Nestlé (OTCMKTS:NSRGY) Stock Rating Lowered by BNP Paribas

Nestlé (OTCMKTS:NSRGY - Get Free Report) was downgraded by analysts at BNP Paribas from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

NSRGY has been the topic of several other research reports. Jefferies Financial Group downgraded Nestlé from a "hold" rating to an "underperform" rating in a report on Wednesday, January 8th. Morgan Stanley downgraded Nestlé from an "equal weight" rating to an "underweight" rating and set a $91.00 price objective for the company. in a research report on Friday, April 4th. The Goldman Sachs Group raised shares of Nestlé to a "strong-buy" rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada lowered Nestlé from an "outperform" rating to a "sector perform" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Nestlé currently has a consensus rating of "Hold" and a consensus price target of $91.00.

Nestlé Stock Performance

Shares of NSRGY stock traded up $3.33 during trading hours on Tuesday, hitting $107.74. 855,608 shares of the company's stock were exchanged, compared to its average volume of 875,514. 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 has a 12-month low of $80.11 and a 12-month high of $110.46. The business's 50 day simple moving average is $99.81 and its 200-day simple moving average is $91.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in shares of Nestlé in the 4th quarter worth approximately $26,000. Flagship Wealth Advisors LLC bought a new position in Nestlé in the fourth quarter worth about $33,000. Thompson Investment Management Inc. bought a new stake in shares of Nestlé in the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Nestlé during the fourth quarter valued at approximately $45,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Nestlé in the fourth quarter worth $49,000. 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.