#3 - Unilever (NYSE:UL)
Unilever (NYSE: UL) is down 10% in the last five years, and that includes the 7% gain in UL stock in 2023. What makes that performance concerning for investors is that Unilever is a consumer staples stock. These stocks have outperformed the market in the last five years as consumers have prioritized the essentials no matter what else was happening in the economy.
Looking towards the latter part of 2023, Unilever presents investors with a mixed bag. Earnings are expected to rise by around 7.5% in the next 12 months. That may not be fully priced into UL stock. But analysts are presenting investors with a range of options.
Fourteen out of 24 analysts issuing a rating in the last three months give UL stock a Hold rating or lower. However, of the remaining 10 analysts, nine give the stock a Strong Buy rating. If you have conviction about the stock, a dividend yield of 3.68% may be enough to keep you interested, but otherwise, you can take this opportunity to sell.
About Unilever
Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.
Read More - Current Price
- $57.16
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 1 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $61.75 (8.0% Upside)
