Nestlé S.A. (OTCMKTS:NSRGY) Receives $124.00 Consensus Target Price from Analysts

Nestlé S.A. (OTCMKTS:NSRGY) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $124.00.

NSRGY has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Nestlé from $152.00 to $153.00 in a research report on Thursday, June 22nd. Societe Generale upgraded shares of Nestlé from a “sell” rating to a “hold” rating in a research report on Monday. Finally, HSBC upgraded shares of Nestlé from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd.

Hedge Funds Weigh In On Nestlé

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cheviot Value Management LLC boosted its position in shares of Nestlé by 2.1% during the fourth quarter. Cheviot Value Management LLC now owns 4,311 shares of the company’s stock worth $497,000 after acquiring an additional 87 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Nestlé by 29.1% during the second quarter. First Horizon Advisors Inc. now owns 390 shares of the company’s stock valued at $47,000 after purchasing an additional 88 shares during the last quarter. Windward Capital Management Co. CA lifted its position in Nestlé by 0.3% during the first quarter. Windward Capital Management Co. CA now owns 37,808 shares of the company’s stock valued at $4,613,000 after purchasing an additional 100 shares during the last quarter. Chartwell Investment Partners LLC lifted its position in Nestlé by 0.5% during the fourth quarter. Chartwell Investment Partners LLC now owns 21,034 shares of the company’s stock valued at $2,436,000 after purchasing an additional 107 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its position in Nestlé by 1.8% during the second quarter. Patten & Patten Inc. TN now owns 7,051 shares of the company’s stock valued at $849,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 0.97% of the company’s stock.

Nestlé Stock Down 1.4 %

Shares of OTCMKTS NSRGY opened at $117.57 on Wednesday. The firm has a 50 day moving average of $119.77 and a 200 day moving average of $121.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.50 and a current ratio of 0.88. Nestlé has a 12-month low of $102.78 and a 12-month high of $131.64.

About Nestlé

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestle L'atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.