Nestlé S.A. (OTCMKTS:NSRGY) Receives $91.00 Average PT from Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been given an average rating of “Hold” by the eleven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $91.00.

NSRGY has been the topic of a number of recent analyst reports. Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective on the stock. in a research note on Friday, April 4th. Jefferies Financial Group lowered shares of Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st.

Institutional Trading of Nestlé

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Nestlé by 136.4% in the first quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock worth $418,000 after purchasing an additional 2,382 shares during the period. Douglas Lane & Associates LLC increased its position in shares of Nestlé by 11.4% during the first quarter. Douglas Lane & Associates LLC now owns 983,326 shares of the company’s stock worth $99,294,000 after acquiring an additional 100,767 shares in the last quarter. Rhumbline Advisers boosted its stake in Nestlé by 6.7% in the 1st quarter. Rhumbline Advisers now owns 63,064 shares of the company’s stock worth $6,380,000 after purchasing an additional 3,964 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Nestlé in the fourth quarter valued at about $26,000. Finally, North Star Asset Management Inc. grew its holdings in shares of Nestlé by 4.4% during the fourth quarter. North Star Asset Management Inc. now owns 5,429 shares of the company’s stock worth $444,000 after buying an additional 229 shares in the last quarter. 0.61% of the stock is owned by institutional investors.

Nestlé Stock Performance

OTCMKTS:NSRGY opened at $104.31 on Friday. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46. The firm has a 50 day moving average of $98.53 and a 200-day moving average of $91.81. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

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.