Nestle SA (OTCMKTS:NSRGY) Given Consensus Rating of "Hold" by Analysts
Nestle SA (OTCMKTS:NSRGY) has received a consensus "Hold" rating from six brokerages. Analysts' recommendations include one sell, three hold, one buy, and one strong buy. The average target price is $91.00. Recent analyst actions include upgrades from Jefferies Financial Group and Berenberg Bank. Nestle's stock opened at $98.64, with a 1-year range of $80.11 to $109.31. Institutional investors have adjusted their holdings, with hedge funds owning 0.61% of the stock. Nestle operates globally in various segments, offering diverse food and beverage products.
Nestle SA (OTCMKTS:NSRGY - Get Free Report) has been given an average rating of "Hold" by the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $91.00.
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A number of equities analysts have recently weighed in on NSRGY shares. Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a research note on Friday, August 1st. Berenberg Bank upgraded shares of Nestle from a "hold" rating to a "buy" rating in a research report on Monday, November 3rd. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Nestle in a report on Monday, October 6th.
View Our Latest Stock Report on NSRGY
Nestle Trading Down 0.3%
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Shares of NSRGY stock opened at $98.64 on Friday. The business's fifty day moving average price is $96.94 and its 200 day moving average price is $97.12. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.62. Nestle has a 1-year low of $80.11 and a 1-year high of $109.31.
Institutional Trading of Nestle
A number of institutional investors have recently bought and sold shares of NSRGY. Douglass Winthrop Advisors LLC grew its holdings in Nestle by 2.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 1,011,125 shares of the company's stock valued at $102,296,000 after purchasing an additional 23,692 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in Nestle by 5.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company's stock valued at $84,889,000 after acquiring an additional 44,185 shares during the last quarter. Altrius Capital Management Inc increased its holdings in Nestle by 10.5% during the 3rd quarter. Altrius Capital Management Inc now owns 89,028 shares of the company's stock valued at $8,170,000 after acquiring an additional 8,433 shares in the last quarter. Saybrook Capital NC raised its position in Nestle by 1.1% during the third quarter. Saybrook Capital NC now owns 76,147 shares of the company's stock worth $6,988,000 after acquiring an additional 813 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Nestle by 0.9% in the first quarter. Ancora Advisors LLC now owns 75,388 shares of the company's stock valued at $7,627,000 after purchasing an additional 703 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.
About Nestle
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Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.
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