Nestle SA (OTCMKTS:NSRGY) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Nestle SA has received a consensus rating of "Hold" from seven brokerages, with two analysts recommending a sell and one a strong buy.
• The average 12-month target price for Nestle stock among analysts is $91.00.
• Recent institutional investments included significant stake increases, notably by First Horizon Advisors Inc., which raised its position by 232.8% in the first quarter.

Nestle SA (OTCMKTS:NSRGY - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $91.00.

Several research analysts recently weighed in on the stock. BNP Paribas cut shares of Nestle from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley cut shares of Nestle from an "equal weight" rating to an "underweight" rating and set a $91.00 price target on the stock. in a report on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Nestle from an "underperform" rating to a "hold" rating in a report on Friday.

Institutional Investors Weigh In On Nestle

A number of institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in Nestle during the 4th quarter valued at $26,000. Core Alternative Capital purchased a new stake in shares of Nestle in the 1st quarter worth about $29,000. First Horizon Advisors Inc. lifted its position in shares of Nestle by 232.8% in the 1st quarter. First Horizon Advisors Inc. now owns 446 shares of the company's stock worth $45,000 after purchasing an additional 312 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Nestle in the 1st quarter worth about $95,000. Finally, Sawyer & Company Inc purchased a new stake in shares of Nestle in the 1st quarter worth about $132,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

Nestle Trading Down 0.8%

Shares of Nestle stock opened at $86.98 on Friday. Nestle has a fifty-two week low of $80.11 and a fifty-two week high of $109.31. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82. The company's 50 day moving average price is $100.04 and its two-hundred day moving average price is $98.49.

Nestle 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.

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