Zacks: Nestle SA (NSRGY) Receives Consensus Rating of “” from Analysts
Shares of Nestle SA (NASDAQ:NSRGY) have received an average broker rating score of 2.20 (Buy) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Nestle SA’s rating score has declined by 46.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $100.60 for the company, according to Zacks. Zacks has also assigned Nestle SA an industry rank of 161 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on NSRGY shares. Berenberg Bank lowered Nestle SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Zacks Investment Research lowered Nestle SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of Nestle SA in a research report on Saturday, June 17th.
Shares of Nestle SA (NASDAQ:NSRGY) remained flat at $84.08 during midday trading on Friday. The stock had a trading volume of 500,701 shares. The firm has a market cap of $261.67 billion and a P/E ratio of 27.10. Nestle SA has a 12-month low of $66.08 and a 12-month high of $89.40. The firm’s 50 day moving average price is $85.42 and its 200-day moving average price is $80.91.
Hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Nestle SA by 8.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,496,099 shares of the company’s stock worth $115,050,000 after buying an additional 122,383 shares during the last quarter. Beach Investment Counsel Inc. PA raised its stake in shares of Nestle SA by 4.1% in the first quarter. Beach Investment Counsel Inc. PA now owns 295,949 shares of the company’s stock worth $22,722,000 after buying an additional 11,552 shares during the last quarter. Staley Capital Advisers Inc. raised its stake in shares of Nestle SA by 585.0% in the first quarter. Staley Capital Advisers Inc. now owns 95,210 shares of the company’s stock worth $7,322,000 after buying an additional 81,310 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Nestle SA during the first quarter worth approximately $220,000. Finally, Trust Co. of Vermont raised its stake in shares of Nestle SA by 14.1% in the first quarter. Trust Co. of Vermont now owns 50,075 shares of the company’s stock worth $3,845,000 after buying an additional 6,186 shares during the last quarter.
Nestle SA Company Profile
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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