Deutsche Bank cut shares of NESTLE S A/S (OTCMKTS:NSRGY) from a buy rating to a hold rating in a research note published on Monday morning, The Fly reports.
A number of other equities analysts have also weighed in on NSRGY. Zacks Investment Research raised NESTLE S A/S from a hold rating to a buy rating and set a $116.00 price objective for the company in a research note on Friday, July 5th. HSBC began coverage on NESTLE S A/S in a research note on Thursday, June 27th. They issued a hold rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. NESTLE S A/S currently has an average rating of Buy and an average target price of $108.00.
OTCMKTS NSRGY opened at $109.75 on Monday. The firm has a market cap of $335.84 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.71 and a beta of 0.44. The company has a quick ratio of 0.74, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $109.48 and a 200-day moving average price of $100.78. NESTLE S A/S has a twelve month low of $78.62 and a twelve month high of $114.87.
A number of institutional investors have recently made changes to their positions in NSRGY. Rhumbline Advisers bought a new position in NESTLE S A/S during the first quarter valued at approximately $289,000. Heritage Wealth Advisors boosted its stake in NESTLE S A/S by 66.9% during the first quarter. Heritage Wealth Advisors now owns 2,495 shares of the company’s stock valued at $238,000 after buying an additional 1,000 shares during the last quarter. Holistic Financial Partners bought a new position in NESTLE S A/S during the first quarter valued at approximately $388,000. Motley Fool Wealth Management LLC boosted its stake in NESTLE S A/S by 1.9% during the first quarter. Motley Fool Wealth Management LLC now owns 123,332 shares of the company’s stock valued at $11,756,000 after buying an additional 2,327 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in NESTLE S A/S during the first quarter valued at approximately $210,000. 1.32% of the stock is owned by institutional investors.
About NESTLE S A/S
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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