NESTLE S A/S (OTCMKTS:NSRGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
According to Zacks, “Nestle is the world’s #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. Among its more than 8,500 products are Alpo dog food, Baby Ruth and Butterfinger candy bars, Carnation evaporated and condensed milk, Coffee-Mate coffee creamer, Kix breakfast cereals, Nestle Quik chocolate drink mix, Stouffer’s frozen dinners, and Toll House morsels. “
NSRGY has been the topic of several other research reports. JPMorgan Chase & Co. set a $100.00 target price on shares of NESTLE S A/S and gave the stock a “buy” rating in a report on Monday, December 10th. UBS Group upgraded shares of NESTLE S A/S from a “neutral” rating to a “buy” rating in a research report on Thursday, January 3rd. Morgan Stanley reiterated a “buy” rating on shares of NESTLE S A/S in a research report on Tuesday, October 16th. Societe Generale started coverage on shares of NESTLE S A/S in a research report on Tuesday, January 29th. They issued a “buy” rating on the stock. Finally, Berenberg Bank upgraded shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. NESTLE S A/S has an average rating of “Buy” and an average price target of $96.50.
Shares of NSRGY stock opened at $86.11 on Tuesday. NESTLE S A/S has a 12-month low of $73.59 and a 12-month high of $87.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.57 and a current ratio of 0.80. The company has a market capitalization of $268.27 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.16 and a beta of 0.53.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concentric Wealth Management LLC bought a new stake in shares of NESTLE S A/S during the 3rd quarter valued at $208,000. South State Corp bought a new stake in shares of NESTLE S A/S during the 3rd quarter valued at $209,000. Moloney Securities Asset Management LLC bought a new stake in shares of NESTLE S A/S during the 4th quarter valued at $216,000. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of NESTLE S A/S during the 4th quarter valued at $243,000. Finally, Virginia National Bank bought a new stake in shares of NESTLE S A/S during the 3rd quarter valued at $253,000. Institutional investors and hedge funds own 1.37% of the company’s stock.
NESTLE S A/S Company Profile
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; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.
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