Unilever PLC (NYSE:UL) Receives Average Recommendation of “Hold” from Analysts

Unilever PLC (NYSE:UL) has been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $65.55.

A number of research analysts recently commented on the company. TD Cowen reiterated a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Finally, Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new position in shares of Unilever in the 4th quarter worth approximately $25,000. Bard Associates Inc. acquired a new stake in Unilever in the 4th quarter valued at approximately $27,000. Palisade Asset Management LLC acquired a new stake in Unilever in the 3rd quarter valued at approximately $25,000. Financial Life Planners purchased a new stake in Unilever in the first quarter valued at approximately $25,000. Finally, Whipplewood Advisors LLC acquired a new position in Unilever during the first quarter worth $29,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $62.01 on Wednesday. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97. The firm has a 50-day moving average price of $63.05 and a 200 day moving average price of $61.09.

Unilever (NYSE:UL) last issued its earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. On average, sell-side analysts anticipate that Unilever will post 3.53 earnings per share for the current year.

About Unilever

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.