Analysts Set Nestlé S.A. (OTCMKTS:NSRGY) Target Price at $91.00

Nestlé S.A. (OTCMKTS:NSRGY) has earned an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $91.00.

Several research firms recently commented on NSRGY. BNP Paribas cut Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Royal Bank of Canada cut Nestlé from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st. Finally, Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price objective on the stock. in a research report on Friday, April 4th.

Nestlé Stock Up 0.1%

Shares of Nestlé stock opened at $101.17 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.85 and a debt-to-equity ratio of 1.63. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a 50-day simple moving average of $103.32 and a two-hundred day simple moving average of $92.88.

Hedge Funds Weigh In On Nestlé

Institutional investors and hedge funds have recently made changes to their positions in the business. Studio Investment Management LLC increased its position in Nestlé by 2.9% in the fourth quarter. Studio Investment Management LLC now owns 3,990 shares of the company’s stock worth $326,000 after buying an additional 112 shares in the last quarter. North Star Asset Management Inc. increased its position in Nestlé by 4.4% in 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. Ancora Advisors LLC increased its position in Nestlé by 0.3% in the fourth quarter. Ancora Advisors LLC now owns 74,685 shares of the company’s stock worth $6,102,000 after buying an additional 239 shares in the last quarter. Core Alternative Capital purchased a new stake in Nestlé in the first quarter worth about $29,000. Finally, Ameriflex Group Inc. purchased a new stake in Nestlé in the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.