Nestlé S.A. (OTCMKTS:NSRGY) Given Average Recommendation of “Hold” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $119.50.

NSRGY has been the topic of a number of research analyst reports. Morgan Stanley upgraded Nestlé from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 6th. HSBC downgraded Nestlé from a “buy” rating to a “hold” rating in a research report on Thursday, December 8th. Jefferies Financial Group upgraded Nestlé from an “underperform” rating to a “hold” rating in a research report on Wednesday, January 18th. Royal Bank of Canada downgraded Nestlé from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $100.00 to $95.00 in a research report on Monday, March 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nestlé from a “hold” rating to a “buy” rating in a research report on Thursday, January 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bristol John W & Co. Inc. NY bought a new position in Nestlé in the third quarter worth approximately $102,480,000. Fisher Asset Management LLC grew its stake in Nestlé by 2.2% in the third quarter. Fisher Asset Management LLC now owns 5,258,768 shares of the company’s stock worth $572,120,000 after purchasing an additional 115,691 shares in the last quarter. First Manhattan Co. grew its stake in Nestlé by 2.1% in the fourth quarter. First Manhattan Co. now owns 3,664,328 shares of the company’s stock worth $422,645,000 after purchasing an additional 74,588 shares in the last quarter. Captrust Financial Advisors grew its stake in Nestlé by 63.9% in the second quarter. Captrust Financial Advisors now owns 172,459 shares of the company’s stock worth $20,073,000 after purchasing an additional 67,264 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its stake in Nestlé by 6.8% in the fourth quarter. Douglas Lane & Associates LLC now owns 757,702 shares of the company’s stock worth $87,743,000 after purchasing an additional 48,367 shares in the last quarter. Institutional investors own 0.97% of the company’s stock.

Nestlé Stock Up 0.5 %

Shares of Nestlé stock opened at $117.19 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.46 and a current ratio of 0.80. Nestlé has a 52 week low of $102.78 and a 52 week high of $133.86. The stock’s 50-day simple moving average is $118.74 and its 200-day simple moving average is $114.87.

Nestlé Company Profile

(Get Rating)

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care.