Brokers Offer Predictions for Nestlé S.A.’s FY2022 Earnings (OTCMKTS:NSRGY)

Nestlé S.A. (OTCMKTS:NSRGYGet Rating) – Investment analysts at Jefferies Financial Group upped their FY2022 EPS estimates for Nestlé in a research report issued to clients and investors on Wednesday, January 18th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will earn $5.25 per share for the year, up from their previous forecast of $4.78. Jefferies Financial Group currently has a “Hold” rating on the stock. The consensus estimate for Nestlé’s current full-year earnings is $5.19 per share.

Several other brokerages also recently commented on NSRGY. Societe Generale downgraded Nestlé from a “buy” rating to a “sell” rating in a report on Thursday, October 27th. Credit Suisse Group cut their target price on shares of Nestlé from CHF 126 to CHF 115 and set a “neutral” rating on the stock in a research note on Friday, October 21st. Berenberg Bank decreased their price objective on shares of Nestlé from CHF 130 to CHF 126 and set a “buy” rating for the company in a report on Tuesday, October 25th. Morgan Stanley upgraded Nestlé from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Nestlé from a “hold” rating to a “buy” rating in a research note on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.14.

Nestlé Stock Down 0.4 %

Shares of NSRGY opened at $121.94 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. Nestlé has a twelve month low of $102.78 and a twelve month high of $133.86. The stock’s fifty day simple moving average is $118.41 and its 200 day simple moving average is $115.61.

Institutional Investors Weigh In On Nestlé

A number of institutional investors have recently added to or reduced their stakes in the company. Hemenway Trust Co LLC boosted its stake in Nestlé by 0.6% during the second quarter. Hemenway Trust Co LLC now owns 233,029 shares of the company’s stock valued at $27,122,000 after buying an additional 1,352 shares in the last quarter. James Investment Research Inc. grew its stake in shares of Nestlé by 55.3% in the 2nd quarter. James Investment Research Inc. now owns 28,319 shares of the company’s stock worth $3,296,000 after purchasing an additional 10,084 shares during the last quarter. Hendley & Co. Inc. increased its holdings in shares of Nestlé by 0.3% in the third quarter. Hendley & Co. Inc. now owns 44,731 shares of the company’s stock valued at $4,813,000 after buying an additional 140 shares in the last quarter. Sky Investment Group LLC increased its holdings in shares of Nestlé by 0.4% in the third quarter. Sky Investment Group LLC now owns 80,287 shares of the company’s stock valued at $8,640,000 after buying an additional 300 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. increased its holdings in shares of Nestlé by 94.7% in the second quarter. Financial Gravity Asset Management Inc. now owns 18,859 shares of the company’s stock valued at $13,581,000 after buying an additional 9,172 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors and hedge funds.

Nestlé Company Profile

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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.

Further Reading

Earnings History and Estimates for Nestlé (OTCMKTS:NSRGY)

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