NESTLE S A/S (NSRGY) Receives Average Rating of “Buy” from Analysts

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Shares of NESTLE S A/S (OTCMKTS:NSRGY) have been given an average rating of “Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $100.00.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of NESTLE S A/S from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. JPMorgan Chase & Co. set a $100.00 price target on shares of NESTLE S A/S and gave the stock a “buy” rating in a research note on Monday, December 10th. UBS Group raised shares of NESTLE S A/S from a “neutral” rating to a “buy” rating in a research note on Thursday, January 3rd. Berenberg Bank raised shares of NESTLE S A/S from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Societe Generale assumed coverage on shares of NESTLE S A/S in a research note on Tuesday, January 29th. They issued a “buy” rating on the stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Headinvest LLC increased its stake in shares of NESTLE S A/S by 94.2% in the fourth quarter. Headinvest LLC now owns 107,947 shares of the company’s stock worth $8,739,000 after acquiring an additional 52,355 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in shares of NESTLE S A/S by 7.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,360 shares of the company’s stock worth $389,000 after acquiring an additional 319 shares during the last quarter. Osher Van de Voorde Investment Management increased its stake in shares of NESTLE S A/S by 0.3% in the fourth quarter. Osher Van de Voorde Investment Management now owns 99,368 shares of the company’s stock worth $8,045,000 after acquiring an additional 340 shares during the last quarter. BRYN MAWR TRUST Co increased its stake in shares of NESTLE S A/S by 1.3% in the fourth quarter. BRYN MAWR TRUST Co now owns 12,218 shares of the company’s stock worth $990,000 after acquiring an additional 155 shares during the last quarter. Finally, Logan Capital Management Inc. increased its stake in shares of NESTLE S A/S by 5.9% in the fourth quarter. Logan Capital Management Inc. now owns 13,249 shares of the company’s stock worth $1,073,000 after acquiring an additional 735 shares during the last quarter.

NSRGY opened at $94.57 on Tuesday. The firm has a market capitalization of $293.07 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.35 and a beta of 0.53. NESTLE S A/S has a 12-month low of $73.59 and a 12-month high of $96.20. The company has a quick ratio of 0.57, a current ratio of 0.80 and a debt-to-equity ratio of 0.34.

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

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