Nestle SA (NSRGY) Given Average Rating of “” by Analysts

Nestle SA (NASDAQ:NSRGY) has been given an average broker rating score of 2.20 (Buy) from the five analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Nestle SA’s rating score has declined by 46.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price objective of $100.60 for the company, according to Zacks. Zacks has also assigned Nestle SA an industry rank of 188 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on NSRGY. Sanford C. Bernstein reiterated a “hold” rating on shares of Nestle SA in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Nestle SA from a “hold” rating to a “strong-buy” rating and set a $101.00 target price on the stock in a research report on Saturday, July 1st. Finally, Berenberg Bank lowered shares of Nestle SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th.

Hedge funds have recently modified their holdings of the stock. Patten Group Inc. raised its stake in shares of Nestle SA by 0.7% in the first quarter. Patten Group Inc. now owns 1,470 shares of the company’s stock valued at $110,000 after buying an additional 10 shares during the period. MAI Capital Management raised its stake in shares of Nestle SA by 0.3% in the first quarter. MAI Capital Management now owns 8,724 shares of the company’s stock valued at $671,000 after buying an additional 24 shares during the period. Wilbanks Smith & Thomas Asset Management LLC raised its stake in shares of Nestle SA by 1.0% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,341 shares of the company’s stock valued at $488,000 after buying an additional 60 shares during the period. Intellectus Partners LLC raised its stake in shares of Nestle SA by 0.9% in the first quarter. Intellectus Partners LLC now owns 8,510 shares of the company’s stock valued at $653,000 after buying an additional 72 shares during the period. Finally, Leavell Investment Management Inc. raised its stake in shares of Nestle SA by 3.2% in the second quarter. Leavell Investment Management Inc. now owns 3,260 shares of the company’s stock valued at $284,000 after buying an additional 100 shares during the period.

Shares of Nestle SA (NASDAQ NSRGY) opened at 84.13 on Friday. The firm has a market capitalization of $260.63 billion and a P/E ratio of 27.16. The stock’s 50 day moving average price is $86.15 and its 200-day moving average price is $80.12. Nestle SA has a 12-month low of $66.08 and a 12-month high of $89.40.

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Nestle SA Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.

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