Danone (DANOY) Lowered to Sell at Zacks Investment Research

Danone (OTCMKTS:DANOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, April 11th.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

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DANOY has been the topic of several other research reports. BNP Paribas downgraded Danone to a “hold” rating in a research note on Sunday, April 8th. Credit Suisse Group raised Danone from an “underperform” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Goldman Sachs raised Danone from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.00.

Shares of DANOY opened at $16.51 on Wednesday. Danone has a 52 week low of $13.29 and a 52 week high of $17.54. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.77 and a current ratio of 0.93.

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About Danone

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.

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