Nestlé (OTCMKTS:NSRGY) Downgraded by Royal Bank of Canada to “Sector Perform”

Royal Bank of Canada lowered shares of Nestlé (OTCMKTS:NSRGY) from an outperform rating to a sector perform rating in a research report sent to investors on Friday, Marketbeat Ratings reports.

Several other research firms have also commented on NSRGY. BNP Paribas raised Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Morgan Stanley upgraded Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Jefferies Financial Group cut Nestlé from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Nestlé Price Performance

Nestlé stock opened at $103.55 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.85. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46. The firm’s 50-day moving average is $91.70 and its 200-day moving average is $91.88.

Institutional Investors Weigh In On Nestlé

Institutional investors have recently bought and sold shares of the stock. Ameriflex Group Inc. bought a new stake in Nestlé during the fourth quarter worth approximately $26,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the fourth quarter valued at $33,000. Flagship Wealth Advisors LLC bought a new position in Nestlé during the fourth quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in Nestlé during the third quarter worth about $36,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Nestlé in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Company Profile

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.