Unilever NV (UN) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Unilever NV (NYSE:UN) from a hold rating to a buy rating in a report published on Thursday morning. The brokerage currently has $66.00 target price on the stock.
According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “
A number of other research firms have also recently weighed in on UN. Royal Bank Of Canada cut Unilever NV from a sector perform rating to an underperform rating in a research report on Thursday, August 10th. BidaskClub raised Unilever NV from a hold rating to a buy rating in a report on Thursday, July 13th. UBS AG reissued a neutral rating on shares of Unilever NV in a report on Monday, July 17th. Finally, J P Morgan Chase & Co reissued a neutral rating on shares of Unilever NV in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $66.00.
Shares of Unilever NV (UN) opened at 58.52 on Thursday. The stock has a market capitalization of $164.59 billion, a P/E ratio of 23.99 and a beta of 0.89. Unilever NV has a one year low of $38.41 and a one year high of $60.90. The stock has a 50 day moving average of $59.38 and a 200-day moving average of $55.89.
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A number of hedge funds and other institutional investors have recently bought and sold shares of UN. BlackRock Inc. lifted its holdings in Unilever NV by 416,585.0% in the 1st quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock worth $455,420,000 after purchasing an additional 9,164,871 shares in the last quarter. FMR LLC lifted its holdings in Unilever NV by 297.2% in the 1st quarter. FMR LLC now owns 11,804,556 shares of the company’s stock worth $586,450,000 after purchasing an additional 8,832,563 shares in the last quarter. United States Steel & Carnegie Pension Fund purchased a new position in Unilever NV in the 1st quarter worth approximately $42,782,000. Point72 Asset Management L.P. purchased a new position in Unilever NV in the 1st quarter worth approximately $32,188,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Unilever NV by 67.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,456,768 shares of the company’s stock worth $80,515,000 after purchasing an additional 584,455 shares in the last quarter. 8.97% of the stock is currently owned by institutional investors.
About Unilever NV
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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