Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a strong buy recommendation on the company.
A number of equities research analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. Royal Bank of Canada cut Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday. BNP Paribas raised Nestlé from a "strong sell" rating to a "strong-buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, Morgan Stanley upgraded shares of Nestlé from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, November 27th.
View Our Latest Analysis on Nestlé
Hedge Funds Weigh In On Nestlé
Several large investors have recently modified their holdings of NSRGY. Ameriflex Group Inc. bought a new stake in Nestlé during the 4th quarter valued at $26,000. Thompson Investment Management Inc. bought a new stake in shares of Nestlé during the 4th quarter valued at $33,000. Flagship Wealth Advisors LLC purchased a new stake in Nestlé during the 4th quarter worth about $33,000. Brooklyn Investment Group bought a new position in Nestlé in the 3rd quarter worth about $36,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Nestlé during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 0.61% of the company's stock.
Nestlé Stock Performance
NSRGY traded up $0.04 during mid-day trading on Wednesday, reaching $103.55. 3,217,523 shares of the stock were exchanged, compared to its average volume of 973,479. The company has a 50 day moving average price of $91.70 and a two-hundred day moving average price of $91.88. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.85 and a quick ratio of 0.52. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46.
About Nestlé
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Get Free ReportNestlé 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.
Further Reading
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