Nestle SA (OTCMKTS:NSRGY) Receives $91.00 Consensus Target Price from Analysts

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 assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $91.00.

NSRGY has been the topic of several research analyst reports. BNP Paribas cut shares of Nestle from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Jefferies Financial Group upgraded shares of Nestle from an "underperform" rating to a "hold" rating in a report on Friday.

Hedge Funds Weigh In On Nestle

A number of large investors have recently modified their holdings of the business. Studio Investment Management LLC boosted its stake in shares of Nestle by 2.9% during the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock worth $326,000 after buying an additional 112 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Nestle by 5.2% during the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company's stock worth $343,000 after buying an additional 170 shares during the last quarter. Verity Asset Management Inc. boosted its stake in shares of Nestle by 4.2% during the 2nd quarter. Verity Asset Management Inc. now owns 4,747 shares of the company's stock worth $471,000 after buying an additional 190 shares during the last quarter. North Star Asset Management Inc. grew its position in shares of Nestle by 4.4% in the 4th quarter. North Star Asset Management Inc. now owns 5,429 shares of the company's stock valued at $444,000 after acquiring an additional 229 shares during the period. Finally, Ancora Advisors LLC grew its position in shares of Nestle by 0.3% in the 4th quarter. Ancora Advisors LLC now owns 74,685 shares of the company's stock valued at $6,102,000 after acquiring an additional 239 shares during the period. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Nestle Trading Up 1.2%

Nestle stock traded up $1.07 during trading hours on Friday, hitting $89.17. 478,490 shares of the stock were exchanged, compared to its average volume of 687,607. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.82 and a quick ratio of 0.51. Nestle has a 12 month low of $80.11 and a 12 month high of $109.31. The business's 50-day moving average is $99.22 and its two-hundred day moving average is $98.83.

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.