Danone (OTCMKTS:DANOY) Stock Rating Lowered by Zacks Investment Research

Danone (OTCMKTS:DANOY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

A number of other research firms also recently weighed in on DANOY. HSBC assumed coverage on Danone in a research note on Friday, June 28th. They issued a “hold” rating on the stock. Credit Suisse Group downgraded Danone from an “outperform” rating to a “neutral” rating in a research note on Monday, July 15th. Finally, BNP Paribas raised Danone from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Danone presently has a consensus rating of “Hold” and an average target price of $20.00.

Shares of DANOY stock traded down $0.26 during trading hours on Tuesday, reaching $17.27. The company had a trading volume of 206,820 shares, compared to its average volume of 494,214. The company has a 50 day moving average of $17.67 and a 200 day moving average of $16.61. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.95 and a quick ratio of 0.79. The firm has a market cap of $59.64 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 2.58 and a beta of 0.73. Danone has a 1-year low of $13.57 and a 1-year high of $18.20.

Danone Company Profile

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.

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