NESTLE S A/S (OTCMKTS:NSRGY) has earned an average rating of “Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $108.00.
A number of equities research analysts recently weighed in on the company. HSBC assumed coverage on NESTLE S A/S in a research note on Thursday, June 27th. They issued a “hold” rating on the stock. Deutsche Bank cut NESTLE S A/S from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, Zacks Investment Research upgraded NESTLE S A/S from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Friday, July 5th.
Shares of NESTLE S A/S stock opened at $107.75 on Tuesday. NESTLE S A/S has a 12-month low of $78.62 and a 12-month high of $114.87. The business’s 50 day moving average is $109.82 and its 200-day moving average is $101.35. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The stock has a market cap of $328.95 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.61 and a beta of 0.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in NSRGY. Weaver Consulting Group acquired a new stake in NESTLE S A/S in the first quarter valued at about $25,000. Ruggie Capital Group acquired a new stake in NESTLE S A/S in the second quarter valued at about $37,000. Lenox Wealth Management Inc. boosted its stake in NESTLE S A/S by 40.0% in the second quarter. Lenox Wealth Management Inc. now owns 882 shares of the company’s stock valued at $91,000 after buying an additional 252 shares in the last quarter. Abner Herrman & Brock LLC acquired a new stake in NESTLE S A/S in the second quarter valued at about $204,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in NESTLE S A/S in the second quarter valued at about $206,000. 1.32% of the stock is currently owned by institutional investors.
NESTLE S A/S Company Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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