NESTLE S A/S (NSRGY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NESTLE S A/S (OTCMKTS:NSRGY) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company.

A number of analysts have recently issued reports on NSRGY shares. Zacks Investment Research downgraded shares of NESTLE S A/S from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, September 4th. Morgan Stanley reaffirmed a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, October 16th. Jefferies Financial Group raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, UBS Group raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Friday, October 19th.

Shares of NSRGY stock opened at $84.60 on Wednesday. NESTLE S A/S has a one year low of $73.59 and a one year high of $87.85. The stock has a market cap of $262.64 billion, a P/E ratio of 24.81, a PEG ratio of 2.30 and a beta of 0.46. The company has a current ratio of 0.80, a quick ratio of 0.57 and a debt-to-equity ratio of 0.34.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Griffin Asset Management Inc. boosted its holdings in shares of NESTLE S A/S by 6.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 26,483 shares of the company’s stock valued at $2,203,000 after acquiring an additional 1,503 shares during the last quarter. NorthCoast Asset Management LLC purchased a new position in shares of NESTLE S A/S in the third quarter worth approximately $2,985,000. Osher Van de Voorde Investment Management boosted its holdings in shares of NESTLE S A/S by 0.9% in the third quarter. Osher Van de Voorde Investment Management now owns 99,028 shares of the company’s stock worth $8,239,000 after buying an additional 921 shares during the last quarter. Resources Management Corp CT ADV purchased a new position in shares of NESTLE S A/S in the third quarter worth approximately $355,000. Finally, Henry James International Management Inc. purchased a new position in shares of NESTLE S A/S in the third quarter worth approximately $457,000. 1.35% of the stock is currently owned by hedge funds and other 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; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

Further Reading: Growth Stocks

Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

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