NESTLE S A/S (NSRGY) Raised to Buy at UBS Group

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UBS Group upgraded shares of NESTLE S A/S (OTCMKTS:NSRGY) from a hold rating to a buy rating in a research report sent to investors on Friday, October 19th, The Fly reports.

NSRGY has been the subject of several other research reports. Morgan Stanley reaffirmed a buy rating on shares of NESTLE S A/S in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of NESTLE S A/S from a hold rating to a sell rating in a research report on Friday, October 5th. Jefferies Financial Group raised shares of NESTLE S A/S from a hold rating to a buy rating in a research report on Tuesday, October 2nd. BNP Paribas raised shares of NESTLE S A/S from an underperform rating to a neutral rating in a research report on Tuesday, September 4th. Finally, JPMorgan Chase & Co. reissued a buy rating on shares of NESTLE S A/S in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $93.00.

OTCMKTS NSRGY traded up $0.50 during trading hours on Friday, reaching $84.87. The company’s stock had a trading volume of 499,890 shares, compared to its average volume of 528,791. The firm has a market cap of $263.51 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. NESTLE S A/S has a 52 week low of $73.59 and a 52 week high of $87.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.80 and a quick ratio of 0.57.

A number of large investors have recently modified their holdings of NSRGY. South State Corp bought a new stake in shares of NESTLE S A/S during the 3rd quarter worth $209,000. White Lighthouse Investment Management Inc. bought a new stake in NESTLE S A/S in the 2nd quarter valued at about $205,000. Colony Group LLC purchased a new position in NESTLE S A/S during the 2nd quarter valued at about $207,000. Spectrum Asset Management Inc. NB CA purchased a new position in NESTLE S A/S during the 2nd quarter valued at about $264,000. Finally, Marshwinds Advisory Co. purchased a new position in shares of NESTLE S A/S during the second quarter worth about $286,000. Institutional investors and hedge funds own 1.37% of the company’s stock.

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; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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Analyst Recommendations for NESTLE S A/S (OTCMKTS:NSRGY)

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