Nestlé S.A. to Post FY2022 Earnings of $5.11 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:NSRGY)

Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) – Investment analysts at Jefferies Financial Group lifted their FY2022 earnings per share (EPS) estimates for shares of Nestlé in a report released on Tuesday, May 17th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will earn $5.11 per share for the year, up from their previous forecast of $4.89. Jefferies Financial Group also issued estimates for Nestlé’s FY2024 earnings at $5.96 EPS and FY2025 earnings at $6.42 EPS.

Several other research firms also recently weighed in on NSRGY. Royal Bank of Canada upped their price target on Nestlé from CHF 96 to CHF 98 and gave the stock a “sector perform” rating in a research note on Friday, April 22nd. Morgan Stanley dropped their price target on Nestlé from CHF 140 to CHF 135 in a research note on Wednesday, February 23rd. Zacks Investment Research upgraded Nestlé from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Exane BNP Paribas upgraded Nestlé from a “neutral” rating to an “outperform” rating and upped their price target for the stock from CHF 132 to CHF 135 in a research note on Monday, March 14th. Finally, UBS Group upped their price target on Nestlé from €50.00 ($52.08) to €51.00 ($53.13) in a research note on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.80.

NSRGY stock opened at $119.61 on Thursday. Nestlé has a 1-year low of $118.02 and a 1-year high of $141.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.68 and a current ratio of 0.98. The business has a 50 day simple moving average of $127.77 and a two-hundred day simple moving average of $130.45.

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its holdings in Nestlé by 97.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 186 shares of the company’s stock valued at $31,000 after buying an additional 92 shares during the period. Vectors Research Management LLC purchased a new stake in Nestlé during the 4th quarter valued at $63,000. Meeder Asset Management Inc. purchased a new stake in Nestlé during the 1st quarter valued at $156,000. Hancock Whitney Corp purchased a new stake in Nestlé during the 4th quarter valued at $209,000. Finally, Enterprise Financial Services Corp raised its holdings in Nestlé by 3,950.0% during the 4th quarter. Enterprise Financial Services Corp now owns 1,539 shares of the company’s stock valued at $215,000 after buying an additional 1,501 shares during the period. Institutional investors own 0.98% of the company’s stock.

Nestlé Company Profile (Get Rating)

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; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

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