Nestlé S.A. (OTCMKTS:NSRGY) Given Average Recommendation of "Hold" by Brokerages
Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) has been assigned a consensus rating of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has…
From the Equity Insider archive. This article dates from May 19, 2022 and is preserved as first published.
Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $110.80.
A number of equities analysts have commented on NSRGY shares. Exane BNP Paribas raised shares of Nestlé from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from CHF 132 to CHF 135 in a research report on Monday, March 14th. UBS Group lifted their price objective on shares of Nestlé from €50.00 ($52.08) to €51.00 ($53.13) in a research report on Tuesday, March 29th. Zacks Investment Research raised shares of Nestlé from a “sell” rating to a “hold” rating in a research report on Thursday, March 31st. Royal Bank of Canada lifted their price objective on shares of Nestlé from CHF 96 to CHF 98 and gave the stock a “sector perform” rating in a research report on Friday, April 22nd. Finally, Morgan Stanley reduced their price objective on shares of Nestlé from CHF 140 to CHF 135 in a research report on Wednesday, February 23rd.
Zacks Investment Research raised shares of Nestlé from a “sell” rating to a “hold” rating in a research report on Thursday, March 31st.
OTCMKTS:NSRGY opened at $119.61 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.68. The firm has a fifty day simple moving average of $127.77 and a 200 day simple moving average of $130.45. Nestlé has a 1-year low of $118.02 and a 1-year high of $141.95.
Several institutional investors and hedge funds have recently bought and sold shares of NSRGY. First Horizon Advisors Inc. lifted its holdings in shares of Nestlé by 97.9% during the third quarter. First Horizon Advisors Inc. now owns 186 shares of the company’s stock worth $31,000 after buying an additional 92 shares in the last quarter. Haverford Trust Co raised its stake in Nestlé by 9.2% in the third quarter. Haverford Trust Co now owns 33,466 shares of the company’s stock valued at $4,023,000 after purchasing an additional 2,823 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Nestlé in the third quarter valued at about $2,344,000. Cheviot Value Management LLC raised its stake in Nestlé by 2.4% in the third quarter. Cheviot Value Management LLC now owns 4,920 shares of the company’s stock valued at $591,000 after purchasing an additional 115 shares in the last quarter. Finally, Madison Asset Management LLC raised its stake in Nestlé by 7.1% in the third quarter. Madison Asset Management LLC now owns 91,031 shares of the company’s stock valued at $10,943,000 after purchasing an additional 6,069 shares in the last quarter. 0.98% of the stock is owned by institutional investors.
About Nestlé (Get Rating)
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.
