Danone (DANOY) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a sell rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “

A number of other equities research analysts have also recently weighed in on DANOY. Credit Suisse Group upgraded shares of Danone from an underperform rating to a hold rating in a research note on Friday, January 19th. Goldman Sachs upgraded shares of Danone from a sell rating to a neutral rating in a research note on Tuesday, February 6th. Finally, BNP Paribas cut shares of Danone to a hold rating in a research note on Sunday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $20.00.

Shares of Danone opened at $15.33 on Friday, according to Marketbeat Ratings. Danone has a fifty-two week low of $14.68 and a fifty-two week high of $17.54. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 1.07. The stock has a market cap of $47.29 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.72 and a beta of 0.76.

About Danone

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.

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