FY2022 EPS Estimates for Danone S.A. Lifted by Analyst (OTCMKTS:DANOY)

Danone S.A. (OTCMKTS:DANOY – Get Rating) – Analysts at Jefferies Financial Group upped their FY2022 earnings estimates for shares of Danone in a research note issued to investors on Wednesday, January 18th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will earn $0.72 per share for the year, up from their prior estimate of $0.70. The consensus estimate for Danone’s current full-year earnings is $0.69 per share.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley cut shares of Danone from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 6th. Sanford C. Bernstein cut shares of Danone from an “outperform” rating to a “market perform” rating in a research report on Monday, December 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Danone from €60.00 ($65.22) to €50.00 ($54.35) and set a “hold” rating on the stock in a research report on Thursday, January 12th. Credit Suisse Group cut shares of Danone from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 13th. Finally, Royal Bank of Canada raised shares of Danone from a “sector perform” rating to an “outperform” rating in a research report on Monday, December 19th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Danone presently has an average rating of “Hold” and a consensus price target of $56.60.

Danone Price Performance

Shares of OTCMKTS:DANOY opened at $11.02 on Friday. The company’s 50-day moving average price is $10.56 and its two-hundred day moving average price is $10.36. Danone has a one year low of $9.05 and a one year high of $13.19.

Danone Company Profile

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Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, beverages, and drinks; plant-based products; and ice creams, frozen desserts, and cheese products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, Danone, Prostokvashino, Light & Free, Oikos, Danissimo, YoPRO, International Delight, SToK, Silk, and So Delicious, as well as under the licensed brand Dunkin' Donuts.