Nielsen Hldg Reaches New 1-Year High at $49.61 (NLSN)
Nielsen Hldg (NASDAQ:NLSN)’s share price hit a new 52-week high during trading on Friday , American Banking News.com reports. The company traded as high as $49.61 and last traded at $49.51, with a volume of 935,200 shares. The stock had previously closed at $49.24.
A number of analysts have recently weighed in on NLSN shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Nielsen Hldg in a research note on Thursday, June 19th. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, analysts at Barclays initiated coverage on shares of Nielsen Hldg in a research note on Wednesday, May 14th. They set an “overweight” rating and a $55.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Nielsen Hldg from $52.00 to $56.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Nielsen Hldg has a consensus rating of “Buy” and an average price target of $44.66.
The stock has a 50-day moving average of $47.68 and a 200-day moving average of $45.72. The company has a market cap of $18.760 billion and a price-to-earnings ratio of 24.74.
Nielsen Hldg (NASDAQ:NLSN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts expect that Nielsen Hldg will post $2.51 EPS for the current fiscal year.
In other Nielsen Hldg news, EVP Itzhak Fisher sold 26,835 shares of Nielsen Hldg stock on the open market in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $48.43, for a total transaction of $1,299,619.05. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Nielsen Holdings NV is a Netherlands-based company engaged in information and measurement services. The Company, together with its subsidiaries, delivers media and marketing information, and analytics on a global and local basis.
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