Analysts Set Unilever PLC (NYSE:UL) Price Target at $65.55

Shares of Unilever PLC (NYSE:UL) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.55.

A number of research firms have commented on UL. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Finally, Zacks Research lowered Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th.

Unilever Price Performance

NYSE:UL opened at $61.28 on Tuesday. The business’s 50-day moving average is $59.32 and its two-hundred day moving average is $62.27. Unilever has a 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.93). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $29.49 billion. As a group, equities research analysts predict that Unilever will post 3.51 EPS for the current year.

Institutional Investors Weigh In On Unilever

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC boosted its holdings in shares of Unilever by 3.9% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after purchasing an additional 151 shares during the period. CoreCap Advisors LLC raised its position in shares of Unilever by 19.4% in the fourth quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock valued at $65,000 after purchasing an additional 162 shares during the period. Blake Schutter Theil Wealth Advisors LLC lifted its position in Unilever by 3.2% during the 1st quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after acquiring an additional 180 shares during the last quarter. Invested Advisors boosted its stake in Unilever by 4.8% during the 4th quarter. Invested Advisors now owns 3,987 shares of the company’s stock valued at $261,000 after purchasing an additional 183 shares during the period. Finally, Cohen Investment Advisors LLC grew its stake in shares of Unilever by 2.9% in the first quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock worth $385,000 after acquiring an additional 192 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

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.