Unilever PLC (NYSE:UL) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Unilever, with two sell, six hold, three buy and two strong-buy ratings. The average 12-month price target is $65.55.
• Unilever’s shares opened at $62.12 and are down 0.9%, trading near their 50-day and 200-day moving averages; the stock’s one-year range is $54.75 to $74.97.
• The company reported quarterly EPS of $0.92, missing the $1.84 consensus estimate, while revenue of $14.62 billion also fell short of expectations.

Shares of Unilever PLC (NYSE:UL - Get Free Report) have earned an average rating of "Hold" from the thirteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $65.55.

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reiterated an "underperform" rating on shares of Unilever in a report on Monday, July 6th. Weiss Ratings upgraded Unilever from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. TD Cowen reaffirmed a "buy" rating on shares of Unilever in a research report on Wednesday, July 29th. Royal Bank Of Canada raised Unilever from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, April 21st. Finally, Zacks Research raised Unilever from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Unilever

Hedge funds have recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new stake in Unilever in the fourth quarter valued at approximately $25,000. Financial Life Planners bought a new position in Unilever during the 1st quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in Unilever during the 3rd quarter worth approximately $25,000. Bard Associates Inc. acquired a new position in shares of Unilever in the 4th quarter worth approximately $27,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Unilever in the 1st quarter worth approximately $29,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Down 0.9%

Shares of NYSE UL opened at $62.12 on Friday. The company has a 50 day simple moving average of $61.28 and a 200 day simple moving average of $62.20. Unilever has a 1 year low of $54.75 and a 1 year high of $74.97.

Unilever (NYSE:UL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. As a group, research analysts expect that Unilever will post 3.51 EPS for the current fiscal year.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever's corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever's business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.

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