Nestle SA (OTCMKTS:NSRGY) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Nestle SA has received a consensus rating of "Hold" from analysts, with one sell recommendation, five hold, and one strong buy out of seven ratings firms.
• The average one-year target price for Nestle's stock is $91.00, with current trading at approximately $92.65.
• Recent upgrades include a move by Jefferies Financial Group, which raised Nestle's rating from "underperform" to "hold" on August 1st.

Shares of Nestle SA (OTCMKTS:NSRGY - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation 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 upgraded Nestle from an "underperform" rating to a "hold" rating in a report on Friday, August 1st.

Nestle Price Performance

OTCMKTS NSRGY opened at $92.65 on Tuesday. Nestle has a twelve month low of $80.11 and a twelve month high of $109.31. The stock has a fifty day simple moving average of $94.79 and a 200 day simple moving average of $99.46. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.51 and a current ratio of 0.82.

Institutional Trading of Nestle

A number of large investors have recently bought and sold shares of the business. Studio Investment Management LLC lifted its position in Nestle by 2.9% in the 4th quarter. Studio Investment Management LLC now owns 3,990 shares of the company's stock valued at $326,000 after acquiring an additional 112 shares in the last quarter. Weik Capital Management lifted its position in Nestle by 0.3% in the 2nd quarter. Weik Capital Management now owns 51,889 shares of the company's stock valued at $5,154,000 after acquiring an additional 160 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Nestle by 37.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 613 shares of the company's stock valued at $61,000 after acquiring an additional 167 shares in the last quarter. Diversified Trust Co lifted its position in Nestle by 5.2% in the 2nd quarter. Diversified Trust Co now owns 3,465 shares of the company's stock valued at $343,000 after acquiring an additional 170 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in Nestle by 4.2% in the 2nd quarter. Verity Asset Management Inc. now owns 4,747 shares of the company's stock valued at $471,000 after acquiring an additional 190 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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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