Natura &Co (NYSE:NTCO) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Natura &Co (NYSE:NTCOGet Rating) from a sell rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Natura &Co is based in Sao Paulo, Brazil. “

Separately, JPMorgan Chase & Co. raised shares of Natura &Co from an underweight rating to a neutral rating and set a $10.00 target price on the stock in a research note on Wednesday, March 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Natura &Co presently has a consensus rating of Hold and an average price target of $18.67.

Shares of NTCO opened at $7.13 on Wednesday. The company’s fifty day moving average is $8.87 and its two-hundred day moving average is $9.07. Natura &Co has a fifty-two week low of $5.85 and a fifty-two week high of $23.73. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.43.

Several hedge funds have recently modified their holdings of NTCO. Citadel Advisors LLC purchased a new position in shares of Natura &Co in the 2nd quarter valued at $262,000. BlackRock Inc. increased its stake in Natura &Co by 2.5% during the 3rd quarter. BlackRock Inc. now owns 705,055 shares of the company’s stock worth $11,739,000 after buying an additional 17,489 shares during the period. Barington Capital Group L.P. increased its stake in Natura &Co by 214.0% during the 3rd quarter. Barington Capital Group L.P. now owns 271,542 shares of the company’s stock worth $4,521,000 after buying an additional 185,063 shares during the period. Trexquant Investment LP purchased a new stake in Natura &Co during the 3rd quarter worth $175,000. Finally, Neuberger Berman Group LLC increased its stake in Natura &Co by 102.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 101,395 shares of the company’s stock worth $1,682,000 after buying an additional 51,276 shares during the period. 3.90% of the stock is currently owned by institutional investors and hedge funds.

About Natura &Co (Get Rating)

Natura &Co Holding SA develops, manufactures, distributes, and sells cosmetics, fragrances, and personal hygiene products. The company's products portfolio includes body care, face care, makeup, soaps, hair care, deodorants, oils, and other products, as well as deodorants, men's grooming, and sun protection products.

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