Nestle SA (OTCMKTS:NSRGY) Given Average Rating of "Hold" by Brokerages

Key Points

• Nestle SA has received a consensus rating of "Hold" from six analysts, with one sell recommendation, four holds, and one strong buy.
• The average 12-month target price for Nestle's stock is $91.00, reflecting mixed sentiments among analysts about the company's performance.
• Recent institutional trading activity includes significant increases in holdings from multiple hedge funds, indicating ongoing interest despite the stock's performance fluctuations.

Shares of Nestle SA (OTCMKTS:NSRGY - Get Free Report) have earned an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $91.00.

Separately, Jefferies Financial Group raised shares of Nestle from an "underperform" rating to a "hold" rating in a report on Friday, August 1st.

Institutional Trading of Nestle

Institutional investors have recently bought and sold shares of the business. Core Alternative Capital bought a new stake in Nestle in the 1st quarter valued at $29,000. Ameriflex Group Inc. bought a new stake in Nestle during the 4th quarter worth about $26,000. First Horizon Advisors Inc. lifted its position in Nestle by 232.8% during the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock worth $45,000 after buying an additional 312 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Nestle during the 1st quarter worth about $95,000. Finally, Sawyer & Company Inc bought a new stake in Nestle during the 1st quarter worth about $132,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Nestle Stock Performance

Nestle stock traded down $0.31 during mid-day trading on Friday, hitting $90.37. 701,360 shares of the company's stock were exchanged, compared to its average volume of 658,557. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 1.41. Nestle has a 1-year low of $80.11 and a 1-year high of $109.31. The stock has a 50 day moving average of $92.00 and a two-hundred day moving average of $99.17.

About Nestle

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.