Nestlé S.A. (OTCMKTS:NSRGY) Receives Consensus Rating of "Hold" from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY - Get Free Report) have earned a consensus rating of "Hold" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $91.00.

Several research firms have recently commented on NSRGY. BNP Paribas lowered shares of Nestlé from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley downgraded Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research note on Friday, April 4th. Jefferies Financial Group lowered shares of Nestlé from a "hold" rating to an "underperform" rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada downgraded shares of Nestlé from an "outperform" rating to a "sector perform" rating in a report on Friday, March 21st.

Nestlé Trading Up 0.1 %

Shares of OTCMKTS NSRGY traded up $0.10 during midday trading on Friday, hitting $104.41. 1,188,994 shares of the stock traded hands, compared to its average volume of 877,029. 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 one year low of $80.11 and a one year high of $110.46. The firm has a 50-day moving average of $98.92 and a two-hundred day moving average of $91.89.

Institutional Investors Weigh In On Nestlé

Several hedge funds and other institutional investors have recently made changes to their positions in NSRGY. Ameriflex Group Inc. purchased a new position in shares of Nestlé during the fourth quarter valued at approximately $26,000. Flagship Wealth Advisors LLC bought a new position in Nestlé in the fourth quarter worth approximately $33,000. Thompson Investment Management Inc. purchased a new position in Nestlé during the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Nestlé in the 4th quarter worth $45,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of Nestlé in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestlé Company Profile

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.