Nestlé (OTCMKTS:NSRGY) Downgraded by Morgan Stanley to “Underweight”

Nestlé (OTCMKTS:NSRGY) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Friday, Marketbeat reports. They presently have a $91.00 target price on the stock. Morgan Stanley’s price objective would indicate a potential downside of 9.55% from the company’s previous close.

A number of other research firms have also recently issued reports on NSRGY. BNP Paribas upgraded shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Royal Bank of Canada cut shares of Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 21st. Jefferies Financial Group cut shares of Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.00.

Nestlé Stock Performance

OTCMKTS NSRGY opened at $100.61 on Friday. The business’s fifty day moving average is $95.71 and its two-hundred day moving average is $91.64. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Studio Investment Management LLC raised its position in shares of Nestlé by 2.9% in the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock valued at $326,000 after acquiring an additional 112 shares during the period. North Star Asset Management Inc. grew its stake in Nestlé by 4.4% in the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock valued at $444,000 after purchasing an additional 229 shares in the last quarter. Ancora Advisors LLC lifted its stake in Nestlé by 0.3% in the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock valued at $6,102,000 after purchasing an additional 239 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Nestlé during the 4th quarter worth about $26,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Nestlé during the fourth quarter worth approximately $33,000. 0.61% of the stock is currently owned by institutional investors.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.