development, adapting Group structures to future challenges and seizing external growth opportunities. Sanofi-Aventis specializes in six therapeutic areas: thrombosis, cardiovascular, metabolic disorders, oncology, central nervous system (CNS) and internal medicine. The Company offers vaccines in five areas: pediatric combination vaccines, influenza vaccines, adult and adolescent booster vaccines, meningitis vaccines, and travel and endemic vaccines. Sanofi-Aventis is headquartered in Paris, France.”

Sanofi, formerly Sanofi-Aventis, is a healthcare firm engaged in the research, development, manufacture and marketing of therapeutic solutions. The company has a market cap of $96.29 billion. The Firm operates through three divisions: Pharmaceuticals, Human Vaccines and Animal Health. It has a 21.68 P/E ratio. The Pharmaceuticals segment consists of research, development, production and marketing of medicines, including those originating from Genzyme Corporation.

SNY Company Profile

Sanofi, formerly Sanofi-Aventis, incorporated on May 11, 1994, is a healthcare firm engaged in the research, development, manufacture and marketing of therapeutic solutions. The Firm has three operating divisions: Pharmaceuticals, Human Vaccines (Vaccines) and Animal Health. The Pharmaceuticals segment consists of research, development, production and marketing of medicines, including those originating from its subsidiary, Genzyme Corporation. The Company’s pharmaceuticals portfolio consists of products and a range of prescription medicines, generic medicines and consumer health products. The Pharmaceuticals segment also includes associates with activities related to pharmaceuticals. The Vaccines segment is dedicated to vaccines, including research, development, production and marketing. The Vaccines segment includes the Sanofi Pasteur MSD joint venture. The Animal Health segment includes the research, development, production and marketing activities of Merial, which offers a range of medicines and vaccines for a range of animal species. The Company’s Animal Health segment includes its subsidiaries, Merial, Inc. and Merial S.A.S. It also operates in the Other segment, which includes the effects of retained commitments in respect of divested activities.

Another recent and important Sanofi SA (ADR) (NYSE:SNY) news was published by Businessfinancenews.com which published an article titled: “Sanofi SA (ADR) and Diabetes: Things Are Not Working Out” on May 24, 2016.

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