Unilever PLC (NYSE:UL) Stock Has Average Target Price of $65.55 According to Brokerages

Key Points

• Analyst sentiment is neutral: Twelve brokerages give Unilever an average “Hold” rating, with a consensus one-year price target of $65.55.
• Shares traded at $59.73, below the average analyst target and near their 50-day moving average of $63.15; the stock’s 12-month range is $54.75 to $74.97.
• Quarterly results missed expectations: Unilever reported $0.59 in EPS versus the $1.84 consensus estimate and revenue of $14.62 billion versus expectations of $14.80 billion.

Unilever PLC (NYSE:UL - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $65.55.

UL has been the topic of a number of research reports. TD Cowen restated a "buy" rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Unilever in a research note on Monday, July 6th. Weiss Ratings upgraded Unilever from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. Finally, Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th.

Institutional Trading of Unilever

Several hedge funds have recently made changes to their positions in UL. Bard Associates Inc. acquired a new position in shares of Unilever in the fourth quarter worth $27,000. Financial Life Planners acquired a new stake in shares of Unilever in the 1st quarter valued at $25,000. Whipplewood Advisors LLC acquired a new position in shares of Unilever during the first quarter worth $29,000. Hilton Head Capital Partners LLC acquired a new stake in Unilever in the fourth quarter valued at $39,000. Finally, Essential Partners LLC lifted its holdings in Unilever by 125.5% during the 1st quarter. Essential Partners LLC now owns 602 shares of the company's stock worth $34,000 after buying an additional 335 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Up 0.3%

NYSE UL opened at $59.73 on Friday. The stock has a fifty day simple moving average of $63.15 and a 200-day simple moving average of $60.41. Unilever has a twelve month low of $54.75 and a twelve month high of $74.97.

Unilever (NYSE:UL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to analysts' expectations of $14.80 billion. As a group, equities research analysts expect that Unilever will post 3.54 earnings per share for the current year.

About Unilever

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann's and Magnum, although product availability varies by market.

The company's products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.

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