Shares of Nestle SA (NASDAQ:NSRGY) have received an average broker rating score of 2.20 (Buy) from the five analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Nestle SA’s rating score has declined by 22.2% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus target price of $100.60 for the company, according to Zacks. Zacks has also assigned Nestle SA an industry rank of 192 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Nestle SA in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Nestle SA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Finally, Berenberg Bank cut shares of Nestle SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th.
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Shares of Nestle SA (NASDAQ:NSRGY) traded up 0.335% during midday trading on Monday, hitting $85.415. 358,856 shares of the stock traded hands. The company has a market cap of $264.62 billion and a price-to-earnings ratio of 27.482. The stock has a 50-day moving average of $84.75 and a 200-day moving average of $81.75. Nestle SA has a 52-week low of $66.08 and a 52-week high of $89.40.
Several large investors have recently bought and sold shares of the company. Patten Group Inc. grew its stake in shares of Nestle SA by 0.7% during the 1st quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock worth $110,000 after purchasing an additional 10 shares during the period. MAI Capital Management grew its stake in shares of Nestle SA by 0.3% during the 1st quarter. MAI Capital Management now owns 8,724 shares of the company’s stock worth $671,000 after purchasing an additional 24 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Nestle SA by 1.0% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,341 shares of the company’s stock worth $488,000 after purchasing an additional 60 shares during the period. Leavell Investment Management Inc. grew its stake in Nestle SA by 3.2% in the 2nd quarter. Leavell Investment Management Inc. now owns 3,260 shares of the company’s stock valued at $284,000 after acquiring an additional 100 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Nestle SA by 1.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 10,241 shares of the company’s stock valued at $847,000 after acquiring an additional 111 shares during the last quarter.
Nestle SA Company Profile
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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