Deutsche Bank Aktiengesellschaft Upgrades Nestlé (OTCMKTS:NSRGY) to “Buy”

Nestlé (OTCMKTS:NSRGY – Get Rating) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other brokerages have also weighed in on NSRGY. Exane BNP Paribas lowered Nestlé from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 14th. Morgan Stanley upgraded Nestlé from an “equal weight” rating to an “overweight” rating in a report on Friday, January 6th. BNP Paribas downgraded Nestlé from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 14th. Berenberg Bank decreased their price objective on Nestlé from CHF 130 to CHF 126 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Finally, Credit Suisse Group decreased their target price on Nestlé from CHF 126 to CHF 115 and set a “neutral” rating for the company in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.14.

Nestlé Stock Performance

Shares of OTCMKTS NSRGY opened at $123.19 on Thursday. Nestlé has a 12 month low of $102.78 and a 12 month high of $133.87. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $116.93 and its 200-day simple moving average is $115.37.

Institutional Investors Weigh In On Nestlé

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSRGY. First Horizon Advisors Inc. acquired a new position in shares of Nestlé in the second quarter valued at approximately $27,000. Front Row Advisors LLC increased its holdings in shares of Nestlé by 53.1% in the third quarter. Front Row Advisors LLC now owns 450 shares of the company’s stock valued at $48,000 after purchasing an additional 156 shares during the period. Castleview Partners LLC increased its holdings in shares of Nestlé by 24.2% in the second quarter. Castleview Partners LLC now owns 1,192 shares of the company’s stock valued at $208,000 after purchasing an additional 232 shares during the period. Grassi Investment Management acquired a new position in shares of Nestlé in the fourth quarter valued at approximately $213,000. Finally, Moloney Securities Asset Management LLC increased its holdings in shares of Nestlé by 5.3% in the third quarter. Moloney Securities Asset Management LLC now owns 1,978 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 0.97% of the company’s stock.

About Nestlé

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Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.