Nestle SA (NASDAQ:NSRGY) has earned an average broker rating score of 1.50 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company.

Brokers have set a twelve-month consensus price objective of $85.28 for the company, according to Zacks. Zacks has also assigned Nestle SA an industry rank of 167 out of 265 based on the ratings given to its competitors.

Several equities analysts have recently commented on NSRGY shares. Zacks Investment Research downgraded shares of Nestle SA from a “hold” rating to a “sell” rating in a research note on Saturday, January 7th. Liberum Capital downgraded shares of Nestle SA from a “hold” rating to a “sell” rating in a research note on Monday, January 30th.

COPYRIGHT VIOLATION WARNING: “Zacks: Nestle SA (NSRGY) Receives Average Rating of “Buy” from Brokerages” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/04/20/zacks-nestle-sa-nsrgy-receives-average-rating-of-buy-from-brokerages.html.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/zacks-nestle-sa-nsrgy-receives-average-rating-of-buy-from-brokerages.html

Several institutional investors have recently modified their holdings of the stock. Motley Fool Wealth Management LLC increased its position in shares of Nestle SA by 4.0% in the fourth quarter. Motley Fool Wealth Management LLC now owns 73,016 shares of the company’s stock valued at $5,238,000 after buying an additional 2,790 shares during the period. Thornburg Investment Management Inc. purchased a new position in shares of Nestle SA during the fourth quarter valued at approximately $17,866,000. Hunter Associates Investment Management LLC increased its position in shares of Nestle SA by 2.8% in the fourth quarter. Hunter Associates Investment Management LLC now owns 57,108 shares of the company’s stock valued at $4,097,000 after buying an additional 1,550 shares during the period. Cadinha & Co. LLC increased its position in shares of Nestle SA by 4.0% in the fourth quarter. Cadinha & Co. LLC now owns 190,815 shares of the company’s stock valued at $13,715,000 after buying an additional 7,315 shares during the period. Finally, Chesley Taft & Associates LLC increased its position in shares of Nestle SA by 1.3% in the first quarter. Chesley Taft & Associates LLC now owns 158,965 shares of the company’s stock valued at $12,224,000 after buying an additional 2,107 shares during the period.

Shares of Nestle SA (NASDAQ:NSRGY) opened at 75.14 on Thursday. The company’s 50 day moving average price is $76.14 and its 200 day moving average price is $73.26. Nestle SA has a 12-month low of $66.08 and a 12-month high of $83.25. The firm has a market cap of $232.79 billion and a P/E ratio of 27.47.

About Nestle SA

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.

5 Day Chart for NASDAQ:NSRGY

Get a free copy of the Zacks research report on Nestle SA (NSRGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Nestle SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle SA and related companies with MarketBeat.com's FREE daily email newsletter.