JPMorgan Chase & Co. Reiterates “Buy” Rating for NESTLE S A/S (NSRGY)

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JPMorgan Chase & Co. reiterated their buy rating on shares of NESTLE S A/S (OTCMKTS:NSRGY) in a research report report published on Tuesday morning.

NSRGY has been the topic of several other research reports. Zacks Investment Research upgraded NESTLE S A/S from a sell rating to a hold rating in a research note on Saturday, August 18th. ValuEngine upgraded NESTLE S A/S from a sell rating to a hold rating in a research note on Thursday, July 5th. Finally, UBS Group restated a neutral rating on shares of NESTLE S A/S in a research note on Wednesday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $90.00.

OTCMKTS NSRGY opened at $82.94 on Tuesday. The company has a market capitalization of $256.16 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.99 and a beta of 0.57. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 0.25. NESTLE S A/S has a 52 week low of $73.59 and a 52 week high of $87.85.

Large investors have recently bought and sold shares of the business. White Lighthouse Investment Management Inc. acquired a new position in shares of NESTLE S A/S during the 2nd quarter worth approximately $205,000. Colony Group LLC acquired a new position in shares of NESTLE S A/S during the 2nd quarter worth approximately $207,000. Private Capital Group LLC increased its position in shares of NESTLE S A/S by 468.1% during the 1st quarter. Private Capital Group LLC now owns 3,193 shares of the company’s stock worth $252,000 after purchasing an additional 2,631 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new position in shares of NESTLE S A/S during the 2nd quarter worth approximately $264,000. Finally, Marshwinds Advisory Co. acquired a new position in shares of NESTLE S A/S during the 2nd quarter worth approximately $286,000. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

NESTLE S A/S Company Profile

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; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

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