BMO Capital Markets Trims Nielsen (NLSN) Target Price to $38.00
Nielsen (NYSE:NLSN) had its price objective lowered by equities researchers at BMO Capital Markets from $40.00 to $38.00 in a research report issued on Monday. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 14.94% from the stock’s current price.
NLSN has been the subject of several other research reports. Robert W. Baird raised shares of Nielsen from a “neutral” rating to an “outperform” rating in a research note on Monday, January 8th. BidaskClub lowered shares of Nielsen from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Morgan Stanley lowered their target price on shares of Nielsen from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Goldman Sachs Group initiated coverage on shares of Nielsen in a research note on Wednesday, November 8th. They set a “neutral” rating and a $40.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $45.00 target price on shares of Nielsen in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.59.
Nielsen (NYSE NLSN) opened at $33.06 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $12,018.91, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91. Nielsen has a 12 month low of $32.95 and a 12 month high of $45.73.
In other news, SVP Jeffrey Charlton sold 3,080 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $36.01, for a total value of $110,910.80. Following the completion of the transaction, the senior vice president now owns 10,100 shares of the company’s stock, valued at $363,701. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dwight Barns acquired 13,631 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $36.86 per share, with a total value of $502,438.66. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.
A number of institutional investors have recently modified their holdings of NLSN. Mackenzie Financial Corp lifted its stake in Nielsen by 244.3% in the fourth quarter. Mackenzie Financial Corp now owns 6,116,264 shares of the business services provider’s stock worth $222,632,000 after acquiring an additional 4,339,943 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Nielsen by 72.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,221,478 shares of the business services provider’s stock worth $372,062,000 after acquiring an additional 4,310,880 shares during the last quarter. Parnassus Investments CA lifted its stake in Nielsen by 107.5% in the fourth quarter. Parnassus Investments CA now owns 5,187,500 shares of the business services provider’s stock worth $188,825,000 after acquiring an additional 2,687,500 shares during the last quarter. Vontobel Asset Management Inc. lifted its stake in Nielsen by 51.2% in the fourth quarter. Vontobel Asset Management Inc. now owns 6,898,520 shares of the business services provider’s stock worth $257,335,000 after acquiring an additional 2,334,866 shares during the last quarter. Finally, Hamlin Capital Management LLC purchased a new position in Nielsen in the fourth quarter worth approximately $69,076,000. Institutional investors own 97.86% of the company’s stock.
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Nielsen Company Profile
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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