Nestlé S.A. (OTCMKTS:NSRGY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Nestlé S.A. (OTCMKTS:NSRGY) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a strong buy rating to the company.

NSRGY has been the subject of a number of research reports. The Goldman Sachs Group upgraded shares of Nestlé to a “strong-buy” rating in a research report on Tuesday, December 17th. BNP Paribas raised shares of Nestlé from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised shares of Nestlé from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. Royal Bank of Canada lowered Nestlé from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Jefferies Financial Group downgraded Nestlé from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th.

Nestlé Stock Performance

Shares of NSRGY opened at $103.55 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63. Nestlé has a 52-week low of $80.11 and a 52-week high of $110.46. The company has a 50-day simple moving average of $91.70 and a 200-day simple moving average of $91.68.

Institutional Investors Weigh In On Nestlé

Several hedge funds have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new position in Nestlé during the fourth quarter worth about $26,000. Thompson Investment Management Inc. acquired a new stake in shares of Nestlé in the fourth quarter worth approximately $33,000. Flagship Wealth Advisors LLC purchased a new stake in Nestlé in the fourth quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in Nestlé during the third quarter worth approximately $36,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Nestlé during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

About Nestlé

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.