Unilever (UN) Upgraded at Zacks Investment Research

Unilever (NYSE:UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “

A number of other analysts have also recently weighed in on UN. Investec raised Unilever from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. ABN Amro raised Unilever from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase reaffirmed a “neutral” rating on shares of Unilever in a research report on Tuesday, February 27th. Goldman Sachs raised Unilever from a “sell” rating to a “neutral” rating in a research report on Sunday, March 18th. Finally, Argus raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Unilever has a consensus rating of “Hold” and an average target price of $66.00.

Shares of Unilever traded up $0.11, reaching $56.66, during trading hours on Tuesday, according to Marketbeat.com. The stock had a trading volume of 85,899 shares, compared to its average volume of 1,116,014. Unilever has a fifty-two week low of $51.56 and a fifty-two week high of $61.62. The stock has a market cap of $96.62 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.84 and a beta of 0.83.

Several institutional investors and hedge funds have recently bought and sold shares of UN. SeaCrest Wealth Management LLC purchased a new position in Unilever in the 4th quarter valued at approximately $113,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Unilever in the 4th quarter valued at approximately $120,000. Loomis Sayles & Co. L P increased its stake in Unilever by 248.4% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,191 shares of the company’s stock valued at $180,000 after purchasing an additional 2,275 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in Unilever in the 4th quarter valued at approximately $182,000. Finally, Arthur M. Cohen & Associates LLC purchased a new position in Unilever in the 4th quarter valued at approximately $186,000. 8.54% of the stock is owned by institutional investors and hedge funds.

About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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