Nestlé S.A. (OTCMKTS:NSRGY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.00.

A number of research firms have recently issued reports on NSRGY. Morgan Stanley lowered Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 target price for the company. in a report on Friday, April 4th. BNP Paribas lowered Nestlé from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st.

Hedge Funds Weigh In On Nestlé

Hedge funds have recently modified their holdings of the stock. Core Alternative Capital acquired a new position in shares of Nestlé in the first quarter worth $29,000. Ameriflex Group Inc. acquired a new position in shares of Nestlé in the fourth quarter worth $26,000. Flagship Wealth Advisors LLC acquired a new position in shares of Nestlé in the fourth quarter worth $33,000. Thompson Investment Management Inc. acquired a new position in shares of Nestlé in the fourth quarter worth $33,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Nestlé by 232.8% in the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock worth $45,000 after acquiring an additional 312 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Nestlé Stock Performance

Shares of OTCMKTS:NSRGY opened at $105.48 on Monday. The stock has a fifty day moving average of $104.76 and a 200-day moving average of $94.60. Nestlé has a one year low of $80.11 and a one year high of $109.68. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

About Nestlé

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.