Nestle SA (OTCMKTS:NSRGY) Receives Average Recommendation of “Hold” from Analysts

Shares of Nestle SA (OTCMKTS:NSRGY) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $91.00.

NSRGY has been the subject of a number of recent research reports. Morgan Stanley cut shares of Nestle from an “equal weight” rating to an “underweight” rating and set a $91.00 target price for the company. in a research report on Friday, April 4th. BNP Paribas cut shares of Nestle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada cut shares of Nestle from an “outperform” rating to a “sector perform” rating in a research report on Friday, March 21st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NSRGY. Core Alternative Capital acquired a new position in Nestle during the first quarter worth about $29,000. Ameriflex Group Inc. acquired a new position in Nestle during the fourth quarter worth about $26,000. Flagship Wealth Advisors LLC acquired a new position in Nestle during the fourth quarter worth about $33,000. First Horizon Advisors Inc. raised its stake in Nestle by 232.8% during the first quarter. First Horizon Advisors Inc. now owns 446 shares of the company’s stock worth $45,000 after acquiring an additional 312 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Nestle during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestle Trading Up 0.2%

Shares of Nestle stock opened at $99.08 on Friday. The business has a fifty day simple moving average of $104.67 and a two-hundred day simple moving average of $96.14. Nestle has a 1 year low of $80.11 and a 1 year high of $109.31. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.41.

About Nestle

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.