Nestlé (NSRGY) Stock Forecast & Price Target

$86.87 -0.25 (-0.29%)

(As of 11/20/2024 ET)

Nestlé - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 10 Analyst Ratings

Sell
2

Hold
7

Buy
1

Based on 10 Wall Street analysts who have issued ratings for Nestlé in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 10 analysts, 2 have given a sell rating, 7 have given a hold rating, and 1 has given a buy rating for NSRGY.

Consensus Price Target

N/A

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NSRGY Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)	3 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$124.00
Forecasted Upside	N/A	N/A	N/A	9.50% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

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NSRGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NSRGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nestlé Stock vs. The Competition

Type	Nestlé	Consumer Staples Companies	S&P 500
Consensus Rating Score	1.90	2.47	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	N/A	40.55% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent NSRGY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating
10/18/2024	Royal Bank of Canada 4 of 5 stars	J. Edwardes. Jone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
10/3/2024	Citigroup 3 of 5 stars	C. Besnard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
9/16/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight
9/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Equal Weight
7/31/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Hold
7/26/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Darbyshire Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
7/26/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/26/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Delmas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
5/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
1/9/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
9/11/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
8/2/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:15 PM ET.

Should I Buy Nestlé Stock? NSRGY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Nestlé pros and cons to contact@marketbeat.com.

Nestlé
Bull Case

Here are some ways that investors could benefit from investing in Nestlé:

Nestlé's stock price is currently at $102.79, which may present a buying opportunity for investors looking to enter at a lower price point.
Nestlé's diversified business segments, including Zone North America, Zone Europe, and Nespresso, provide stability and potential growth opportunities across different markets.
Recent modifications in institutional holdings, such as increased positions by large investors like Front Row Advisors LLC and GAMMA Investing LLC, indicate confidence in Nestlé's future performance.
Nestlé's focus on innovation and sustainability, seen through its product development and environmental initiatives, could attract socially responsible investors seeking long-term value.
Despite recent analyst downgrades, Nestlé's historical track record of resilience and adaptability in the face of market challenges suggests the potential for recovery and growth.

Nestlé
Bear Case

Investors should be bearish about investing in Nestlé for these reasons:

Multiple recent analyst downgrades, including from Morgan Stanley and UBS Group, may signal underlying concerns about Nestlé's current performance and future prospects.
The company's debt-to-equity ratio of 1.26 could pose risks in a volatile market environment, potentially impacting Nestlé's financial flexibility and ability to pursue growth opportunities.
While Nestlé has a strong global presence, economic uncertainties in key regions like Latin America and Greater China could impact the company's revenue and profitability in the short to medium term.
Competitive pressures in the food and beverage industry, coupled with changing consumer preferences and regulatory challenges, may pose challenges for Nestlé in maintaining market share and profitability.
The recent shift in analyst sentiment towards Nestlé, with a higher number of hold and sell ratings, suggests a cautious outlook on the company's ability to deliver strong returns in the near future.

NSRGY Forecast - Frequently Asked Questions

: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nestlé in the last year. There are currently 2 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" NSRGY shares.
: According to analysts, Nestlé's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Nestlé's stock had 2 downgrades and 1 upgrade by analysts.
: Nestlé has been rated by research analysts at Barclays, Citigroup, Morgan Stanley, and Royal Bank of Canada in the past 90 days.
: Analysts like Nestlé less than other "consumer staples" companies. The consensus rating for Nestlé is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how NSRGY compares to other companies.

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This page (OTCMKTS:NSRGY) was last updated on 11/21/2024 by MarketBeat.com Staff

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Nestlé (NSRGY) Stock Forecast & Price Target