Unilever (UN) Upgraded by Zacks Investment Research to “Buy”
Unilever (NYSE:UN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $51.00 price objective on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.38% from the company’s previous close.
According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research report on Thursday, September 1st. Citigroup Inc. upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Royal Bank Of Canada cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. RBC Capital Markets cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Unilever in a research report on Monday, August 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Unilever presently has an average rating of “Hold” and a consensus price target of $41.00.
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Shares of Unilever (NYSE:UN) traded up 0.09% during mid-day trading on Tuesday, hitting $45.42. The company’s stock had a trading volume of 173,008 shares. The company has a 50-day moving average price of $46.14 and a 200-day moving average price of $45.26. Unilever has a 1-year low of $37.92 and a 1-year high of $48.00. The stock has a market cap of $128.94 billion, a PE ratio of 23.40 and a beta of 0.76.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were paid a dividend of $0.3531 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.11%. This is an increase from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, August 3rd.
Several institutional investors have recently bought and sold shares of UN. BlackRock Japan Co. Ltd purchased a new stake in shares of Unilever during the second quarter valued at about $104,000. Capital International Inc. CA purchased a new stake in shares of Unilever during the second quarter valued at about $122,000. Ledyard National Bank increased its stake in shares of Unilever by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock valued at $166,000 after buying an additional 1,665 shares during the period. First Interstate Bank increased its stake in shares of Unilever by 26.1% in the second quarter. First Interstate Bank now owns 3,625 shares of the company’s stock valued at $170,000 after buying an additional 750 shares during the period. Finally, Physicians Financial Services Inc. increased its stake in shares of Unilever by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock valued at $175,000 after buying an additional 440 shares during the period.
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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