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

Unilever PLC (NYSE:UL) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $65.55.

UL has been the subject of several analyst reports. TD Cowen restated a “buy” rating on shares of Unilever in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th.

Institutional Trading of Unilever

Several large investors have recently bought and sold shares of UL. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Unilever during the fourth quarter valued at about $268,704,000. Lazard Asset Management LLC increased its holdings in shares of Unilever by 674.2% during the first quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after acquiring an additional 2,433,625 shares in the last quarter. Norges Bank bought a new position in shares of Unilever in the 4th quarter worth $132,027,000. Federated Hermes Inc. lifted its holdings in shares of Unilever by 944.7% in the 4th quarter. Federated Hermes Inc. now owns 1,417,108 shares of the company’s stock worth $92,679,000 after purchasing an additional 1,281,465 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Unilever during the 1st quarter valued at $67,107,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.6%

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’s 50 day moving average is $63.05 and its 200-day moving average is $61.18.

Unilever (NYSE:UL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. As a group, research analysts anticipate that Unilever will post 3.53 earnings per share for the current fiscal year.

Unilever Company Profile

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.